| Segment Data |
11. 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 nine months ended September 30, 2016 and September
30, 2015.
| |
|
For the Three Months Ended September 30, 2016 |
|
| |
|
Telecommunications |
|
|
Staffing |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
3,795,306 |
|
|
|
32,547 |
|
|
|
3,827,853 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) from Operations |
|
$ |
23,000 |
|
|
|
4,918 |
|
|
|
27,918 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
(247,512 |
) |
|
|
- |
|
|
|
(247,512 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Expense |
|
$ |
485,926 |
|
|
|
4,310 |
|
|
|
490,236 |
|
| |
|
For the Three Months Ended September 30, 2015 |
|
| |
|
Telecommunications |
|
|
Staffing |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
1,729,915 |
|
|
|
2,296,293 |
|
|
|
4,026,208 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) from Operations |
|
$ |
(1,563,759 |
) |
|
|
9,783 |
|
|
|
(1,553,976 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
(45,714 |
) |
|
|
- |
|
|
|
(45,714 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Expense |
|
$ |
326,649 |
|
|
|
304,310 |
|
|
|
630,959 |
|
| |
|
For the Nine Months Ended September 30, 2016 |
|
| |
|
Telecommunications |
|
|
Staffing |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
9,017,652 |
|
|
|
66,307 |
|
|
|
9,083,959 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) from Operations |
|
$ |
(1,009,788 |
) |
|
|
50,015 |
|
|
|
(959,773 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
(702,878 |
) |
|
|
- |
|
|
|
(702,878 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Expense |
|
$ |
1,439,425 |
|
|
|
12,929 |
|
|
|
1,452,354 |
|
| |
|
For the Nine Months Ended September 30, 2015 |
|
| |
|
Telecommunications |
|
|
Staffing |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
5,822,267 |
|
|
|
5,622,380 |
|
|
|
11,444,647 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) from Operations |
|
$ |
(2,382,750 |
) |
|
|
24,529 |
|
|
|
(2,358,221 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
(98,762 |
) |
|
|
- |
|
|
|
(98,762 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Expense |
|
$ |
728,732 |
|
|
|
316,147 |
|
|
|
1,044,879 |
|
|