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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Note 11. SEGMENT INFORMATION

The Company follows FASB ASC 280, Segment Reporting, and currently has two reportable segments as follows:

 

a) Consulting Services

 

Through its wholly owned subsidiary TC, the Company receives revenues from a related party based on billings received from certain of its direct to consumer membership club products after merger on March 9, 2011. During the first quarter of 2012 and 2011 TC gross revenues totaled $301,704 and $0, respectively.

 

b) Recoverable Energy

 

Through its wholly owned subsidiary DEDC, the Company’s energy sector involves a plan for commencement of a business to develop, commercialize, and sell innovative technologies in the recoverable energy industry.

Financial information for each segment is presented in the following table. The accounting policies of each reportable segment are the same as those of the consolidated company, as described in Note 5, Summary of Significant Accounting Policies.

 

    Three Months Ended March 31,  
    2012     2011  
Operating income (loss)            
Consulting services   $ 197,298     $ -  
Recoverable energy     (419,059 )     (453,762 )
Total   $ (221,761 )   $ (453,762 )