Quarterly report pursuant to Section 13 or 15(d)

Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes (Tables)

v2.4.1.9
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes (Tables)
 3 Months Ended
Mar. 31, 2015
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes  
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes

The following table reconciles operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes, as presented in the unaudited condensed consolidated income statements:

 

 

 

 

 

Three months ended March 31

 

 

 

 

2015

 

2014

Operating income (loss)

 

 

$

(183,317)

$

(90,469)

Gain recognized on purchase of majority interest in WCI

 

-

 

1,250,000

Interest income

 

 

 

2,389

 

-

Interest expense

 

 

 

(4,000)

 

(4,490)

Gain on investments

 

 

 

1,339

 

1,377

Other income

 

 

 

-

 

75

 

 

 

 

 

 

 

  Income before income taxes

 

 

$

(183,589)

$

1,156,493