SEGMENT REPORTING

3 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 12 – SEGMENT REPORTING

Description of segments

During the six months ended June 30, 2013, the Company had operated in two reportable segments: accounts receivable financing and wholesale sales. Prior to April 1, 2013, the Company was receiving fees as the agent of record for fees pursuant to the ACS agreement. Beginning in the quarter ended June 30, 2013, the Company began wholesaling products (Chillo drinks). The accounting policies of the segments are the same as those described in the Note 1.  The Company’s reportable segments are strategic business units that offer products. 

For the six months ended June 30, 2013, segment results are as follows:

		Processing fees		Wholesale		Corporate			Total
Net revenues	$	49,818	$	38,267	$	—		$	88,085
Cost of sales		—		24,369		—			24,369
Operating costs		47,900		9,714		232,371			289,985
Other non-cash items:
Stock-based compensation		—		—		3,221,015			3,221,015
Other expense		—		—		152,853			152,853
Segment gain or ( loss)		1,918		4,184		(3,606,239	)		(3,600,137	)
Segment assets		—		42,837		141,724			184,561