Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Three Months Ended June 30, 2022  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 161,435     $ -     $ -     $ 161,435  
Recruitment services     1,341,031       -       -       -       1,341,031  
Contracted software development     -       -       647,868       -       647,868  
Consumer advertising and marketing solutions     45,173       -       -       -       45,173  
Total revenues     1,386,204       161,435       647,868       -       2,195,507  
Income (loss) from continuing operations     177,773       726,222       (275,443 )     (655,605 )     (27,053 )
Depreciation and amortization     6,892       19,527       205,618       -       232,037  
Income tax expense (benefit)     8,791       18,658       -       (11,902 )     15,547  
Net income (loss) from continuing operations     170,329       707,577       (287,050 )     (643,703 )     (52,937 )

 

    As of June 30, 2022  
Goodwill   $ 339,451     $ -     $ 935,334     $ -     $ 1,274,785  
Intangibles assets, net     90,400       171,467       207,204       -       469,071  
Assets from continuing operations     6,172,487       494,145       16,097       -       6,682,729  

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Three Months Ended June 30, 2021  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 259,786     $              -     $ -     $ 259,786  
Recruitment services     1,151,685       -       -       -       1,151,685  
Contracted software development     -       -       -       -       -  
Consumer advertising and marketing solutions     48,694       -       -       -       48,694  
Total revenues     1,200,379       259,786       -       -       1,460,165  
Income (loss) from continuing operations     293,211       (171,460 )     -       (663,279 )     (541,528 )
Depreciation and amortization     2,419       26,657       -       -       29,076  
Income tax benefit     (18,675 )     14,885       -       53,724       49,934  
Net loss from continuing operations     313,443       (186,051 )     -       (717,003 )     (589,612 )

 

 

    As of December 31, 2021  
Goodwill   $ 339,451     $ -     $ 935,334     $ -     $ 1,274,785  
Intangibles assets, net     90,400       209,570       668,311       -       968,281  
Assets from continuing operations     7,596,499       684,881       501,198       -       8,782,578  

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Six Months Ended June 30, 2022  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 357,444     $ -     $ -     $ 357,444  
Recruitment services     2,674,395       -       -       -       2,674,395  
Contracted software development     -       -       1,124,960       -       1,124,960  
Consumer advertising and marketing solutions     91,588       -       -       -       91,588  
Total revenues     2,765,983       357,444       1,124,960       -       4,248,387  
Income (loss) from continuing operations     450,063       (518,345 )     (653,722 )     (1,257,952 )     (943,266 )
Depreciation and amortization     13,114       38,959       461,236       -       513,309  
Income tax expense (benefit)     17,878       5,641       -       (33,760 )     (10,241 )
Net income (loss) from continuing operations     436,460       512,881       (667,610 )     (1,224,192 )     (942,461 )

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Six Months Ended June 30, 2021  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 524,422     $               -     $ -     $ 524,422  
Recruitment services     2,326,765       -       -       -       2,326,765  
Contracted software development     -       -       -       -       -  
Consumer advertising and marketing solutions     93,830       -       -       -       93,830  
Total revenues     2,420,595       524,422       -       -       2,945,017  
Income (loss) from continuing operations     606,035       (417,879 )     -       (1,553,159 )     (1,365,005 )
Depreciation and amortization     3,597       55,086       -       -       58,683  
Income tax expense (benefit)     9,431       (5,735 )     -       (20,739 )     (17,043 )
Net income (loss) from continuing operations     599,338       (412,144 )     -       (1,532,420 )     (1,345,227 )