Quarterly report pursuant to Section 13 or 15(d)

15. Segment Information (Tables)

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15. Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Operating segment information
    Three Months Ended March 31, 2017  
    Carrier Services     Business Services     Corporate and Unallocated     Consolidated  
Revenues   $ 7,330,836     $ 28,481,040     $ -     $ 35,811,876  
Cost of revenues (exclusive of depreciation and amortization)     7,130,207       12,140,706       -       19,270,913  
Gross profit     200,629       16,340,334       -       16,540,963  
Depreciation and amortization     39,253       3,586,979       210,916       3,837,148  
Selling, general and administrative expenses     521,213       12,191,174       1,422,488       14,134,875  
Interest expense     -       (2,023,552 )     (68,760 )     (2,092,312 )
Loss on change in fair value of derivative liability     -       -       (40,445 )     (40,445 )
Other (expenses) income     (39 )     170,322       (80,603 )     89,680  
Income tax provision     -       (7,811 )     -       (7,811 )
Net loss   $ (359,876 )   $ (1,298,860 )   $ (1,823,212 )   $ (3,481,948 )
Total assets   $ 6,367,811     $ 125,088,903     $ 1,817,144     $ 133,273,858  
Capital expenditures   $ 21,443     $ 963,199     $ -     $ 984,642  

 

    Three Months Ended March 31, 2016  
    Carrier Services     Business Services     Corporate and Unallocated     Consolidated  
Revenues   $ 12,231,665     $ 21,562,584     $ -     $ 33,794,249  
Cost of revenues (exclusive of depreciation and amortization)     11,699,547       8,831,964       -       20,531,511  
Gross profit     532,118       12,730,620       -       13,262,738  
Depreciation and amortization     31,310       2,675,521       209,432       2,916,263  
Selling, general and administrative expenses     1,381,688       9,011,989       1,031,109       11,424,786  
Interest expense     (1,566 )     (1,551,141 )     (75,257 )     (1,627,964 )
Gain on change in fair value of derivative liability     -       -       182,400       182,400  
Other income (expenses)     13       (289,018 )     279,335       (9,670 )
Net loss   $ (882,433 )   $ (797,049 )   $ (854,063 )   $ (2,533,545 )
Total assets   $ 7,740,286     $ 93,789,887     $ 2,179,070     $ 103,709,243  
Capital expenditures   $ 16,244     $ 972,524     $ -     $ 988,768