Quarterly report pursuant to Section 13 or 15(d)

Investment in Unconsolidated Affiliate

v2.3.0.15
Investment in Unconsolidated Affiliate
6 Months Ended
Sep. 30, 2011
Investment in Unconsolidated Affiliate [Abstract]  
Investment in Unconsolidated Affiliate
9.     Investment in Unconsolidated Affiliate

Results of Sequel Power Operations

Revenue

Revenue for Sequel Power operations of $2 for the three months ended September 30, 2011 increased by $2 from revenue for the three months ended June 30, 2011.  All Sequel revenue was generated from project services.

Gross Profit(Loss)

Gross loss of $7 for the three months ended September 30, 2011 decreased by $8 from the gross profit for the three months ended March 31, 2011.

Sequel's gross margin for the three months ended September 30, 2011 was 30% compared to 0% for the three months ended March 31, 2011.

Sequel Power's net loss for the three month period ended September 30, 2011 was $530.   The Company's share of net loss is $133.