Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

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Business Segment Results
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Note 7. 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 MARCH 31, 2017 AND 2016

 

                            Corporate and              
    Consulting     Technology     Eliminations     Total  
    2017     2016     2017     2016     2017     2016     2017     2016  
Revenue   $ 135,485     $ 166,546     $ -     $ -     $ -     $ -     $ 135,485     $ 166,546  
Segment Profit - Pre Tax   $ (68,361 )   $ (47,608 )   $ (464,343 )   $ (586,250 )   $ (1,212,604 )   $ 299,153     $ (1,745,308 )   $ (334,705 )
Total Assets   $ 87,614     $ 153,619     $ 1,203,354     $ 1,012,193     $ 6,844,988     $ 1,553,564     $ 8,135,956     $ 2,719,376