Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

v2.4.0.8
Business Segment Results
6 Months Ended
Jun. 30, 2014
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 and six months ended June 30, 2014 and 2013.

BUSINESS SEGMENT RESULTS – THREE MONTHS ENDED JUNE 30, 2014 AND 2013

                            Corporate and              
    Consulting     Technology                 Total  
                            Eliminations              
    2014     2013     2014     2013     2014     2013     2014     2013  
                      -                          
Revenue   349,131     658,859     -           -     -     349,131     658,859  
Segment Profit – Pre Tax   2,131     239,162     (624,448 )   (615,281 )   (1,032,791 )   (647,725 )   (1,655,108 )   (1,023,844 )
Total Assets   408,231     663,229     764,714     673,950     1,899,181     2,752,083     3,072,126     4,089,262  
Property                                                
Additions   -     -     -     -     -     -     -     -  
Interest Expense   -     -     -     -     -     -     -     -  
Depreciation   -     -     -     -     -     6,238     -     6,238  

BUSINESS SEGMENT RESULTS – SIX MONTHS ENDED JUNE 30, 2014 AND 2013

                            Corporate and              
    Consulting     Technology                 Total  
                            Eliminations              
    2014     2013     2014     2013     2014     2013     2014     2013  
                                                 
Revenue   603,238     1,174,809     -     -     -     -     603,238     1,174,809  
Segment Profit – Pre Tax   83,040     324,009     (1,056,535 )   (1,258,554 )   (2,115,535 )   (1,368,221 )   (3,089,030 )   (2,302,766 )
Total Assets   408,231     663,229     764,714     673,950     1,899,181     2,752,083     3,072,126     4,089,262  
Property                                                
Additions   -     -     -     -     -     -     -     -  
Interest Expense   -     -     -     -     -     -     -     -  
Depreciation   -     -     -     -     -     12,390     -     12,390