Quarterly report pursuant to Section 13 or 15(d)

Investment in At Equity

Investment in At Equity
6 Months Ended
Jun. 30, 2014
Joint Venture [Abstract]  
Investment in At Equity

Note 5 – Investment in At Equity


The Company has a 50% non-controlling ownership interest in Secure Infrastructure & Services, LLC who provides infrastructure-as-a-Service (IaaS) for IBM iSeries and AIX v7 systems, Power HA services and network infrastructure hardware and services as needed to support the IaaS and PowerHA implementation and ongoing needs for customers and services sold under the Company. ASC 810 requires the Company to evaluate non-consolidated entities periodically and as circumstances change to determine if an implied controlling interest exists. During Fiscal 2013, the Company evaluated this equity investment and concluded that this is a variable interest entity and the Company is not the primary beneficiary. Secure Infrastructure & Services, LLC's fiscal year end is December 31.


The following presents unaudited summary financial information for Secure Infrastructure & Services, LLC. Such summary financial information has been provided herein based upon the individual significance of this unconsolidated equity investment to the consolidated financial information of the Company.


    June 30, 
Current assets   $ 351,159  
Non-current assets   $ 31,342  
Current liabilities   $ 346,188  
Members' equity   $ 36,313


The investment balance carried on the Company's balance sheet amounts to $0 as of June 30, 2014.


    Six Months 
June 30, 
Net sales   $ 385,894  
Gross profit   $ 335,407  
Operating expenses   $ 328,832  
Net ordinary income   $ 6,575  
Other income   $ 32,500  
Net income(loss)   $ 39,075  


The Company's share of the net income from Secure Infrastructure & Services, LLC for the six months ended June 30, 2014 was $19,538.