Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

v3.3.0.814
Business Segment Results
3 Months Ended
Mar. 31, 2015
Business Segment Results [Text Block]

Note 10.          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 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, 2015 and 2014.

BUSINESS SEGMENT RESULTS – THREE MONTHS ENDED MARCH 31, 2015 AND 2014

    Consulting     Technology     Corporate and Eliminations     Total  
    2015     2014     2015     2014     2015     2014     2015     2014  
Revenue   123,895     254,107     0     0     0     0     123,895     254,107  
                                                 
Segment Profit – Pre Tax   (60,918 )   80,911     (212,831 )   (432,086 )   391,411     (3,057,077 )   117,662     (3,408,252 )
Total Assets   318,383     507,738     852,862     725,588     3,816,365     3,210,300     4,987,610     4,443,626  
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     0     0     0     0