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Note 3. Segment Information
12 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 3. Segment Information


We design, develop, manufacture, and market products for endoscopy in two reportable segments, medical and industrial.


Management evaluates the revenue and profitability performance of each of our segments to make operating and strategic decisions. We have no intersegment revenue.


Fiscal Year Ended March 31,

Medical

Industrial

Adjustments*

Consolidated

2013

                               

Net sales

  $ 11,630   $ 3,657   $ -   $ 15,287

Gross profit

    3,102     1,240     -     4,342

Operating loss

    (8,381 )     (96 )     -     (8,477 )

Depreciation and amortization

    772     23     -     795

Assets

    11,833     1,466     (1,922 )     11,377

Expenditures for fixed assets

    95     -     -     95
                                 

2012

                               

Net sales

  $ 13,735   $ 2,951   $ -   $ 16,686

Gross profit

    4,064     1,021     -     5,085

Operating loss

    (9,868 )     (247 )     -     (10,115 )

Depreciation and amortization

    789     43     -     832

Assets

    13,140     1,413     (1,954 )     12,599

Expenditures for fixed assets

    209     -     -     209

 

March 31,

 

*Adjustments

2013

2012

Intercompany eliminations

  $ (1,236 )   $ (1,268 )

Investment in subsidiaries

    (686 )     (686 )

Total adjustments

  $ (1,922 )   $ (1,954 )

The following table presents the reconciliation of loss before provision for income taxes:


 

Fiscal Year Ended March 31,

 
 

2013

2012

Operating loss

  $ (8,477 )   $ (10,115 )

Interest expense, net

    (499 )     (480 )

Debt cost expense

    (272 )     (372 )

Loss on extinguishment of debt

    (1,244 )     -

Other, net

    (53 )     (48 )

Loss before provision for income taxes

  $ (10,545 )   $ (11,015 )

The following table presents net sales based on the geographic location of the external customer. No individual foreign country accounted for more than 10% of our worldwide net sales in fiscal years 2013 and 2012.


 

Fiscal Year Ended March 31,

 

2013

 

2012

 

United States

  $ 10,296     67 %   $ 11,349     68 %

Europe

    3,527     23 %     3,700     22 %

Canada

    471     3 %     303     2 %

Middle East and Africa

    468     3 %     371     2 %

Asia and Australia

    345     2 %     885     5 %

Central and South America

    180     2 %     78     1 %

Net sales

  $ 15,287     100 %   $ 16,686     100 %