|
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| Revenues |
|
|
|
|
| Vessel revenues |
$ 2,780 |
$ 4,739 |
$ 8,469 |
$ 15,093 |
| Geophysical service revenues (which includes $3,011 and $3,970 from related parties for the three and six months ended March 31, 2011, respectively) |
1,362 |
5,871 |
3,635 |
10,454 |
| Marine base service revenues (which includes $166 and $284 from related parties for the three and six months ended March 31, 2012, respectively and $257 and $387 from related parties for the three and six months ended March 31, 2011, respectively) |
247 |
359 |
518 |
594 |
| Total Revenues |
4,389 |
10,969 |
12,622 |
26,141 |
| Operating Expenses |
|
|
|
|
| Vessel operating costs |
1,674 |
3,966 |
5,258 |
8,732 |
| Cost of geophysical service revenues |
1,314 |
1,873 |
3,195 |
5,159 |
| Cost of marine base service |
48 |
188 |
259 |
339 |
| Depreciation and amortization |
1,741 |
1,901 |
3,752 |
3,924 |
| Impairment loss |
150 |
3 |
150 |
322 |
| General and administrative expense |
2,307 |
1,925 |
4,922 |
5,252 |
| Total Costs and Operating Expenses |
7,234 |
9,856 |
17,536 |
23,728 |
| Income (Loss) from Operations |
(2,845) |
1,113 |
(4,914) |
2,413 |
| Other Income (Expense) |
|
|
|
|
| Interest expense |
(1,707) |
(2,102) |
(3,363) |
(4,211) |
| Foreign currency transaction income (loss) |
200 |
214 |
(409) |
181 |
| Interest income |
72 |
6 |
94 |
20 |
| Other non-operating income (loss), net |
283 |
(80) |
56 |
165 |
| Net Other Expense |
(1,152) |
(1,962) |
(3,622) |
(3,845) |
| Loss from Continuing Operations Before Income Tax |
(3,997) |
(849) |
(8,536) |
(1,432) |
| Benefit from (provision for) income tax |
232 |
(493) |
281 |
(1,357) |
| Loss from continuing operations |
(3,765) |
(1,342) |
(8,255) |
(2,789) |
| Loss from discontinued operations |
0 |
(796) |
0 |
(861) |
| Net loss |
(3,765) |
(2,138) |
(8,255) |
(3,650) |
| Net loss attributable to noncontrolling interests |
467 |
617 |
517 |
1,077 |
| Net loss attributable to Caspian Services, Inc |
(3,298) |
(1,521) |
(7,738) |
(2,573) |
| Basic and diluted loss per share from continuing operations |
$ (0.07) |
$ (0.03) |
$ (0.16) |
$ (0.05) |
| Basic and Diluted Loss per Share from discontinued operations |
$ 0 |
$ (0.02) |
$ 0 |
$ (0.02) |
| Basic and diluted loss per share |
$ (0.07) |
$ (0.05) |
$ (0.16) |
$ (0.07) |
| Weighted average shares outstanding |
52,657,574 |
52,213,757 |
52,657,574 |
52,213,757 |
| Amounts attributable to Caspian Services, Inc: |
|
|
|
|
| Loss from continuing operations, net of tax |
(3,298) |
(725) |
(7,738) |
(1,712) |
| Discontinued operations, net of tax |
0 |
(796) |
0 |
(861) |
| Net loss |
$ (3,298) |
$ (1,521) |
$ (7,738) |
$ (2,573) |