SEGMENT REPORTING

9 Months Ended

Jan. 31, 2015

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 such items as corporate salaries and external professional fees for accounting, legal and investor relations, 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 BTX and the expected addition of a related new line of business, we reorganized our operating segments to correspond to the primary service lines: communications infrastructure contracting services and virtual currency trading platform. Accordingly, the Company reclassified the reporting of its segment results under these two reporting segments in this Form 10-Q for the three and nine months ended January 31, 2015 and 2014. However, during the third quarter of 2015, the Company sold BTX which previously was the Company’s sole operation comprising its virtual currency segment and as a result, the Company will have no future activity in that segment.

The segment information presented below contains the operating results for the continuing operations only. Segment results for the three and nine months ended January 31, 2015 and 2014 are as follows:

	For the three months ended January 31, 2015
			Contracting		Virtual
	Corporate		Services		Currencies			Total
Revenue	$	-	$	6,363,597	$	-	**	$	6,363,597
Depreciation and amortization	$	-	$	167,959	$	-	**	$	167,959
(Loss) income before income taxes from continuing operations	$	(3,243,232)	$	399,745	$	-	**	$	(2,843,487)
Total assets*	$	627,922	$	14,142,942	$	-	**	$	14,770,864
Disposals of property and equipment	$	-	$	(240,585)	$	-	**	$	(240,585)

* Excludes assets held for sale of $14,000

** BTX was sold on November 26, 2014

	For the three months ended January 31, 2014
			Contracting		Virtual
	Corporate		Services		Currencies		Total
Revenue	$	-	$	6,269,742	$	-	$	6,269,742
Depreciation and amortization	$	1,339	$	187,235	$	-	$	188,574
(Loss) income before income taxes from continuing operations	$	(3,206,398)	$	324,168	$	-	$	(2,882,230)
Total assets*	$	3,270,366	$	15,649,788	$	-	$	18,920,154
Additions of property and equipment	$	-	$	119,782	$	-	$	119,782

* Excludes assets held for sale of $3,456,000

	For the nine months ended January 31, 2015
			Contracting		Virtual
	Corporate		Services		Currencies			Total
Revenue	$	-	$	20,266,607	$	-	**	$	20,266,607
Depreciation and amortization	$	289	$	517,191	$	-	**	$	517,480
(Loss) income before income taxes from continuing operations	$	(8,886,536)	$	1,258,061	$	-	**	$	(7,628,475)
Total assets*	$	627,922	$	14,142,942	$	-	**	$	14,770,864
Disposals of property and equipment	$	-	$	(100,521)	$	-	**	$	(100,521)

* Excludes assets held for sale of $14,000

** BTX was sold on November 26, 2014

	For the nine months ended January 31, 2014
			Contracting
	Corporate		Services		Virtual Currencies		Total
Revenue	$	-	$	15,025,632	$	-	$	15,025,632
Depreciation and amortization	$	7,505	$	569,941	$	-	$	577,446
(Loss) income before income taxes from continuing operations	$	(10,279,655)	$	391,197	$	-	$	(9,888,458)
Total assets*	$	3,270,366	$	10,631,425	$	-	$	13,901,791
Additions of property and equipment	$	-	$	330,948	$	-	$	330,948

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