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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2016
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 7– SEGMENT REPORTING

 

The Company classifies its business interests into two reportable segments, which are Trxade and Westminster. Trxade is our web based market platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services, and Westminster provides pharmacies and other buying groups with pharmaceuticals.

 

 

Three months ended June 30, 1016

 

Six months ended June 30, 2016

 

2016

 

2015

 

2016

 

2015

Revenues

 

 

 

 

 

 

 

 

 

 

 

Trxade

$

585,495

 

$

676,233

 

$

1,217,261

 

$

1,179,936

Westminster

$

1,100,655

 

$

380,930

 

$

2,303,219

 

$

508,570

 

 

 

 

 

 

 

 

 

 

 

 

Segment Profit/Loss

 

 

 

 

 

 

 

 

 

 

 

Trxade

$

(231,179)

 

$

160,382

 

$

(368,852)

 

$

65,730

Westminster

$

(772,844)

 

$

(210,581)

 

$

(1,100,590)

 

$

(544,156)

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Trxade

$

345,526

 

$

470,225

 

 

 

 

 

 

Westminster

$

993,048

 

$

769,384

 

 

 

 

 

 

 

Corporate Overhead was allocated based on revenue, and amounted to $(634,397) and $(237,027) for the three months June 30, 2016 and 2015, respectively. The amount was $(936,473) and $(494,631) for the six months ended June 30, 2016.