Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v2.4.1.9
Segment Data
 3 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Segment Data

The Company provides the following distinctive services: (a) direct hire placement services, (b) temporary professional services staffing in the fields of information technology, engineering, and accounting, and (c) temporary light industrial staffing. Intersegment net service revenues are not significant. Revenues generated from the temporary professional services staffing and light industrial staffing are classified as contract staffing services revenues in the statements of operations. Selling, general and administrative expenses are not separately allocated among professional services or industrial staffing services within the contract staffing services sector for internal reporting purposes.

 

Unallocated corporate expenses primarily include, corporate legal expenses, consulting expenses, corporate payroll, audit fees, corporate rent and facility costs, board fees and interest expense.

 

    Three Months Ended  
    December 31,  
(In Thousands)   2014     2013  
             
Direct Hire Placement Services            
Revenue   $ 1,450     $ 1,738  
Placement services gross margin     100 %     100 %
Operating (loss) income     (33 )     305  
Depreciation & amortization     56       59  
Accounts receivable – net     609       679  
Intangible assets     198       317  
Goodwill     24       24  
Total assets     2,436       4,367  

 

Contract Staffing Services            
Industrial services revenue     6,527       6,893  
Professional services revenue     1,705       2,176  
Industrial services gross margin     15.17 %     12.90 %
Professional services gross margin     33.67 %     31.90 %
Operating income   $ 512     $ 206  
Depreciation and amortization     66       66  
Accounts receivable net – industrial services     3,757       4,624  
Accounts receivable net – professional services     763       856  
Intangible assets     1,277       1,486  
Goodwill     1,082       1,082  
Total assets     7,185       5,617  
                 
Unallocated Expenses                
Corporate administrative expenses     399       366  
Corporate facility expenses     51       109  
Board related expenses     27       23  
Interest expense     147       120  
Total unallocated expenses     624       618  
                 
Consolidated                
Total revenue     9,682       10,807  
Operating loss     (145 )     (107 )
Depreciation and amortization     122       125  
Total accounts receivable – net     5,129       6,159  
Intangible assets     1,475       1,803  
Goodwill     1,106       1,106  
Assets from continuing operations     9,621       9,984  
Assets from discontinued operations     0       234  
Total assets   $ 9,621     $ 10,218