Annual report pursuant to Section 13 and 15(d)

Segment Data

v3.7.0.1
Segment Data
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Data

13. 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