Segment Reporting

3 Months Ended

Mar. 31, 2018

10.

Segment Reporting

In accordance with FASB ASC 280, “Segment Reporting” ("ASC 280"), the Company discloses financial and descriptive information about its reportable operating segments. Operating segments are components of an enterprise about which separate financial information is available and regularly evaluated by the Company in deciding how to allocate resources and in assessing performance.

The Company follows ASC 280, which establishes standards for reporting information about operating segments in annual and interim financial statements and requires that companies report financial and descriptive information about their reportable segments based on a management approach. ASC 280 also establishes standards for related disclosures about products and services, geographic areas and major customers. The Company currently divides its operations into two operating segments: DropCar, Inc. which delivers it VAL platform and mobile application; and WPCS which specializes in the installation and service of low voltage communications.

The accounting policies of each of the segments are the same as those described in the Summary of Significant Accounting Policies. The Company evaluates performance based on revenue, gross profit contribution and assets employed. Corporate level operating costs are allocated to each segment in which they are incurred. These costs include corporate costs such as legal, audit, tax and other professional fees including those related to being a public company.

	As of and For the Three Months Ended March 31,
	2018		2017
DropCar Operating
Net Sales	$	1,692,075	$	638,558
Gross (Loss) Profit		(603,706)		149,344
(Loss)		(3,670,819)		(392,107)
Assets		6,254,001		1,209,767

WPCS
Net Sales		3,182,479		-
Gross Profit		856,203		-
Income		309,378		-
Assets		10,806,470		-

Consolidated
Net Sales		4,874,554		638,558
Gross Profit		252,497		149,344
(Loss)		(3,361,441)		(392,107)
Assets	$	17,060,471	$	1,209,767