Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v2.4.1.9
Segment Data
 6 Months Ended
Mar. 31, 2015
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     Six Months Ended  
    March 31,     March 31,  
(In Thousands)   2015     2014     2015     2014  
                         
Direct Hire Placement Services                        
Revenue – net   $ 1,482     $ 1,776     $ 2,932     $ 3,514  
Placement services gross margin     100 %     100 %     100 %     100 %
Operating (loss) income   $ (216 )   $ 211     $ (396 )   $ 494  
Depreciation & amortization     56       51       112       109  
Accounts receivable – net     754       940       754       940  
Intangible assets – net     168       287       168       287  
Goodwill     24       24       24       24  
Total assets   $ 2,905     $ 4,616     $ 2,905     $ 4,616  
                                 
Contract Staffing Services                                
Industrial services revenue – net   $ 6,457       6,194     $ 12,984     $ 13,087  
Professional services revenue – net     1,857       1,664       3,562       3,840  
Industrial services gross margin     11.35 %     10.0 %     13.27 %     10.6 %
Professional services gross margin     30.35 %     31.6 %     32.00 %     31.6 %
Operating (loss) income   $ 225     $ (320 )   $ 737     $ (212 )
Depreciation and amortization     74       61       134       129  
Accounts receivable net – industrial services     3,978       4,234       3,978       4,234  
Accounts receivable net – professional services     860       830       860       830  
Intangible assets – net     1,224       1,434       1,224       1,434  
Goodwill     1,082       1,082       1,082       1,082  
Total assets   $ 7,205     $ 5,748     $ 7,205     $ 5,748  
                                 
Unallocated Expenses                                
Corporate administrative expenses   $ 252     $ 419     $ 651     $ 785  
Corporate facility expenses     37       91       88       200  
Board related expenses     225       20       252       43  
Total unallocated expenses   $ 514     $ 530     $ 991     $ 1,028  
                                 
Consolidated                                
Revenue –net   $ 9,796     $ 9,634     $ 19,478     $ 20,441  
Operating loss     (505 )     (639 )     (650 )     (746 )
Depreciation and amortization     130       112       246       238  
Total accounts receivable – net     5,592       6,004       5,592       6,004  
Intangible assets – net     1,392       1,721       1,392       1,721  
Goodwill     1,106       1,106       1,106       1,106  
Assets from continuing operations     10,110       10,364       10,110       10,364  
Assets from discontinued operations     0       229       0       229  
Total assets   $ 10,110     $ 10,593     $ 10,110     $ 10,593