Annual report pursuant to Section 13 and 15(d)

Business Segment Results

Business Segment Results
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Note 10. Business Segment Results

In the year ended December 31, 2017, the Company had two principal business segments, (1) the technology business and (2) the 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 of the Company, in deciding how to allocate resources and in assessing performance. The Chief Executive Officer and Chief Financial Officer have been identified as the chief operating decision makers. The 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. Corporate expenses pertain to certain costs that are not allocated to the reportable segments, primarily consisting of unallocated corporate overhead costs, including administrative functions.


As of January 1, 2018, the Company no longer had a consulting business segment and there was no consulting income for the year ended December 31, 2018 as the Company focused its efforts on the technology business segment and commercialization of the metallic nuclear fuel. Because of this for the year ended December 31, 2018, the Company had only one business segment, the technology business, and therefore is not required to report its financial results on a business segment basis.


The business segment results for the year ended December 31, 2017 was as follows:


    Consulting     Technology     Corporate and Eliminations     Total  
Revenue   $ 175,446     $     $     $ 175,446  
Segment profit (loss) - pre-tax   $ (78,513 )   $ (2,282,938 )   $ (4,743,446 )   $ (7,104,897 )
Total assets   $ 10,400     $ 1,367,692     $ 5,567,901     $ 6,945,993  
Interest expense   $     $     $ 16,095     $ 16,095