Segment Reporting

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Reporting

NOTE 12 – SEGMENT REPORTING

The Company operates within three reportable segments. The Company’s management evaluates performance and allocates resources based on the profit or loss from operations. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Because the Company is a service business with very few physical assets, Management does not use total assets by segment to make decisions regarding operations, and therefore the total assets disclosure by segment has not been included.

The Company’s reportable segments consist of a Wholesale unit, a Retail unit, and Gas & Oil Operations. The Wholesale unit purchases bulk rate services at a discounted cost. The Wholesale unit then sells to providers that provide services to the end-user. The Retail unit provides these same services to the end-user.

The Wholesale unit had 19 and 24 customers for the periods ended March 31, 2018, and 2017, respectively. The Retail Unit had an average lines/customers of 19,518 and 12,366 for the periods ended March 31, 2018, and 2017, respectively. The Gross Profit per line for Wholesale was $2.41 and $1.72 for the periods ended March 31, 2018, and 2017, respectively. The Gross Profit per line for Retail was $5.41 and $10.38 for the three month periods ended March 31, 2018, and 2017, respectively.

The following table reflects the result of operations of the Company’s reportable segments:

	Wholesale		Retail		Gas & Oil		Total
For the Year Ended March 31, 2018
Revenue	$	671,508	$	1,721,847	$	-	$	2,393,355
Operating Loss	$	(163,267)	$	(339,323)	$	(25,438)	$	(528,027)
Depreciation and amortization	$	27,220	$	35,376	$	25,438	$	88,034
Additions to property and equipment	$	-	$	-	$	-	$	-
For the Year Ended March 31, 2017
Revenue	$	2,263,359	$	1,085,909	$	-	$	3,349,268
Operating Loss	$	(163,847)	$	(259,351)	$	-	$	(423,198)
Depreciation and amortization	$	14,068	$	22,269	$	-	$	36,337
Additions to property and equipment	$	-	$	5,845	$	-	$	5,845