Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

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Business Segment Results
 3 Months Ended
Mar. 31, 2012
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 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 2011 Segment Profit-Pre Tax disclosure below has been restated to reflect the change in the business segment classification of certain expenses as discussed in Note 1 above. Expenses reported in the Corporate and Eliminations business segment, which includes various general corporate overhead expenses are now being allocated equally to the Consulting and Technology business segments.

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, 2012 and 2011.

                            Corporate and              
    Consulting     Technology     Eliminations     Total  
    2012     2011     2012     2011     2012     2011     2012     2011  

Revenue

  1,257,521     1,578,094     0     0     0     0     1,257,521     1,578,094  

Segment Profit – Pre Tax

  232,086     306,312     (496,708 )   (499,640 )   (531,912 )   (1,445,411 )   (796,534 )   (1,638,739 )

Total Assets

  925,254     1,298,658     565,104     399,139     8,314,517     13,027,722     9,804,875     14,725,519  

Property Additions

  0     0     0     0     0     1,540     0     1,540  

Interest Expense

  0     0     0     0     0     0     0     0  

Depreciation

  0     0     0     0     6,166     7,297     6,166     7,297