Quarterly report pursuant to Section 13 or 15(d)

Business Segment Results

 v2.3.0.11
Business Segment Results
 6 Months Ended
Jun. 30, 2011
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, 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 the primary financial measure is business segment income before taxes. The following tables show the operations of the Company’s reportable business segments for the three months ended June 30,

                          Corporate and              
  Consulting   Technology   Eliminations   Total  
  2011   2010   2011   2010   2011   2010   2011   2010  
                                                 
Revenue   2,292,549     1,480,190     0     482,105     0     0     2,292,549     1,962,295  
                                                 
Segment Profit – Pre Tax   577,255     214,106     (539,155 )   148,392     (1,200,032 )   (2,366,083 )   (1,161,932 )   (2,003,585 )
                                                 
Total Assets   1,590,228     1,149,442     449,265     123,203     11,124,522     4,059,208     13,164,015     5,331,853  
                                                 
Property Additions   0     0     0     0     0     0     0     0  
                                                 
Interest Expense   0     0     0     0     0     0     0     0  
                                                 
Depreciation   0     0     0     0     6,617     6,666     6,617     6,666  

              The following tables show the operations of the Company’s reportable business segments for the six months ended June 30, 2011 and 2010.

                          Corporate and              
  Consulting   Technology   Eliminations   Total  
  2011   2010   2011   2010   2011   2010   2011   2010  
                                                 
Revenue   3,870,643     3,774,322     0     587,105     0     0     3,870,643     4,361,427  
                                                 
Segment Profit – Pre Tax   883,567     826,922     (1,125,795 )   13,943     (2,558,443 )   (4,528,208 )   (2,800,671 )   (3,687,343 )
                                                 
Total Assets   1,590,228     1,149,442     449,265     123,203     11,124,522     4,059,208     13,164,015     5,331,853  
                                                 
Property Additions   0     0     0     0     1,563     0     1,563     0  
                                                 
Interest Expense   0     0     0     0     0     0     0     0  
                                                 
Depreciation   0     0     0     0     13,914     13,416     13,914     13,416