Quarterly report pursuant to sections 13 or 15(d)

12. Segment Information (Tables)

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12. Segment Information (Tables)
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Operating segment information

Operating segment information for the three and six months ended June 30, 2013 and 2012 is summarized as follows: 

 

Three Months Ended June 30, 2013

    Carrier Services   Business Services   Corporate and Unallocated   Consolidated
 Revenues   $ 6,738,527     $ 7,491,650     $ —       $ 14,230,177  
 Cost of revenues (exclusive of                                
 depreciation and amortization)     5,938,937       3,666,597       —         9,605,534  
 Gross profit     799,590       3,825,053       —         4,624,643  
 Depreciation and amortization     69,578       803,005       —         872,583  
 Selling, general and administrative expenses     1,822,070       2,611,778       —         4,433,848  
 Interest expense     86,386       583,345               669,731  
 Other (income) expenses     (100,302 )     (28,108 )     —         (128,410 )
 Gain on extinguishment of accounts payable     2,908,882       —         —         2,908,882  
 Net income (loss)   $ 1,830,740     $ (144,967 )   $ —       $ 1,685,773  

  

Three Months Ended June 30, 2012

 

    Carrier Services   Business Services   Corporate and Unallocated   Consolidated
 Revenues   $ 9,621,378     $ 598,058     $ —       $ 10,219,436  
 Cost of revenues (exclusive of                                
 depreciation and amortization)     8,576,046       387,743       —         8,963,789  
 Gross profit     1,045,332       210,315       —         1,255,647  
 Depreciation and amortization     82,275       11,679       —         93,954  
 Selling, general and administrative expenses     1,279,310       979,075       —         2,258,385  
 Interest expense     23,267       23,267               46,534  
 Other expenses (income)     93,661       (2,267 )     —         91,394  
 Net loss   $ (433,181 )   $ (801,439 )   $ —       $ (1,234,620 )
                                 
 Total assets   $ 1,868,527     $ 1,381,748     $ 1,239,299     $ 4,489,574  

 

  

Six Months Ended June 30, 2013

 

    Carrier Services   Business Services   Corporate and Unallocated   Consolidated
 Revenues   $ 15,431,815     $ 14,966,783     $ —       $ 30,398,598  
 Cost of revenues (exclusive of                                
 depreciation and amortization)     13,920,475       7,436,655       —         21,357,130  
 Gross profit     1,511,340       7,530,128       —         9,041,468  
 Depreciation and amortization     139,076       1,583,422       —         1,722,498  
 Selling, general and administrative expenses     3,663,636       5,037,809       —         8,701,445  
 Interest expense     180,428       1,148,822               1,329,250  
 Other (income) expenses     (379,205 )     486,869       —         107,664  
 Gain on extinguishment of accounts payable     2,908,882                       2,908,882  
 Net income (loss)   $ 816,287     $ (726,794 )   $ —       $ 89,493  
                                 
 Capital expenditures   $ 49,768     $ 468,566     $ 17,497     $ 535,831  

 

 

Six Months Ended June 30, 2012

 

    Carrier Services   Business Services   Corporate and Unallocated   Consolidated
 Revenues   $ 20,581,093     $ 1,173,047     $ —       $ 21,754,140  
 Cost of revenues (exclusive of                                
 depreciation and amortization)     18,262,516       746,033       —         19,008,549  
 Gross profit     2,318,577       427,014       —         2,745,591  
 Depreciation and amortization     170,059       22,118       —         192,177  
 Selling, general and administrative expenses     2,481,579       1,827,947       —         4,309,526  
 Interest expense     53,382       53,383               106,765  
 Other expenses (income)     167,139       (9,445 )     —         157,694  
 Net loss   $ (553,582 )   $ (1,466,989 )   $ —       $ (2,020,571 )
                                 
 Capital expenditures   $ 70,958     $ 4,272     $ 2,073     $ 77,303