Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

The following tables present key financial information of the Company's reportable segments as of and for the three and nine months ended September 30, 2014:

	Three Months Ended September 30, 2014								Nine Months Ended September 30, 2014
	PDN Network			NAPW Network		Consolidated			PDN Network			NAPW Network		Consolidated

Recruitment services	$	712,728		$	-	$	712,728		$	2,114,178		$	-	$	2,114,178
Consumer advertising and consumer marketing solutions revenue		448,860			-		448,860			1,317,351			-		1,317,351
Membership fees and related services		-			402,397		402,397			-			402,397		402,397
Product sales and other revenue		-			11,395		11,395			-			11,395		11,395
Total revenues		1,161,588			413,792		1,575,380			3,431,529			413,792		3,845,321
(Loss) income from operations		(610,633	)		27,861		(582,772	)		(1,954,713	)		27,861		(1,926,852	)
Depreciation and amortization		89,816			40,249		130,065			274,370			40,249		314,619
Income tax (benefit) expense		(628,876	)		11,159		(617,717	)		(1,141,465	)		11,159		(1,130,306	)
Capital expenditures		1,703			-		1,703			13,300			-		13,300
Net (loss) income		(957,353	)		16,326		(941,027	)		(1,708,056	)		16,326		(1,691,730	)

	At September 30, 2014
Goodwill	$	735,328		$	44,617,688	$	45,353,016
Intangible assets, net		90,400			14,338,342		14,428,742
Total assets		14,021,170			63,349,113		77,370,283

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details