SEGMENT REPORTING

6 Months Ended

Oct. 31, 2014

Segment Reporting

SEGMENT REPORTING

NOTE 10 - 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 virtual currency trading platform. Accordingly, the Company has reclassified the reporting of its segment results under these two reporting segments in this Form 10-Q for the three and six months ended October 31, 2014 and 2013.

The segment information presented below contains the operating results for the continuing operations only. Segment results for the three and six months ended October 31, 2014 and 2013 are as follows:

	For the three months ended October 31, 2014
			Contracting
	Corporate		Services		Virtual Currencies			Total
Revenue	$	-	$	7,132,218	$	146,935	**	$	7,279,153
Depreciation and amortization	$	-	$	175,551	$	267,912	**	$	443,463
(Loss) income before income taxes from continuing operations	$	(2,310,886)	$	295,949	$	(1,408,222)	**	$	(3,423,159)
Total assets*	$	5,084,968	$	10,331,537	$	2,057,545	**	$	17,474,050
Disposals of property and equipment	$	-	$	(19,320)	$	-	**	$	(19,320)

* Excludes asstes held for sale of $264,000

** Virtual Currencies was sold on November 26, 2014

	For the three months ended October 31, 2013
			Contracting
	Corporate		Services		Virtual Currencies		Total
Revenue	$	-	$	4,500,147	$	-	$	4,500,147
Depreciation and amortization	$	2,093	$	186,431	$	-	$	188,524
(Loss) income before income taxes from continuing operations	$	(623,318)	$	19,554	$	-	$	(603,764)
Total assets*	$	2,684,408	$	11,217,383	$	-	$	13,901,791
Additions of property and equipment	$	-	$	119,782	$	-	$	119,782

* Excludes asstes held for sale of $4,514,000

	For the six months ended October 31, 2014
			Contracting
	Corporate		Services		Virtual Currencies			Total
Revenue	$	-	$	13,903,010	$	147,027	**	$	14,050,037
Depreciation and amortization	$	289	$	349,232	$	536,487	**	$	886,008
(Loss) income before income taxes from continuing operations	$	(5,643,304)	$	858,316	$	(1,872,646)	**	$	(6,657,634)
Total assets*	$	5,084,968	$	10,331,537	$	2,057,545	**	$	17,474,050
Additions of property and equipment	$	-	$	140,064	$	-	**	$	140,064

* Excludes asstes held for sale of $264,000

** Virtual Currencies was sold on November 26, 2014

	For the six months ended October 31, 2013
			Contracting
	Corporate		Services		Virtual Currencies		Total
Revenue	$	-	$	8,755,890	$	-	$	8,755,890
Depreciation and amortization	$	6,166	$	382,706	$	-	$	388,872
(Loss) income before income taxes from continuing operations	$	(7,073,258)	$	282,367	$	-	$	(6,790,891)
Total assets*	$	2,684,408	$	11,217,383	$	-	$	13,901,791
Additions of property and equipment	$	-	$	211,166	$	-	$	211,166

* Excludes asstes held for sale of $4,514,000

As of and for the three months ended October 31, 2014 and 2013, the contracting services segment includes approximately $1,042,000 (14.6%) and $1,161,000 (25.8%), respectively in revenue and approximately $6,033,000 at October 31, 2014 of total assets held in China related to the Company’s 60% interest in the China Operations.

For the six months ended October 31, 2014 and 2013, the contracting services segment includes approximately $1,748,000 (12.6%) and $2,034,000 (23.2%), respectively in revenue related to the Company’s 60% interest in the China operations.