Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019 and 2018:

 

    Three Months Ended March 31, 2019  
    United States                    
   

PDN

Network

   

NAPW

Network

    China
Operations
    Corporate
Overhead
    Consolidated  
                               
Membership fees and related services   $ -     $ 794,539     $ 34,881     $ -     $ 829,420  
Recruitment services     474,260       -       -       -       474,260  
Products sales and other     -       2,812       -       -       2,812  
Education and training     -       -       4,069               4,069  
Consumer advertising and marketing solutions     35,716       -       -       -       35,716  
Total revenues     509,976       797,351       38,950       -       1,346,277  
(Loss) income from continuing operations     (171,476 )     (107,731 )     (334,847 )     (587,975 )     (1,202,029 )
Depreciation and amortization     15,741       201,442       4,239       -       221,422  
Income tax expense (benefit)     (13,135 )     (8,129 )     -       (44,369 )     (65,633 )
Net (loss) income from continuing operations     (160,924 )     (99,602 )     (340,397 )     (543,606 )     (1,144,529 )
Capital expenditures     -       -       3,351       -       3,351  

 

    March 31, 2019  
Goodwill   $ 339,451     $ -     $ -     $ -     $ 339,451  
Intangible assets, net     90,400       747,374       -       -       837,774  
Assets from continuing operations     1,610,239       1,705,760       1,074,298       -       4,390,297  

 

    Three Months Ended March 31, 2018  
    United States                    
    PDN
Network
    NAPW
Network
    China
Operations
    Corporate
Overhead
    Consolidated  
                               
Membership fees and related services   $ -     $ 1,549,932     $ 62,289     $ -     $ 1,612,221  
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       68,760       -       2,313,498  
(Loss) income from continuing operations     (67,204 )     (766,055 )     (351,117 )     (912,775 )     (2,097,151 )
Depreciation and amortization     16,987       658,433       4,341       -       679,761  
Income tax expense (benefit)     (8,773 )     (109,639 )     -       (130,638 )     (249,050 )
Net (loss) income from continuing operations     (52,524 )     (656,416 )     (333,576 )     (782,137 )     (1,824,653 )
Capital expenditures     -       -       -       -       -  

 

    December 31, 2018  
Goodwill   $ 339,451     $ -     $ -     $ -     $ 339,451  
Intangible assets, net     90,400       930,543       -       -       1,020,943  
Assets from continuing operations     1,654,346       1,970,594       1,486,891       -       5,111,831