Annual report pursuant to section 13 and 15(d)

Note 5 - Segment Information

v2.4.0.6
Note 5 - Segment Information
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
Note 5 - Segment Information

Note 5 – Segment Information

 

The Company has two reporting segments: debt portfolio management and intellectual property management. The debt portfolio segment purchases defaulted unsecured consumer receivables in the secondary market and generate revenue through collections utilizing an outsourced collection network and through the strategic resale of portfolios. The intellectual property management segment licenses various commercially desirable technologies and patents from companies that need operating capital or that need help commercializing their technology and sublicense such technology in designated territories. We have no intersegment sales or transfer. The Company’s reportable segments are strategic business units that offer different products and services. They are managed separately because each business requires different technology and marketing strategies. Most of the businesses were acquired as a unit, and the management at the time of the acquisition was retained.

 

For the year ended December 31, 2012, net revenues of $30,581 and $0, respectively, are contributed from our debt portfolio and intellectual property management segments. For the year ended December 31, 2012, operating losses of $706,230 and $1,440,315, respectively, are contributed from our debt portfolio and intellectual property management segments.

 

For the period from Inception (September 1, 2011) to December 31, 2011, net revenues of $0, are contributed from each of our debt portfolio and intellectual property management segments. For the period from Inception (September 1, 2011) to December 31, 2011, operating losses of $0 and $463,286, respectively, are contributed from our debt portfolio and intellectual property management segments.