Annual report pursuant to Section 13 and 15(d)

Business Segment Results

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Business Segment Results
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Note 12. 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 - YEARS ENDED DECEMBER 31, 2016 AND 2015

 

    Consulting Business     Technology Business     Corporate     Total  
    2016     2015     2016     2015     2016     2015     2016     2015  
Revenue   $ 760,577     $ 910,531     $ -     $ -     $ -     $ -     $ 760,577     $ 910,531  
Segment Loss - Pre Tax   $ (288,119 )   $ (267,671 )   $ (2,748,337 )   $ (1,484,164 )   $ (3,308,720 )   $ (2,566,315 )   $ (6,345,176 )   $ (4,318,150 )
Total Assets   $ 388,434     $ 139,797     $ 1,160,465     $ 950,594     $ 5,253,476     $ 1,117,045     $ 6,802,375     $ 2,207,436  
Interest Expense   $ -     $ -     $ -     $ -     $ 29,386     $ -     $ 29,386     $ -