Business Segment Information

9 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Business Segment Information

Note 13. Business Segment Information

The Company follows the provisions of ASC 280, Segment Reporting, which established standards for the reporting of information about operating segments in annual and interim financial statements. Operating segments are defined as components of an enterprise for which financial information is available that is evaluated regularly by the chief operating decision makers(s) in deciding how to allocate resources and in assessing performance. In the past, the Company operated its subsidiaries (Morris Transportation and Smith Systems) as independent companies under separate management of their respective founders. Management of the Company makes decisions about allocating resources based on these operating segments. Since April, 1, 2011 the Company now operates all subsidiaries (including Morris Transportation and Smith Systems) under the same operating manager. The following tables depict the information expected by ASC 280:

	Revenue		Net Income (Loss)			Total Assets
Nine Months Ended
December 31, 2011
IFC	$	-	$	(11,306,473	)	$	4,130,375
Morris		8,637,933		36,143			4,207,055
Smith		6,914,000		284,515			3,366,821
	$	15,551,933	$	(10,985,815	)	$	11,704,251
December 31, 2010
IFC	$	-	$	(3,204,771	)	$	2,483,282
Morris		8,381,515		315,126			3,574,749
Smith		5,893,607		346,714			2,933,631
	$	14,275,122	$	(2,542,931	)	$	8,991,662