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Business Segments (Tables)
6 Months Ended
Sep. 30, 2013
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,

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind             

$

  14,691

 

 

$

  12,002

 

 

$

  29,392

 

 

$

  28,513

 

Grid             

 

  9,490

 

 

 

  8,865

 

 

 

  17,875

 

 

 

  21,070

 

Total             

$

  24,181

 

 

$

  20,867

 

 

$

  47,267

 

 

$

  49,583

 

 

 

Three months ended
September 30,

 

 

Six months ended
September 30,

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Operating loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind             

$

(2,449

)

 

$

(6,449

)

 

$

(4,274

)

 

$

(5,148

)

Grid             

 

(5,750

)

 

 

(6,572

)

 

 

(10,618

)

 

 

(11,915

)

Unallocated corporate expenses             

 

(2,829

)

 

 

(1,949

)

 

 

(4,985

)

 

 

(4,035

)

Total             

$

(11,028

)

 

$

(14,970

)

 

$

(19,877

)

 

$

(21,098

)

 

Total Business Segments Assets

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

 

 

September 30,
2013

 

  

March 31,
2013

 

Wind             

$

  50,304

  

  

$

  67,111

  

Grid             

 

  63,244

  

  

 

  72,800

  

Corporate assets             

 

  58,977

  

  

 

  76,843

  

Total             

$

  172,525

  

  

$

  216,754

  

 

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, 2013 and 2012:

 

 

Three months ended
September 30,

 

 

Six months ended
September 30,

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Beijing JINGCHENG New Energy Co., Ltd             

 

  28

%

 

 

  26

%

 

 

  31

%

 

 

  22

%

INOX Wind Limited             

 

  27

%

 

 

  19

%

 

 

  21

%

 

 

  17

%

Karara Mining Ltd             

 

<10

%

 

 

<10

%

 

 

<10

%

 

 

  13

%