Quarterly report pursuant to Section 13 or 15(d)

15. Segment Information (Tables)

v3.5.0.2
15. Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Operating segment information

    Three months ended September 30, 2016      
    Carrier Services     Business Services     Corporate     Consolidated  
Revenues   $ 8,864,791     $ 20,632,338     $ -     $ 29,497,129  
Cost of revenues (exclusive of depreciation and amortization)     8,487,912       8,281,675       -       16,769,587  
Gross profit     376,879       12,350,663       -       12,727,542  
Depreciation and amortization     38,094       2,747,822       212,712       2,998,628  
Selling, general and administrative expenses     653,462       9,547,547       1,207,039       11,408,048  
Interest expense     -       1,551,534       73,661       1,625,195  
Gain on change in fair value of derivative liability     -       -       (152,057 )     (152,057 )
Other expenses (income)     -       247,070       (265,139 )     (18,069 )
Provision for income taxes     -       10,951       -       10,951  
Net loss   $ (314,677 )   $ (1,754,261 )   $ (1,076,216 )   $ (3,145,154 )
Total assets   $ 3,783,321     $ 90,027,291     $ 2,312,655     $ 96,123,267  
                                 

 

    Nine months ended September 30, 2016             
    Carrier Services     Business Services     Corporate     Consolidated  
Revenues   $ 30,711,086       62,390,749     $ -     $ 93,101,835  
Cost of revenues (exclusive of depreciation and amortization)     29,341,982       24,594,096       -       53,936,078  
Gross profit     1,369,104       37,796,653       -       39,165,757  
Depreciation and amortization     116,102       8,128,378       702,301       8,946,781  
Selling, general and administrative expenses     2,119,119       28,052,965       3,930,763       34,102,847  
Interest expense     -       4,647,847       229,981       4,877,828  
Gain on change in fair value of derivative liability     -       -       (380,099 )     (380,099 )
Other expenses (income)     -       764,308       (797,822 )     (33,514 )
Provision for income taxes             10,951               10,951  
Net loss   $ (866,117 )   $ (3,807,796 )   $ (3,685,124 )   $ (8,359,037 )
Capital expenditures   $ 41,584     $ 3,740,648     $ -     $ 3,782,232  

 

 

    Three months ended September 30, 2015        
    Carrier Services     Business Services     Corporate     Consolidated  
Revenues   $ 8,269,529     $ 16,261,295     $ -     $ 24,530,824  
Cost of revenues (exclusive of depreciation and amortization)     7,642,008       5,891,639       -       13,533,647  
Gross profit     627,521       10,369,656       -       10,997,177  
Depreciation and amortization     48,022       2,898,068       194,337       3,140,427  
Selling, general and administrative expenses     885,769       7,953,958       956,756       9,796,483  
Interest expense     -       1,332,719       102,015       1,434,734  
Gain on change in fair value of derivative liability     -       -       (1,237,730 )     (1,237,730 )
Loss on extinguishment of debt     -       2,538,272       182,083       2,720,355  
Other expenses (income)     -       243,420       (241,021 )     2,399  
Net (loss) income   $ (306,270 )   $ (4,596,781 )   $ 43,560     $ (4,859,491 )
Total assets   $ 4,639,835     $ 59,128,769     $ 3,128,866     $ 66,897,470  
                                 

 

 

    Nine months ended September 30, 2015           
    Carrier Services     Business Services     Corporate     Consolidated  
Revenues   $ 25,767,099     $ 49,090,458     $ -     $ 74,857,557  
Cost of revenues (exclusive of depreciation and amortization)     23,540,573       17,819,382       -       41,359,955  
Gross profit     2,226,526       31,271,076       -       33,497,602  
Depreciation and amortization     138,944       8,809,670       235,018       9,183,632  
Selling, general and administrative expenses     2,619,818       23,684,671       3,074,707       29,379,196  
Interest expense     -       4,457,080       193,206       4,650,286  
Gain on change in fair value of derivative liability     -       -       (2,543,878 )     (2,543,878 )
Loss on extinguishment of debt     -       2,538,272       182,083       2,720,355  
Other expenses (income)     -       591,691       (648,060 )     (56,369 )
Net loss   $ (532,236 )   $ (8,810,308 )   $ (493,076 )   $ (9,835,620 )
Capital expenditures   $ 69,905     $ 2,409,430     $ -     $ 2,479,335