Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

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

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Three Months Ended
September 30, 2022		  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 152,462     $ -     $ -     $ 152,462  
Recruitment services     1,165,213       -       -       -       1,165,213  
Contracted software development     -       -       757,492       -       757,492  
Consumer advertising and marketing solutions     39,328       -       -       -       39,328  
Total revenues     1,204,541       152,462       757,492       -       2,114,495  
Income (loss) from continuing operations     (77,907 )     (261,132 )     (266,161 )     (505,436 )     (1,110,636 )
Depreciation and amortization     7,475       19,597       205,676       -       232,748  
Income tax expense (benefit)     (1,895 )     (10,410 )     -       (13,174 )     (25,479 )
Net income (loss) from continuing operations     (74,971 )     (250,689 )     (277,318 )     (492,262 )     (1,095,240 )

 

    As of
September 30, 2022		  
Goodwill   $ 339,451     $ -     $ 935,334     $ -     $ 1,274,785  
Intangibles assets, net     90,400       152,415       1,667       -       244,482  
Assets from continuing operations     6,577,544       504,675       (216,457 )     -       6,865,762  

 

    Network     NAPW Network     RemoteMore     Overhead     Consolidated  
    Three Months Ended
September 30, 2021		  
    PDN     NAPW           Corporate        
    Network    

Network

     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 240,048     $ -     $ -     $ 240,048  
Recruitment services     1,368,440       -       -       -       1,368,440  
Contracted software development     -       -       19,010       -       19,010  
Consumer advertising and marketing solutions     55,517       -       -       -       55,517  
Total revenues     1,423,957       240,048       19,010       -       1,683,015  
Income (loss) from continuing operations     692,356       (167,696 )     (34,488 )     (582,674 )     (92,502 )
Depreciation and amortization     5,875       23,793       -       -       29,668  
Income tax (benefit) expense     7,406       (2,276 )     -       (6,854 )     (1,724 )
Net loss from continuing operations     687,343       (165,421 )     (34,488 )     (575,820 )     (88,385 )

 

 

    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  
    Nine Months Ended September 30, 2022  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 509,906     $ -     $ -     $ 509,906  
Recruitment services     3,839,608       -       -       -       3,839,608  
Contracted software development     -       -       1,882,452       -       1,882,452  
Consumer advertising and marketing solutions     130,916       -       -       -       130,916  
Total revenues     3,970,524       509,906       1,882,452       -       6,362,882  
Income (loss) from continuing operations     372,156       257,213       (919,883 )     (1,763,388 )     (2,053,902 )
Depreciation and amortization     20,589       58,556       666,912       -       746,057  
Income tax expense (benefit)     15,983       (4,769 )     -       (46,934)       (35,720 )
Net income (loss) from continuing operations     361,489       262,192       (944,928 )     (1,716,454 )     (2,037,701 )

 

    Network     Other     RemoteMore     Overhead     Consolidated  
    Nine Months Ended September 30, 2021  
    PDN                 Corporate        
    Network     Other     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 764,470     $ -     $ -     $ 764,470  
Recruitment services     3,695,205       -       -       -       3,695,205  
Contracted software development     -       -       19,010       -       19,010  
Consumer advertising and marketing solutions     149,347       -       -       -       149,347  
Total revenues     3,844,552       764,470       19,010       -       4,628,032  
Income (loss) from continuing operations     1,298,391       (585,575 )     (34,488 )     (2,135,833 )     (1,457,507 )
Depreciation and amortization     9,472       78,879       -       -       88,351  
Income tax expense (benefit)     16,837       (8,011 )     -       (27,593 )     (18,767 )
Net income (loss) from continuing operations     1,286,681       (577,565 )     (34,488 )     (2,108,240 )     (1,433,612 )