Segment Reporting

9 Months Ended

Sep. 30, 2011

Segment Reporting

12.  Segment  Reporting:

The Company has two reportable segments, (i) Health and Safety Monitoring Systems (“HSMS”) and (ii) Telephone Based Communication Services (“TBCS”).

The table below provides a reconciliation of segment information to total consolidated information for the nine and three months ended September 30, 2011 and 2010:

2011
	HSMS			TBCS		Consolidated
Nine Months Ended September 30, 2011
Revenue	$	15,756,852		$	16,387,637	$	32,144,489
Income (loss) before provision for income taxes*		(24,153	)		1,942,038		1,917,885
Total assets		16,886,040			21,834,210		38,720,250
	HSMS			TBCS		Consolidated
Three Months Ended September 30, 2011
Revenue	$	5,327,687		$	5,865,502	$	11,193,189
Income (loss) before provision for income taxes*		(574,374	)		820,311		245,937

2010
	HSMS		TBCS		Consolidated
Nine Months Ended September 30, 2010
Revenue	$	15,412,503	$	14,220,277	$	29,632,780
Income before provision for income taxes*		2,148,705		1,271,276		3,419,981
Total assets		17,823,172		19,409,266		37,232,438
	HSMS		TBCS		Consolidated
Three Months Ended September 30, 2010
Revenue	$	5,178,607	$	4,830,781	$	10,009,388
Income before provision for income taxes*		242,563		448,143		690,706

* Income before provision for income taxes within the HSMS segment includes the Company’s share of equity in net loss from its investment in limited liability company and merger-related expenses as follows:

Equity in net loss from investment in limited liability company	September 30, 2011		September 30, 2010
Nine Months Ended	$	1,496,053	$	507,512
Three Months Ended	$	424,141	$	391,385

Merger-related expense	September 30, 2011		September 30, 2010
Nine Months Ended	$	980,000		-
Three Months Ended	$	625,950		-