Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

v3.5.0.2
Business Segment Results
6 Months Ended
Jun. 30, 2016
Business Segment Results [Text Block]

Note 11.      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.

BUSINESS SEGMENT RESULTS - THREE MONTHS ENDED JUNE 30, 2016 AND 2015

          Corporate and    
  Consulting Technology Eliminations Total
  2016 2015 2016 2015 2016 2015 2016 2015
                 
Revenue 122,377 298,162 0 0 0 0 122,377 298,162
Segment Profit (Loss)– Pre Tax (112,420) (228,641) 419,498) (394,715) (765,287) (398,000) (1,297,205) (1,021,356)
Total Assets 69,696 247,144 1,048,518 883,775 1,708,631 2,900,566 2,826,845 4,031,485
Interest Expense 0 0 0 0 7,851 0 7,851 0

BUSINESS SEGMENT RESULTS – SIX MONTHS ENDED JUNE 30, 2016 AND 2015

          Corporate and    
  Consulting Technology Eliminations Total
  2016 2015 2016 2015 2016 2015 2016 2015
                 
Revenue 288,923 422,057 0 0 0 0 288,923 422,057
Segment Profit (Loss)– Pre Tax (160,027) (289,559) (1,005,748) (607,545) (466,136) (5,238) (1,631,911) (902,342)
Total Assets 69,696 247,144 1,048,518 883,775 1,708,631 2,900,566 2,826,845 4,031,485
Interest Expense 0 0 0 0 12,372 0 12,372 0