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Business Segments (Tables)
6 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Operating Results for Two Business Segments

The operating results for the two business segments are as follows (in thousands):

 

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind

$

7,462

 

 

$

14,691

 

 

$

15,113

 

 

$

29,392

 

Grid

 

4,993

 

 

 

9,490

 

 

 

9,038

 

 

 

17,875

 

Total

$

12,455

 

 

$

24,181

 

 

$

24,151

 

 

$

47,267

 

 

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Operating loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind

$

(14,611

)

 

$

(2,449

)

 

$

(18,091

)

 

$

(4,274

)

Grid

 

(6,559

)

 

 

(5,750

)

 

 

(12,966

)

 

 

(10,618

)

Unallocated corporate expenses

 

(5,230

)

 

 

(2,829

)

 

 

(8,010

)

 

 

(4,985

)

Total

$

(26,400

)

 

$

(11,028

)

 

$

(39,067

)

 

$

(19,877

)

 

Total Business Segments Assets

Total assets for the two business segments are as follows (in thousands):

 

 

September 30,

 

 

March 31,

 

 

2014

 

 

2014

 

Wind

$

47,569

 

 

$

36,701

 

Grid

 

44,779

 

 

 

54,342

 

Corporate assets

 

63,499

 

 

 

77,466

 

Total

$

155,847

 

 

$

168,509

 

 

Schedule of Revenues by Major Customers

The following table sets forth customers who represented 10% or more of the Company’s total revenues for the three and six months ended September 30, 2014 and 2013:

 

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

INOX Wind Limited

 

48

%

 

 

27

%

 

 

48

%

 

 

21

%

RES American Construction, Inc

 

16

%

 

 

%

 

<10

%

 

 

%

Beijing JINGCHENG New Energy Co., Ltd

 

%

 

 

28

%

 

<10

%

 

 

31

%