Annual report pursuant to section 13 and 15(d)

21. Segment Information (Tables)

v2.4.0.8
21. Segment Information (Tables)
12 Months Ended
Dec. 31, 2013
Segment Information Tables  
Operating segment information

    2013  
    Carrier Services     Business Services     Corporate and Unallocated     Consolidated  
 Revenues   $ 31,122,771     $ 30,373,849     $ -     $ 61,496,620  
 Cost of revenues (exclusive of                                
 depreciation and amortization)     27,842,245       14,874,931       -       42,717,176  
 Gross profit     3,280,526       15,498,918       -       18,779,444  
 Depreciation and amortization     222,943       3,261,932       87,099       3,571,974  
 Selling, general and administrative expenses     3,070,678       10,298,063       5,387,584       18,756,325  
 Interest expense     -       (2,300,237 )     (338,012 )     (2,638,249 )
 Loss on extinguishment of debt                     (1,105,283 )     (1,105,283 )
 Loss on change in fair value of derivative liability                     (598,292 )     (598,292 )
 Other income (expenses)     (180,948 )     104,548       53,403       (22,997 )
 Gain on extinguishment of accounts payable     2,883,660       -       -       2,883,660  
 Provision for income taxes     -       (26,887 )     (25,000 )     (51,887 )
 Net income (loss) from continuing operations   $ 2,689,617     $ (283,653 )   $ (7,487,867 )   $ (5,081,903 )
                                 
 Total assets   $ 3,021,463     $ 58,487,324     $ 7,441,874     $ 68,950,661  
                                 
 Capital expenditures   $ 180,415     $ 1,111,386     $ 15,548     $ 1,307,349  

 

    2012  
    Carrier Services     Business Services     Corporate and Unallocated     Consolidated  
 Revenues   $ 37,457,674     $ 6,829,835     $ -     $ 44,287,509  
 Cost of revenues (exclusive of                                
depreciation and amortization)     34,031,165       3,631,206       -       37,662,371  
 Gross profit     3,426,509       3,198,629       -       6,625,138  
 Depreciation and amortization     340,624       571,493       86,672       998,789  
 Selling, general and administrative expenses     3,299,648       3,491,077       3,648,242       10,438,967  
 Interest expense     -       (384,815 )     (238,645 )     (623,460 )
 Loss on extinguishment of debt                     (335,315 )     (335,315 )
 Loss on change in fair value of derivative liability                     799,500       799,500  
 Other income (expenses)     (337,749 )     26,197       34,857       (276,695 )
 Provision for income taxes     -                       -  
 Net loss from continuing operations   $ (551,512 )   $ (1,222,559 )   $ (3,474,517 )   $ (5,248,588 )
                                 
 Total assets   $ 2,235,099     $ 23,079,280     $ 1,754,048     $ 27,068,427  
                                 
 Capital expenditures   $ 107,121     $ 272,922     $ 18,933     $ 398,976