SEGMENT INFORMATION

12 Months Ended

Apr. 30, 2016

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 14—SEGMENT INFORMATION

Torotel reports the manufacturing, marketing, selling and distribution of precision magnetic components, consisting of transformers, inductors, reactors, chokes, toroidal coils, high voltage transformers, dry-type transformers, and electro-mechanical assemblies as one operating and one reportable segment.  Torotel's chief operating decision maker is its Chief Executive Officer, who reviews financial information on a consolidated basis for purposes of making operating decisions and assessing financial performance.

Torotel’s net sales by product line and geography for the periods presented were as follows:

Years ended April 30	2016		2015
Torotel Products:
Magnetic components	$	8,339,000	$	6,247,000
Potted coil assembly		4,989,000		4,827,000
Electro-mechanical assemblies		2,716,000		2,310,000
Large Transformers		149,000		173,000
Total Torotel Products	$	16,193,000	$	13,557,000
Electronika (1)		1,000		5,000
Total consolidated net sales	$	16,194,000	$	13,562,000

(1) Electronika was dissolved on February 8, 2016 and its affairs wound up.

Years ended April 30,	2016		2015
Domestic	$	15,022,000	$	12,341,000
Foreign		1,172,000		1,221,000
Total consolidated net sales	$	16,194,000	$	13,562,000

Torotel Products currently has a primary base of approximately 23 customers that provide nearly 90% of its annual sales volume.  Sales to two major customers as a percentage of consolidated net sales for the year ended April 30, 2016  was 35%and 28% respectively. Sales to two major customers as a percentage of consolidated net sales for the year ended April 30, 2015 was 41% and 19% respectively.