Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS OF BUSINESS

v2.4.0.8
SEGMENTS OF BUSINESS
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
12.
SEGMENTS OF BUSINESS
 
We announced our intention to exit investment management and consulting services businesses in the first quarter of fiscal 2013 and completed the exit during the second quarter of 2013. Accordingly, at December 31, 2013, we no longer report by segment.
 
The following are revenues, and operating loss for the three months ended March 31, 2014 and 2013 by geographic area and long-lived assets as of March 31, 2014 and December 31, 2013 by geographic area:
 
Three months ended March 31, 2014 and 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue:
 
2014
 
2013
 
United States
 
$
2,860,718
 
$
25,000
 
South Africa
 
 
1,641,086
 
 
1,436,037
 
Europe
 
 
1,070,134
 
 
206,085
 
 
 
$
5,571,938
 
$
1,667,122
 
 
 
 
 
 
 
 
 
Net loss:
 
2014
 
2013
 
United States
 
$
(1,356,599)
 
$
(612,106)
 
South Africa
 
 
(81,700)
 
 
(63,095)
 
Europe
 
 
(12,011)
 
 
(62,642)
 
 
 
$
(1,450,310)
 
$
(737,843)
 
As of March 31, 2014 and December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-lived assets, end of period:
 
2014
 
2013
 
United States
 
$
16,686,598
 
$
11,065,386
 
South Africa
 
 
2,102,704
 
 
2,191,584
 
Europe
 
 
4,004,818
 
 
4,029,985
 
Australia
 
 
1,001,269
 
 
941,963
 
Brazil
 
 
145,555
 
 
145,555
 
 
 
$
23,940,944
 
$
18,374,473