Note 17 - Segment Information

12 Months Ended

Dec. 31, 2011

Segment Reporting Disclosure [Text Block]

Note 17.     Segment Information

As disclosed earlier, during fiscal year 2011, we acquired two sports-related businesses and one oilfield servicing business. We currently operate in these two segments: Sports-Related and Oilfield Services. These segments are based on the product and/or service provided by the subsidiaries. The Company’s general operations still exist as it continues to explore additional capital redeployment opportunities.

We currently report our business in two reportable segments, consisting of:

Sports-Related Services: provides services related to marketing and providing baseball facility services, including training camps, summer camps, leagues and tournaments, concession and catering events and other events and related websites. In addition, we outfit little league baseball and softball players and coaches in official Major League Baseball uniforms.

Oilfield Servicing: provides technological advances in horizontal drilling and hydraulic fracturing. Services include snubbing services (controlled installation and removal of all tubulars - drill strings and production strings) in and out of the wellbore with the well under full pressure, flowtesting, and hydraulic work over/simultaneous operations (allows customers to perform multiple tasks on multiple wells on one pad at the same time)

Segment information as of December 31, 2011 and for the fiscal year then ended is as follows:

	Sports			Oilfield		General
	Related			Servicing		Corporate			Consolidated
	(in thousands)
Net revenues	$	1,176		$	1,417	$	-		$	2,593
Operating income (loss)	$	(640	)	$	165	$	(8,322	)	$	(8,797	)
Total assets	$	8,697		$	32,228	$	327,766		$	368,691
Accounts receivable	$	156		$	4,504	$	-		$	4,660
Property and equipment, net	$	5,866		$	15,194	$	-		$	21,060