Annual report pursuant to Section 13 and 15(d)

Business Segment Results

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Business Segment Results
 12 Months Ended
Dec. 31, 2012
Business Segment Results [Text Block]

Note 12. Business Segment Results

We have two principal business segments, which are (1) our technology business and (2) our consulting services business. These business segments were determined based on the nature of the operations and the services offered. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief decision-makers, in deciding how to allocate resources and in assessing performance. Our Chief Executive Officer and Chief Operating Officer/Chief Financial Officer have been identified as the chief operating decision makers. Our chief operating decision makers direct the allocation of resources to operating segments based on the profitability, the cash flows, and the business plans of each respective segment.

The Company evaluates performance based on several factors, of which achievement of strategic goals toward future profitability and business segment income before taxes are the primary measures. The following tables show the operations of the Company’s reportable business segments for the years ended December 31, 2012 and 2011.

 

 

                            Corporate and              
    Consulting     Technology     Eliminations     Total  
    2012     2011     2012     2011     2012     2011     2012     2011  
                                                 
Revenue   3,677,596     6,356,424     -     -     -     -     3,677,596     6,356,424  
                                                 
Segment Profit – Pre Tax   719,158     1,411,615     (2,064,568 )   (2,349,749 )   (2,711,664 )   (4,930,873 )   (4,057,075 )   (5,869,007 )
                                                 
Total Assets   601,803     277,211     600,596     537,075     4,941,257     9,704,501     6,143,656     10,518,787  
                                                 
Property Additions   -     -     -     -     936     1,297     936     1,297  
                                                 
Interest Expense   -     -     -     -     -     -     -     -  
                                                 
Depreciation   -     -     1,577     2,120     26,780     24,842     28,357     26,962