Note 14 - Segment Reporting

6 Months Ended

Jun. 30, 2013

Notes

Note 14 - Segment Reporting

NOTE 14 – SEGMENT REPORTING

The Company’s reportable segments of business include sale of consumer products and regional distribution rights.  Each of these segments is conducted in a separate corporation and each functions independently of the others. The Company has no sales between segments.

Financial information of the Company’s business segments is as follows:

	Six months ended June 30,
	2013	2012
Revenues from:
Sale of consumer products	-	2,111,765
Regional distribution rights	360,951	280,191
	360,951	2,391,956
Segment profit/(loss) from:
Sale of consumer products	(216,281)	569,972
Regional distribution rights	139,609	254,255
Corporate	(285,940)	(277,283)
	(362,612)	546,944
Depreciation and amortization expenses:
Sale of consumer products	64,160	48,760
Regional distribution services	44,980	36,211
Corporate	-	96
	109,140	85,067
Segment assets:
Sale of consumer products	3,901,207	4,309,655
Regional distribution services	2,708,763	1,121,265
Corporate		-
	6,609,970	5,430,920
Capital expenditure
Sale of consumer products	65,570	14,547
Regional distribution services	26,898	-
Corporate	-	-
	92,468	14,547