14. Segment Information

9 Months Ended

Sep. 30, 2012

Segment Information

NOTE 14 - Segment Information

Each event and the Stratus White program is considered an operating segment pursuant to ASC 280 since each is budgeted separately and results of each event and the Stratus White program are tracked separately to provide the chief operating decision maker information to assess and manage each event and the Stratus White program.

The characteristics of the Stratus White program are different than the events, so that operating segment is considered a reporting segment.  The events share similar economic characteristics and are aggregated into a reporting segment pursuant to paragraph 17 of ASC 280.  All of the events provide entertainment and the logistics and production processes and methods for each event are similar:  sponsorship sales, ticket and concession sales, security, stages, public address systems and the like.  While the demographic characteristics of the audience can vary by event, all events cater to consumer entertainment.

A summary of results by segment is as follows:

	(Amounts in $000)
	As of/for the Nine Months Ended September 30, 2012												As of /for the Nine Months Ended September 30, 2011
	Credit Card			Events			Other			Total			Credit Card			Events			Other			Total
Revenues	$	–		$	375		$	–		$	375		$	–		$	250		$	–		$	250
Cost of sales		–			236			–			236			–			254			–			254
Gross loss		–			139			–			139			–			(4	)		–			(4	)
Deprec. & Amort		–			2			28			30			30			–			19			49
Segment gain/(loss)		–			137			(28	)		109			(30	)		(4	)		(19	)		(53	)
Operating expenses		263			803			7,264			8,360			175			717			6,926			7,818
Other expenses		–			68			1,029			1,096			–			–			325			325
Net loss	$	(263	)	$	(734	)	$	(8,321	)	$	(9,318	)	$	(205	)	$	(721	)	$	(7,270	)	$	(8,196	)
Assets	$	1,073		$	119		$	2,752		$	3,944		$	1,216		$	96		$	7,769		$	9,081
Liabilities	$	300		$	2,271		$	7,410		$	9,981		$	1,000		$	816		$	2,147		$	3,963