METWOOD INC - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - November 15, 2012

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NOTE 6 - SEGMENT INFORMATION
 3 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
NOTE 9 - SEGMENT INFORMATION

NOTE 6 – SEGMENT INFORMATION

Until June 30, 2012, we operated in two principal business segments: (1) construction-related products and (2) engineering services. Performance of each segment was evaluated based on profit or loss from operations before income taxes. These reportable segments are strategic business units that have offered different products and services. The company has recently concluded that the majority of the engineering portion of the business can best be handled through a strategic partnership with an outside engineering firm. We believe that continuing research and development efforts will soon enable us to meet code requirements for our products and will eliminate the need for individual engineering seals. Summarized revenue and expense information by segment for the three months ended September 30, 2012 and 2011, as excerpted from internal management reports, is as follows:

   For the Three Months Ended
   September 30,
Construction:  2012  2011
Sales  $628,883   $505,333 
Intersegment expenses   —      (200)
Cost of sales   (380,082)   (289,441)
Other expenses   (227,120)   (227,130)
    Segment loss  $21,681   $(11,438)
           
Engineering:          
Sales  $—     $2,356 
Intersegment revenues   —      200 
Cost of sales   —      (15,077)
Other expenses   —      4,195 
    Segment loss  $—     $(8,326)

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