Note 8. Business Segment Results |
The
Company has 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.
BUSINESS
SEGMENT RESULTS - THREE MONTHS ENDED JUNE 30, 2018 AND 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate
and |
|
|
|
|
|
|
|
|
|
Consulting |
|
|
Technology |
|
|
Eliminations |
|
|
Total |
|
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
Revenue
|
|
$ |
- |
|
|
$ |
14,425 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
14,425 |
|
Other
income |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
187,031 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
187,031 |
|
|
$ |
- |
|
Equity
in loss from joint venture |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(1,773,445 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(1,773,445 |
) |
|
$ |
- |
|
Segment
Profit (Loss) - Pre-Tax |
|
$ |
- |
|
|
$ |
13,416 |
|
|
$ |
(2,124,445 |
) |
|
$ |
(545,644 |
) |
|
$ |
(1,392,568 |
) |
|
$ |
(1,105,435 |
) |
|
$ |
(3,517,013 |
) |
|
$ |
(1,637,663 |
) |
Total
Assets |
|
$ |
- |
|
|
$ |
10,889 |
|
|
$ |
1,506,672 |
|
|
$ |
1,275,637 |
|
|
$ |
28,645,414 |
|
|
$ |
5,465,581 |
|
|
$ |
30,152,086 |
|
|
$ |
6,752,107 |
|
Investment
in joint venture |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,415,228 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,415,228 |
|
|
$ |
- |
|
BUSINESS
SEGMENT RESULTS – SIX MONTHS ENDED JUNE 30, 2018 AND 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate
and |
|
|
|
|
|
|
|
|
|
Consulting |
|
|
Technology |
|
|
Eliminations |
|
|
Total |
|
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
Revenue
|
|
$ |
- |
|
|
$ |
149,910 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
149,910 |
|
Other
income |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
587,374 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
587,374 |
|
|
|
- |
|
Equity
in loss from joint venture |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(2,801,772 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
(2,801,772 |
) |
|
|
- |
|
Segment
(Loss) Profit- Pre-Tax |
|
$ |
- |
|
|
$ |
(59,945 |
) |
|
$ |
(3,663,643 |
) |
|
$ |
(1,009,987 |
) |
|
$ |
(4,574,857 |
) |
|
$ |
(2,318,034 |
) |
|
$ |
(8,238,500 |
) |
|
$ |
(3,382,966 |
) |
Total
Assets |
|
$ |
- |
|
|
$ |
10,889 |
|
|
$ |
1,506,672 |
|
|
$ |
1,275,637 |
|
|
$ |
28,645,414 |
|
|
$ |
5,465,581 |
|
|
$ |
30,152,086 |
|
|
$ |
6,752,107 |
|
Investment
in joint venture |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,415,228 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,415,228 |
|
|
$ |
- |
|
|