Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v3.5.0.2
Segment Data
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Data

10. SEGMENT DATA

 

The Company’s reportable operating segments consist of its telecommunications segment and its staffing segment, which are organized, managed and operated along key product and service lines.

 

The following tables summarize financial information about the Company’s business segments for the three and six months ended June 30, 2016 and June 30, 2015.

 

    For the Three Months Ended June 30, 2016  
    Telecommunications     Staffing     Consolidated  
                   
Revenues   $ 3,138,198       24,516       3,162,714  
                         
Income (Loss) from Operations   $ (323,475 )     43,089       (280,386 )
                         
Depreciation and Amortization   $ 236,470       -       236,470  
                         
Interest Expense   $ 471,364       4,310       475,674  

 

    For the Three Months Ended June 30, 2015  
    Telecommunications     Staffing     Consolidated  
                   
Revenues   $ 2,182,872       1,887,753       4,070,625  
                         
Income (Loss) from Operations   $ (328,470 )     24,989       (303,481 )
                         
Depreciation and Amortization   $ 31,567       -       31,567  
                         
Interest Expense   $ 176,156       4,257       180,413  

 

    For the Six Months Ended June 30, 2016  
    Telecommunications     Staffing     Consolidated  
                   
Revenues   $ 5,222,346       33,760       5,256,106  
                         
Income (Loss) from Operations   $ (878,301 )     45,097       (833,204 )
                         
Depreciation and Amortization   $ 455,366       -       455,366  
                         
Interest Expense   $ 953,499       8,619       962,118  

 

    For the Six Months Ended June 30, 2015  
    Telecommunications     Staffing     Consolidated  
                   
Revenues   $ 4,092,352       3,326,087       7,418,439  
                         
Income (Loss) from Operations   $ (818,990 )     14,746       (804,244 )
                         
Depreciation and Amortization   $ 53,048       -       53,048  
                         
Interest Expense   $ 402,083       11,837       413,920