Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

v2.4.0.6
Business Segment Results
3 Months Ended
Mar. 31, 2013
Business Segment Results [Text Block]

Note 9. 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 three months ended March 31, 2013 and 2012.

BUSINESS SEGMENT RESULTS – THREE MONTHS ENDED MARCH 31, 2013 AND 2012

                            Corporate and              
    Consulting     Technology     Eliminations     Total  
    2013     2012     2013     2012     2013     2012     2013     2012  
                                                 
Revenue   515,950     1,257,521     0     0     0     0     515,950     1,257,521  
                                                 
Segment Profit – Pre Tax   84,846     232,086     (643,273 )   (496,708 )   (720,495 )   (531,912 )   (1,278,922 )   (796,534 )
                                                 
Total Assets   418,113     925,254     634,953     565,104     3,967,227     8,314,517     5,020,293     9,804,875  
                                                 
Property Additions   0     0     0     0     0     0     0     0  
                                                 
Interest Expense   0     0     0     0     0     0     0     0  
                                                 
Depreciation   0     0     0     0     6,119     6,166     6,119     6,166