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SEGMENT REPORTING
 12 Months Ended
Apr. 30, 2014
Segment Reporting  
SEGMENT REPORTING
NOTE 16 - SEGMENT REPORTING
 
The Company's reportable segments are determined and reviewed by management based upon the nature of the services, the external customers and customer industries and the sales and distribution methods used to market the products. Management evaluates performance based upon income (loss) before income taxes. Corporate includes corporate salaries and external professional fees, such as accounting, legal and investor relations costs which are not allocated to the other segments. Corporate assets primarily include cash and cash equivalents and prepaid expenses.
 
As part of the acquisition of the BTX Software and the expected addition of a related new line of business, we have reorganized the operating segments to correspond to the primary service lines: communications infrastructure contracting services and Bitcoin trading platform. Accordingly, the Company has reclassified the reporting of its segment results under these two reporting segments in this Form 10-K for the years ended April 30, 2014 and 2013.
 
The segment information presented below contains the operating results for the continuing operations only. The Lakewood, Hartford Australia and Seattle Operations are reported as discontinued operations, and were previously reported in the contracting services segment. Segment results for the years ended April 30, 2014 and 2013 are as follows:
  
 
 
As of and for the Year Ended April 30, 2014
 
 
 
Corporate
 
Contracting 
Services
 
Bitcoin
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
-
 
$
21,264,288
 
$
-
 
$
21,264,288
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
7,887
 
$
744,222
 
$
-
 
$
752,109
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income before income taxes from continuing operations
 
$
(11,200,577)
 
$
483,163
 
$
(442,624)
 
$
(11,160,038)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
7,288,787
 
$
10,716,934
 
$
4,016,005
 
$
22,021,726
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions of property and equipment
 
$
-
 
$
104,067
 
$
3,191,006
 
$
3,295,073
 
  
 
 
As of and for the Year Ended April 30, 2013
 
 
 
Corporate
 
Contracting 
Services
 
Bitcoin
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
-
 
$
24,774,876
 
$
-
 
$
24,774,876
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
30,963
 
$
885,486
 
$
-
 
$
916,449
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
(7,585,651)
 
$
2,517,990
 
$
-
 
$
(5,067,661)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
8,640,158
 
$
9,504,808
 
$
-
 
$
18,144,966
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions of property and equipment
 
$
-
 
$
833,609
 
$
-
 
$
833,609
 
 
As of and for the years ended April 30, 2014 and 2013, the contracting services segment includes approximately $5,513,000 (25.9%) and $5,258,000 (21.2%), respectively in revenue and approximately $4,225,000 and $4,017,000, respectively, of total assets held in China related to the Company’s 60% interest in the China Operations.