Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.3.1.900
Segment Information
12 Months Ended
Dec. 31, 2015
Segment Information [Abstract]  
Segment Information

16. Segment Information

 

Since the acquisition of Noble Voice on November 26, 2014 and the merger with NAPW on September 24, 2014, the Company operates in three segments: (i) PDN Network, (2) NAPW Network and (3) Noble Voice operations, which are based on its business activities and organization.

 

The following tables present key financial information of the Company's reportable segments as of and for the year ended December 31, 2015:


 

 

Year Ended December 31, 2015

 
 

PDN Network

 

NAPW Network

   

Noble Voice

   

Consolidated

                   

Membership fees and related services

    -
    24,962,795     -     24,962,795

Lead generation

    -
    -     9,499,203     9,499,203

Recruitment services

      3,123,537         -         -          3,123,537  

Product sales and other

    -
    748,648     -     748,648

Consumer advertising and marketing solutions

      280,043         -         -         280,043  

Total revenues

    3,403,580     25,711,443     9,499,203     38,614,226

Loss from operations

    (2,489,968 )     (30,289,825 )     (1,152,018 )     (33,931,811 )

Depreciation and amortization

    378,936     3,089,355     182,456     3,650,747

Income tax expense (benefit)

    2,429,932
    (429,316 )     (81,119 )     1,919,497

Capital expenditures

    -     39,463     44,774     84,237

Net loss

    (4,884,307 )     (29,860,509 )     (1,050,738 )     (35,795,554 )
               
   

At December 31, 2015

Goodwill

    $ 339,451     $ 19,861,739     $ -     $ 20,201,190

Intangible assets, net

    90,400     11,502,106     459,333     12,051,839

Total assets

    4,167,229     34,985,831     2,274,756     41,427,816

 

 


 

Year Ended December 31, 2014

 
 

PDN Network

 

NAPW Network

   

Noble Voice

   

Consolidated

                   

Membership fees and related services

    -     5,932,138     -     5,932,138

Lead generation revenue

    -     -     1,061,041     1,061,041

Recruitment services

      2,920,791         -         -         2,920,791  

Product sales and other revenue

    -     237,818     -     237,818

Consumer advertising and consumer marketing solutions revenue

      1,491,943         -         -         1,491,943  

Total revenues

    4,412,734     6,169,956     1,061,041     11,643,731

(Loss) income from operations

    (3,609,397 )     (2,417,068 )     428,895     (5,597,570 )

Depreciation and amortization

    369,314     700,099     15,038     1,084,451

Income tax (benefit) expense

    (3,320,079 )     258,831     (410 )     (3,062,108 )

Capital expenditures

    37,850     -     -     37,850

Net (loss) income

    (1,411,932 )     (2,675,449 )     429,305     (3,658,076 )
               
   

At December 31, 2014

Goodwill

    $ 735,328     $ 44,445,203     $ -     $ 45,180,531

Intangible assets, net

    90,400     14,208,492     635,333     14,934,225

Total assets

    9,059,403     62,213,575     3,319,494     74,592,472