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Business Segments (Tables)
9 Months Ended
Dec. 31, 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 December 31,

 

 

Nine months ended December 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind

$

15,131

 

 

$

13,545

 

 

$

30,244

 

 

$

42,937

 

Grid

 

6,119

 

 

 

7,018

 

 

 

15,157

 

 

 

24,893

 

Total

$

21,250

 

 

$

20,563

 

 

$

45,401

 

 

$

67,830

 

 

 

Three months ended December 31,

 

 

Nine months ended December 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Operating profit (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind

$

1,301

 

 

$

1,067

 

 

$

(16,790

)

 

$

(3,207

)

Grid

 

(7,050

)

 

 

(4,670

)

 

 

(20,016

)

 

 

(15,287

)

Unallocated corporate expenses

 

(1,986

)

 

 

(3,072

)

 

 

(9,995

)

 

 

(8,058

)

Total

$

(7,735

)

 

$

(6,675

)

 

$

(46,801

)

 

$

(26,552

)

 

Total Business Segments Assets

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

 

 

December 31,

 

 

March 31,

 

 

2014

 

 

2014

 

Wind

$

52,473

 

 

$

36,701

 

Grid

 

41,854

 

 

 

54,342

 

Corporate assets

 

62,662

 

 

 

77,466

 

Total

$

156,989

 

 

$

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 nine months ended December 31, 2014 and 2013:

 

 

Three months ended December 31,

 

 

Nine months ended December 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

INOX Wind Limited

 

61

%

 

 

35

%

 

 

54

%

 

 

25

%

Beijing JINGCHENG New Energy Co., Ltd

<10

%

 

<10

%

 

<10

%

 

 

22

%

CSR Zhuzhou Institute Co., Ltd

 

%

 

 

18

%

 

 

%

 

<10

%