Quarterly report pursuant to sections 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 6 Months Ended
Apr. 30, 2012
Segment Information [Abstract]  
Segment Information
9.

SEGMENT INFORMATION

We follow the accounting guidance of ASC 280 “Segment Reporting” (“ASC 280”). Reportable operating segments are determined based on management’s approach. The management approach, as defined by ASC 280, is based on the way that the chief operating decision-maker organizes the segments within an enterprise for making operating decisions and assessing performance. While our results of operations are primarily reviewed on a consolidated basis, the chief operating decision-maker also manages the enterprise in two segments: (i) Display Technology and (ii) Encryption Products and Services. The following represents selected financial information for our segments for the six-month and three- month periods ended April 30, 2012 and 2011:

 

                         
Segment Data   Display
Technology		     Encryption
Products and
Services		     Total  
       

Six Months Ended April 30, 2012:

                        

Net revenue

   $ 693,340     $ 3,925     $ 697,265  

Net loss

     (1,568,372 )      (194,822 )      (1,763,194 ) 
       

Six Months Ended April 30, 2011:

                        

Net revenue

   $ -         $ 103,873     $ 103,873  

Net loss

     (2,301,863 )      (511,286 )      (2,813,149 ) 
       
Segment Data   Display
Technology		     Encryption
Products and
Services		     Total  
       

Three Months Ended April 30, 2012:

                        

Net revenue

   $ 246,670     $ 1,400     $ 248,070  

Net loss

     (878,012 )      903       (877,109 ) 
       

Three Months Ended April 30, 2011:

                        

Net revenue

   $ -         $ 86,915     $ 86,915  

Net loss

     (1,159,693 )      (127,347 )      (1,287,040 ) 

In the second quarter of fiscal year 2012 we devoted all our efforts to the display technology segment. Accordingly, the only expense allocated to the encryption segment was the cost of encryption products sold.