| Schedule of financial information by reportable segment |
The following tables present financial information of the Company's reportable segments for the quarters ended March 31, 2013 and 2012. The "eliminations" column includes all intercompany eliminations for consolidated purposes. | | | | | | For the quarter ended March 31, 2013 | | | Description | | Mobile Commerce Payment Processing Services | | | Online Businesses | | | Eliminations | | | Totals | | | Net revenues | | $ | 868,151 | | | $ | 6,364 | | | $ | - | | | $ | 874,515 | | | Cost of revenues | | | (264,504 | ) | | | (10,962 | ) | | | - | | | | (275,466 | ) | | General and administrative | | | (229,199 | ) | | | (2,839,126 | ) | | | - | | | | (3,068,325 | ) | | Allocations | | | (125,074 | ) | | | 125,074 | | | | - | | | | - | | | Provision for loan losses | | | (406,585 | ) | | | - | | | | - | | | | (406,585 | ) | | Depreciation and amortization | | | - | | | | (43,075 | ) | | | - | | | | (43,075 | ) | | Interest expense | | | (145,666 | ) | | | (104,904 | ) | | | - | | | | (250,570 | ) | | Intercompany interest income (expense) | | | (253,758 | ) | | | 253,758 | | | | - | | | | - | | | Other expense | | | - | | | | (80,541 | ) | | | - | | | | (80,541 | ) | | Income tax provision | | | - | | | | - | | | | - | | | | - | | | Non-controlling interest | | | (660 | ) | | | 16,876 | | | | - | | | | 16,216 | | | Net Loss | | $ | (557,295 | ) | | $ | (2,676,536 | ) | | $ | - | | | $ | (3,233,831 | ) | | Assets | | $ | 21,582,901 | | | $ | 2,219,908 | | | $ | - | | | $ | 23,802,809 | | | Short Term Loans | | $ | 8,513,311 | | | $ | - | | | $ | - | | | $ | 8,513,311 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the quarter ended March 31, 2012 | | | Description | | | Mobile Commerce Payment Processing Services | | | | Online Businesses | | | | Eliminations | | | | Totals | | | Net revenues | | $ | - | | | $ | 74,810 | | | $ | - | | | $ | 74,810 | | | Cost of revenues | | | - | | | | (100,585 | ) | | | - | | | | (100,585 | ) | | General and administrative | | | - | | | | (4,017,747 | ) | | | - | | | | (4,017,747 | ) | | Allocations | | | - | | | | - | | | | - | | | | - | | | Depreciation and amortization | | | - | | | | (68,663 | ) | | | - | | | | (68,663 | ) | | Interest income (expense) | | | - | | | | (72,674 | ) | | | - | | | | (72,674 | ) | | Other Income (expense) | | | - | | | | (411,225 | ) | | | - | | | | (411,225 | ) | | Non-controlling interest | | | - | | | | 72,088 | | | | - | | | | 72,088 | | | Net Loss | | $ | - | | | $ | (4,523,996 | ) | | $ | - | | | $ | (4,523,996 | ) | |