Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Information

The following tables present key financial information of the Company’s reportable segments as of March 31, 2020 and December 31, 2019 and for the three months ended March 31, 2020 and 2019:

 

    Three Months Ended March 31, 2020  
    PDN     NAPW     Corporate        
    Network     Network     Overhead     Consolidated  
Membership fees and related services   $ -     $ 383,831     $ -     $ 383,831  
Recruitment services     566,687       -       -       566,687  
Products sales and other     -       1,431       -       1,431  
Consumer advertising and marketing solutions     30,348       -       -       30,348  
Total revenues     597,035       385,262       -       982,297  
Loss from continuing operations     (150,024 )     (68,110 )     (1,210,870 )     (1,429,004 )
Depreciation and amortization     14,675       37,326       -       52,001  
Income tax benefit     (951 )     (407 )     (4,551 )     (5,909 )
Net loss from continuing operations     (148,409 )     (67,703 )     (1,206,319 )     (1,422,431 )

 

    As of March 31, 2020  
Goodwill   $ 339,451     $ -     $ -     $ 339,451  
Intangibles assets, net     90,400       342,933       -       433,333  
Assets from continuing operations     2,625,138       1,242,192       -       3,867,330  

 

    Three Months Ended March 31, 2019  
    PDN     NAPW     Corporate        
    Network     Network     Overhead     Consolidated  
Membership fees and related services   $ -     $ 794,539     $ -     $ 794,539  
Recruitment services     474,260       -       -       474,260  
Products sales and other     -       2,812       -       2,812  
Consumer advertising and marketing solutions     35,716       -       -       35,716  
Total revenues     509,976       797,351       -       1,307,327  
Loss from continuing operations     (171,416 )     (107,731 )     (587,975 )     (867,122 )
Depreciation and amortization     15,741       201,442       -       217,183  
Income tax benefit     (8,129 )     (13,135 )     (44,369 )     (65,633 )
Net loss from continuing operations     (160,924 )     (99,602 )     (543,606 )     (804,132 )

 

    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