| 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 Company allocates its Corporate Overhead between its two operating segments.
The following tables summarize financial
information about the Company’s business segments for the year ended December 31, 2016, the transitional three months ended
December 31, 2015, and the year ended September 30, 2015.
| |
|
For the Year Ended |
|
| |
|
September 30, 2015 |
|
| |
|
Telecommunications |
|
|
Staffing |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues, net of discounts |
|
$ |
8,722,147 |
|
|
$ |
5,666,535 |
|
|
$ |
14,388,682 |
|
| Income (Loss) from Operations |
|
$ |
(1,657,238 |
) |
|
$ |
50,417 |
|
|
$ |
(1,606,821 |
) |
| Depreciation and Amortization |
|
$ |
108,324 |
|
|
$ |
- |
|
|
$ |
108,324 |
|
| Interest Expense |
|
$ |
1,281,445 |
|
|
$ |
26,631 |
|
|
$ |
1,308,076 |
|
| |
|
For the Transitional Three Months Ended December 31, 2015 |
|
| |
|
Telecommunications |
|
|
Staffing |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues, net of discounts |
|
$ |
1,185,670 |
|
|
|
1,885,135 |
|
|
|
3,070,805 |
|
| Income (Loss) from Operations |
|
$ |
(2,483,328 |
) |
|
|
186,842 |
|
|
|
(2,296,486 |
) |
| Depreciation and Amortization |
|
$ |
169,574 |
|
|
|
- |
|
|
|
169,574 |
|
| Interest Expense |
|
$ |
431,153 |
|
|
|
4,310 |
|
|
|
435,463 |
|
| |
|
For the Year Ended December 31, 2016 |
| |
|
Telecommunications |
|
Staffing |
|
Consolidated |
| |
|
|
|
|
|
|
| Revenues, net of discounts |
|
$ |
12,161,022 |
|
|
|
108,057 |
|
|
|
12,269,079 |
|
| Income (Loss) from Operations |
|
$ |
(2,459,910 |
) |
|
|
58,389 |
|
|
|
(2,401,521 |
) |
| Depreciation and Amortization |
|
$ |
1,241,231 |
|
|
|
— |
|
|
|
1,241,231 |
|
| Interest Expense |
|
$ |
2,251,151 |
|
|
|
21,122 |
|
|
|
2,272,273 |
|
|