Segment Reporting

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Reporting

NOTE 12 – SEGMENT REPORTING

The Company operates within four 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, a Virtual ETC 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 17 and 18 customers for the periods ended September 30, 2018, and 2017, respectively. The Retail Unit had an average lines/customers of 7.606 and 7,208 for the periods ended September 30, 2018, and 2017, respectively. The Gross Profit per line for Wholesale was $3.19 and $2.46 for the nine month periods ended September 30, 2018, and 2017, respectively. The Gross Profit per line for Retail was $20.58 and $24.36 for the nine month periods ended September 30, 2018, and 2017, respectively. The Virtual ETC unit had average lines/phones of 17,871 and 3,132 for the nine month periods ended September 30, 2018, and 2017, respectively. The Gross profit per Virtual ETC line was ($1.51) and $.31 for the nine month periods ended September 30, 2018, and 2017, respectively.

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

	Wholesale		Retail		Virtual ETC		Gas & Oil		Total
For the nine months ended September 30, 2018
Revenue	$	1,679,859	$	2,249,981	$	3,661,378	$	-	$	7,591,218
Net Income (Loss)	$	(256,953)	$	490,927	$	(1,456,121)	$	(33,462)	$	(1,255,609)
Gain on Sale of Assets	$	-	$	318,257	$	-	$	-	$	318,257
Depreciation and amortization	$	45,264	$	27,646	$	99,440	$	33,462	$	206,172
Additions to property and equipment	$	-	$	-	$	-	$	-	$	-
For the three months ended September 30, 2018
Revenue	$	581,817	$	563,774	$	1,307,923	$	-	$	2,453,514
Net Income (Loss)	$	(98,198)	$	506,691	$	(358,164)	$	(4,012)	$	46,317
Gain on Sale of Assets	$	-	$	318,257	$	-	$	-	$	318,257
Depreciation and amortization	$	14,693	$	9,732	$	33,145	$	4,012	$	61,582
Additions to property and equipment	$	-	$	-	$	-	$	-	$	-
For the nine months ended September 30, 2017
Revenue	$	6,054,755	$	2,827,073	$	465,669	$	-	$	9,347,497
Net Loss	$	(471,492)	$	(761,291)	$	(4,171)	$	-	$	(1,236,954)
Depreciation and amortization	$	133,722	$	215,914	$	1,183	$	-	$	350,819
Additions to property and equipment	$	-	$	5,845	$	-	$	-	$	5,845
For the three months ended September 30, 2017
Revenue	$	1,550,227	$	948,355	$	176,081	$	-	$	2,674,663
Net Income (Loss)	$	(183,836)	$	(399,169)	$	28,839	$	-	$	(554,166)
Depreciation and amortization	$	112,199	$	186,348	$	1,183	$	-	$	299,730
Additions to property and equipment	$	-	$	-	$	-	$	-	$	-