Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

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Business Segment Results
 9 Months Ended
Sep. 30, 2011
Business Segment Results [Text Block]

Note 9. Business Segment Results

We have two principal business segments, which are (1) technology and (2) consulting services. 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 our 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 the primary financial measure is business segment income before taxes. The following tables show the operations of the Company’s reportable business segments for the three months ended September 30, 2011 and 2010.

 

                            Corporate and              
    Consulting     Technology     Eliminations     Total  
    2011     2010     2011     2010     2011     2010     2011     2010  
                                                 
Revenue   1,652,538     2,050,456     --     --     --     --     1,652,538     2,050,456  
                                                 
Segment Profit – Pre Tax   530,949     697,326     (591,089 )   (610,444 )   (1,108,645 )   (1,757,846 )   (1,168,785 )   (1,670,964 )
                                                 
Total Assets   837,496     1,271,360     482,936     289,561     10,406,994     14,990,861     11,727,426     16,551,782  
                                                 
Property Additions   --     --     --     --     1,228     --     1,228     --  
                                                 
Interest Expense   --     --     --     --     112     --     112     --  
                                                 
Depreciation   --     --     --     --     5,601     4,800     5,601     4,800  

The following tables show the operations of the Company’s reportable business segments for the nine months ended September 30, 2011 and 2010.

                            Corporate and              
    Consulting     Technology     Eliminations     Total  
    2011     2010     2011     2010     2011     2010     2011     2010  
                                                 
Revenue   5,523,181     6,069,333     --     342,550     --     --     5,523,181     6,411,883  
                                                 
Segment Profit – Pre Tax   1,414,515     1,670,902     (1,716,884 )   (1,058,744 )   (3,667,087 )   (5,971,190 )   (3,969,456 )   (5,359,032 )
                                                 
Total Assets   837,496     1,271,360     482,936     289,561     10,406,994     14,990,861     11,727,426     16,551,782  
                                                 
Property Additions   --     --     --     --     1,228     --     1,228     --  
                                                 
Interest Expense   --     --     --     --     1,350     --     1,350     --  
                                                 
Depreciation   --     --     --     --     19,515     18,216     19,515     18,216