BUSINESS SEGMENTS, GEOGRAPHIC REVENUES, MAJOR CUSTOMERS AND MAJOR VENDORS

12 Months Ended

Apr. 30, 2012

BUSINESS SEGMENTS, GEOGRAPHIC REVENUES, MAJOR CUSTOMERS AND MAJOR VENDORS [Abstract]

BUSINESS SEGMENTS, GEOGRAPHIC REVENUES, MAJOR CUSTOMERS AND MAJOR VENDORS

2. BUSINESS SEGMENTS, GEOGRAPHIC REVENUES, MAJOR CUSTOMERS AND MAJOR VENDORS

Segment Information

Operating segments are defined in accounting standards as components of an enterprise about which separate financial information is available and is regularly evaluated by management in deciding how to allocate resources and in assessing performance. The Company divides its operations into two operating segments: the gaming business and the voting business. The gaming segment designs, manufactures and manages computerized wagering systems and terminals for the lottery and pari-mutuel racing industries worldwide. Presently the voting segment generates revenues from the sales of voting systems and hardware, software licensing, product servicing and software support services.

The Company's segment information is presented below (in thousands):

	As of and for the Year Ended April 30, 2012
	Gaming Business			Voting Business				Totals
Total revenues		$	7,052		$	5,032			$	12,084
Income from operations			973			279				1,252
Depreciation and amortization			89			52				141
Accounts receivable, net			191			598				789
Equipment, furniture and fixtures, net			153			329				482
Inventories			537			2,122				2,659
Warranty reserves			113			56				169
Deferred revenues			277			410				687
	As of and for the Year Ended April 30, 2011
	Gaming Business			Voting Business				Totals
Total revenues		$	5,426		$	460			$	5,886
Income (loss) from operations			167			(1,145	)			(978	)
Depreciation and amortization			90			29				119
Accounts receivable, net			173			30				203
Equipment, furniture and fixtures, net			99			333				432
Inventories			396			40				436
Warranty reserves			31			-				31
Deferred revenues			20			595				615

Geographic Revenues

Revenues by geographic area are as follows (in thousands):

	Years Ended                               Years Ended
	April 30,
Customer Location	2012		2011
Asia	$	6,117	$	3,691
North America		5,320		1,531
Europe		647		664
	$	12,084	$	5,886

 As of April 30, 2012 and 2011, all of the Company's assets were held in the United States. During the fiscal years ended April 30, 2012 and 2011, a significant portion of the Company's revenues was derived from exports from the United States to foreign countries.  

Major Customers

	Years Ended
	April 30, 2012	April 30, 2011
Revenue:
From unrelated customers	One customer from the voting segment accounted for 32% of total revenue.	Two customers from the gaming segment accounted for more than 26% of total revenue or 15% and 11% individually.
From related customers	Two customers from the gaming segment accounted for 49% of total revenue or 32% and 17% individually.	Two customers from the gaming segment accounted for 56% of total revenue or 40% and 16% individually.

Major Vendors

For the year ended April 30, 2012, two vendors accounted for approximately 37%, or 26% and 11% individually, of the Company's product purchases. For the year ended April 30, 2011, three vendors accounted for approximately 67%, or 25%, 24% and 18% individually, of the Company's purchases.