Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.8.0.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Information

The following tables present key financial information of the Company’s reportable segments as of and for the three months ended March 31, 2018 and 2017:

 

    Three Months Ended March 31, 2018  
    United States                    
   

PDN

Network

    

NAPW

Network

     Noble Voice     China Operations     Corporate Overhead     Consolidated  
                                     
Membership fees and related services   $ -     $ 1,549,932     $ -     $ 62,289     $ -     $ 1,612,221  
Lead generation     -       -       1,234,718       -       -       1,234,718  
Recruitment services     621,415       -       -       -       -       621,415  
Products sales and other     -       3,657       -       -       -       3,657  
Education and training     -       -       -       6,471       -       6,471  
Consumer advertising and marketing solutions     69,734       -       -       -       -       69,734  
Total revenues     691,149       1,553,589       1,234,718       68,760       -       3,548,216  
Loss from operations     (67,204 )     (766,055 )     (244,796 )     (351,117 )     (912,775 )     (2,341,947 )
Depreciation and amortization     16,987       658,433       21,589       4,341       -       701,350  
Income tax expense (benefit)     (8,773 )     (109,639 )     (35,036 )     -       (130,638 )     (284,086 )
Net loss     (52,524 )     (656,416 )     (209,760 )     (333,576 )     (782,137 )     (2,034,413 )
Capital expenditures     -       -       -               -       -  

 

    March 31, 2018  
Goodwill   $ 339,451     $ 5,250,699     $ -     $ -     $ -     $ 5,590,150  
Intangible assets, net     90,400       5,555,206       100,000       -       -       5,745,606  
Total assets     1,765,961       12,061,120       1,067,580       2,499,200       -       17,393,861  

 

    Three Months Ended March 31, 2017  
    United States                    
    PDN Network     NAPW Network     Noble Voice     China
 Operations 		    Corporate Overhead     Consolidated  
                                     
Membership fees and related services   $ -     $ 2,815,496     $ -     $ -     $ -     $ 2,815,496  
Lead generation     -       -       1,724,167       -       -       1,724,167  
Recruitment services     658,544       -       -       -       -       658,544  
Products sales and other     -       46,368       -       -       -       46,368  
Education and training     -       -       -       324,204       -       324,204  
Consumer advertising and marketing solutions     65,702       -       -       -       -       65,702  
Total revenues     724,246       2,861,864       1,724,167       324,204       -       5,634,481  
(Loss) income from operations     (78,770 )     (1,243,301 )     (214,632 )     46,493       (2,201,184 )     (3,691,394 )
Depreciation and amortization     46,829       739,126       49,875       -       -       835,830  
Income tax expense (benefit)     (15,507 )     (217,205 )     (37,496 )     52,469       (384,547 )     (602,286 )
Net loss     (73,412 )     (1,026,096 )     (177,136 )     (8,300 )     (1,816,637 )     (3,101,581 )
Capital expenditures     5,554       3,814       341       31,854       -       41,563  

 

    March 31, 2017  
Goodwill   $ 339,451     $ 19,861,739     $ -     $ -     $ -     $ 20,201,190  
Intangible assets, net     90,400       8,136,606       239,333       -       -       8,466,339  
Total assets     6,503,219       30,978,114       1,968,654       514,101       -       39,964,088