XML 32 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2013
Segment Information  
NOTE 9 - 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 three months ended September 30, 2013 and 2012, TC gross revenues totaled $0_ and $103,776, respectively, and during the nine months ended September 30, 2013 and 2012, TC gross revenues totaled $0 and $405,479, 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 September30,  
  2013   2012  
Operating expenses        
Consulting services   $       $ 34,990  
Recoverable energy             (317,302 )
Total   $       $ (268,939 )

 

  Nine Months Ended September30,  
  2013   2012  
Operating expenses        
Consulting services   $       $ 280,651  
Recoverable energy             (771,351 )
Total   $       $ (490,700 )