| Schedule of Segment Information |
The following tables present key financial information
of the Company’s reportable segments as of and for the years ended December 31, 2020 and 2019:
| |
|
Year Ended December 31, 2020 |
|
| |
|
PDN |
|
|
NAPW |
|
|
Corporate |
|
|
|
|
| |
|
Network |
|
|
Network |
|
|
Overhead |
|
|
Consolidated |
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
1,345,707 |
|
|
$ |
- |
|
|
$ |
1,345,707 |
|
| Recruitment services |
|
|
2,962,275 |
|
|
|
- |
|
|
|
- |
|
|
|
2,962,275 |
|
| Products sales and other |
|
|
- |
|
|
|
4,820 |
|
|
|
- |
|
|
|
4,820 |
|
| Consumer advertising and marketing solutions |
|
|
143,934 |
|
|
|
- |
|
|
|
- |
|
|
|
143,934 |
|
| Total revenues |
|
|
3,106,209 |
|
|
|
1,350,527 |
|
|
|
- |
|
|
|
4,456,736 |
|
| Income (loss) from continuing operations |
|
|
197,739 |
|
|
|
(543,706 |
) |
|
|
(4,499,250 |
) |
|
|
(4,845,217 |
) |
| Depreciation and amortization |
|
|
32,885 |
|
|
|
137,017 |
|
|
|
- |
|
|
|
169,902 |
|
| Income tax expense (benefit) |
|
|
9,119 |
|
|
|
(4,797 |
) |
|
|
(39,537 |
) |
|
|
(35,215 |
) |
| Net income (loss) from continuing operations |
|
|
840,660 |
|
|
|
(538,909 |
) |
|
|
(4,459,713 |
) |
|
|
(4,157,962 |
) |
| |
|
As of December 31, 2020 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangibles assets, net |
|
|
90,400 |
|
|
|
285,778 |
|
|
|
- |
|
|
|
376,178 |
|
| Assets from continuing operations |
|
|
4,455,262 |
|
|
|
1,126,005 |
|
|
|
- |
|
|
|
5,581,267 |
|
| |
|
Year Ended December 31, 2019 |
|
| |
|
PDN |
|
|
NAPW |
|
|
Corporate |
|
|
|
|
| |
|
Network |
|
|
Network |
|
|
Overhead |
|
|
Consolidated |
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
2,428,060 |
|
|
$ |
- |
|
|
$ |
2,428,060 |
|
| Recruitment services |
|
|
2,450,742 |
|
|
|
- |
|
|
|
- |
|
|
|
2,450,742 |
|
| Products sales and other |
|
|
- |
|
|
|
5,644 |
|
|
|
- |
|
|
|
5,644 |
|
| Consumer advertising and marketing solutions |
|
|
140,766 |
|
|
|
- |
|
|
|
- |
|
|
|
140,766 |
|
| Total revenues |
|
|
2,591,508 |
|
|
|
2,433,704 |
|
|
|
- |
|
|
|
5,025,212 |
|
| Loss from continuing operations |
|
|
(357,067 |
) |
|
|
(272,528 |
) |
|
|
(2,366,540 |
) |
|
|
(2,996,135 |
) |
| Depreciation and amortization |
|
|
62,064 |
|
|
|
641,653 |
|
|
|
- |
|
|
|
703,717 |
|
| Income tax (benefit) expense |
|
|
(162,281 |
) |
|
|
46,778 |
|
|
|
(61,998 |
) |
|
|
(177,501 |
) |
| Net (loss) income from continuing operations |
|
|
(168,281 |
) |
|
|
(319,306 |
) |
|
|
(2,304,542 |
) |
|
|
(2,792,129 |
) |
| |
|
As of December 31, 2019 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangibles assets, net |
|
|
90,400 |
|
|
|
361,985 |
|
|
|
- |
|
|
|
452,385 |
|
| Assets from continuing operations |
|
|
2,151,734 |
|
|
|
1,254,693 |
|
|
|
- |
|
|
|
3,406,427 |
|
|