9. OPERATING SEGMENTS

3 Months Ended

Sep. 30, 2013

During the period from inception through June 30, 2012, the Company operated as a single business segment. Starting July 1, 2012 the franchise segment was added. Table below reflects segment information for the three months ended September 30, 2013 and 2012:

	Operations			Franchise			Total
Three Months Ended September 30, 2013
Revenues	$	337,137		$	-		$	337,137
Franchise fees		-			-			-
Royalties		-			14,048			14,048
Total Revenues	$	337,137		$	14,048		$	351,185

Cost of revenues	$	268,637		$	-		$	268,637
Sales and marketing expenses		22,608			10,000			32,608
General and administrative expenses		86,198			10,640			96,838
Depreciation and amortization		2,540			-			2,540
Interest income		-			405			405
Net income/(loss)	$	(73,053	)	$	(6,189	)	$	(79,242	)

Three Months Ended September 30, 2012
Revenues	$	185,795		$	-		$	185,795
Franchise fees					35,000			35,000
Royalties					3,143			3,143
Total Revenues	$	185,795		$	38,143		$	223,938

Cost of revenues	$	143,760		$	-		$	143,760
Sales and marketing expenses		18,267			17,540			35,807
General and administrative expenses		209,680			16,703			226,383
Depreciation and amortization		3,162			-			3,162
Interest income		-			478			478
Net income/(loss)	$	(280,974	)	$	4,376		$	(276,598	)

As of September 30, 2013
Property and equipment, net	$	22,129		$	-		$	22,129
Total assets	$	176,449		$	43,791		$	220,240

As of June 30, 2013
Property and equipment, net	$	24,669		$	-		$	24,669
Total assets	$	161,721		$	53,828		$	215,519

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Firemans Contractors, Inc. 10-Q