Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

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Business Segment Results
 6 Months Ended
Jun. 30, 2012
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 and six months ended June 30, 2012 and 2011.

    Consulting     Technology     Corporate and     Total  
                            Eliminations              
    2012     2011     2012     2011     2012     2011     2012     2011  
                                                 
Revenue   981,016     2,292,549     0     0     0     0     981,016     2,292,549  
                                                 
Segment
Profit – Pre
Tax 		  149,574     577,255     (518,360 )   (539,155 )   (946,150 )   (1,200,032 )   (1,314,936 )   (1,161,932 )
                                                 
Total Assets   664,390     1,590,228     576,031     449,265     7,046,966     11,124,522     8,287,387     13,164,015  
                                                 
Property
Additions 		  0     0     0     0     19,738     0     19,738     0  
                                                 
Interest
Expense 		  0     0     0     0     0     0     0     0  
                                                 
Depreciation   0     0     0     0     7,237     6,617     7,237     6,617  

BUSINESS SEGMENT RESULTS – SIX MONTHS ENDED JUNE 30, 2012 AND 2011

    Consulting     Technology     Corporate and     Total  
                            Eliminations              
    2012     2011     2012     2011     2012     2011     2012     2011  
                                                 
Revenue   2,238,537     3,870,643     0     0     0     0     2,238,537     3,870,643  
                                                 
Segment
Profit – Pre
Tax 		  381,660     883,567     (1,015,068 )   (1,125,795 )   (1,478,061 )   (2,558,443 )   (2,111,470 )   (2,800,671 )
                                                 
Total Assets   664,390     1,590,228     576,031     449,265     7,046,966     11,124,522     8,287,387     13,164,015  
                                                 
Property
Additions 		  0     0     0     0     19,738     1,563     19,738     1,563  
                                                 
Interest
Expense 		  0     0     0     0     0     0     0     0  
                                                 
Depreciation   0     0     0     0     14,517     13,914     14,517     13,914