Operating Segments (Tables)

9 Months Ended

Sep. 30, 2015

Operating Segments	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Revenue:
Halo Asset Management	$	425,429		$	219,125		$	942,148		$	1,101,544
Halo Portfolio Advisors		569,531			336,341			1,947,583			874,115
Other		30,000			—			133,894			—
Net revenue	$	1,024,960		$	555,466		$	3,023,625		$	1,975,659

Operating income (loss):
Halo Asset Management	$	366,583		$	70,014		$	682,695		$	502,426
Halo Portfolio Advisors		212,155			43,833			728,450			129,484
Other		—			—			—			—
Less: Corporate expenses (a)		(609,159	)		(522,573	)		(2,714,941	)		(1,592,792	)
Operating income (loss):	$	(30,421	)	$	(408,726	)	$	(1,303,796	)	$	(960,882	)

Corporate expenses include salaries, benefits and other expenses, including rent and general and administrative expenses, related to corporate office overhead and functions that benefit all operating segments. Corporate expenses also include interest expense. Corporate expenses are expenses that the Company does not directly allocate to any segment above. Allocating these indirect expenses to operating segments would require an imprecise allocation methodology. Further, there are no material amounts that are the elimination or reversal of transactions between the above reportable operating segments.

Halo Companies, Inc. 10-Q