BUSINESS SEGMENTS, GEOGRAPHIC REVENUES, MAJOR CUSTOMERS AND MAJOR VENDORS

12 Months Ended

Apr. 30, 2014

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

The Company reports segment information based on the “management” approach. Under this approach, operating segments are identified in substantially the same manner as they are reported internally and used by the Company’s chief operating decision maker for purposes of evaluating performance and allocating resources.

The Company divides its operations into two operating segments: the gaming business and the voting business. The gaming segment designs and develops computerized wagering systems and terminals for the lottery and pari-mutuel racing industries worldwide. Presently the voting segment generates revenues from the sales of the 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, 2014
	Gaming Business			Voting Business			Totals
Total revenues		$	18,695		$	4,003		$	22,698
Income from operations			4,793			80			4,873
Depreciation and amortization			105			83			188
Segment assets			11,090			2,345			13,435
	As of and for the Year Ended April 30, 2013
	Gaming Business			Voting Business			Totals
Total revenues		$	7,396		$	3,175		$	10,571
Income from operations			1,502			49			1,551
Depreciation and amortization			112			69			181
Segment assets			14,886			1,948			16,834

Geographic Revenues

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

	Years Ended
	April 30,
Customer Location	2014		2013
Asia	$	11,911	$	4,197
North America		4,005		3,178
Europe		6,782		3,196
	$	22,698	$	10,571

As of April 30, 2014 and 2013, all of the Company's assets were held in the United States. During the fiscal years ended April 30, 2014 and 2013, a significant portion of the Company’s revenues was derived from exports from the United States to foreign countries.  

Major Customers

	April 30, 2014	April 30, 2013
Revenue:
From unrelated customers	One customer from the gaming segment accounted for 30% of total revenue and one customer from the voting segment accounted for 10% of total revenue.	One customer from the gaming segment accounted for 30% of total revenue and one customer from the voting segment accounted for 22% of total revenue.
From related customers	One customer from the gaming segment accounted for 52% of total revenue.	Two customers from the gaming segment accounted for 38% of total revenue or 28% and 10% individually.

Major Vendors

For the year ended April 30, 2014, three vendors accounted for approximately 47%, or 20%, 14%, and 13% individually, of the Company’s product purchases. For the year ended April 30, 2013, five vendors accounted for approximately 73%, or 18%, 18%, 15%, 12%, and 10% individually, of the Company’s product purchases.