Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.7.0.1
Segment Information
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
11. Segment Information

Beginning in January 2017, the Company operates in the following segments: (A) United States: (i) PDN Network, (ii) NAPW Network and (iii) Noble Voice operations, and (B) China Operations. The segments are categorized based on their business activities and organization. Prior to January 2017, the Company operated solely in the United States in the following segments: (i) PDN Network, (ii) NAPW Network and (iii) Noble Voice operations. The following tables present key financial information of the Company’s reportable segments as of and for the three months ended March 31, 2017 and 2016:

   
Three Months Ended March 31, 2017
 
   
United States
             
   
PDN Network
   
NAPW Network
   
Noble Voice
   
China
Operations
   
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
advertisin
g 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
   
(1,226,221
)
   
(2,066,168
)
   
(445,498
)
   
46,493
     
(3,691,394
)
Depreciatio
n and
amortization
   
46,829
     
739,126
     
49,875
     
-
     
835,830
 
Income tax
expense
(benefit)
   
(215,985
)
   
(360,945
)
   
(77,825
)
   
52,469
     
(602,286
)
Net loss
   
(1,020,385
)
   
(1,705,223
)
   
(367,673
)
   
(8,300
)
   
(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
 

 
 
Three Months Ended March 31, 2016
 
 
 
PDN Network
   
NAPW
Network
   
Noble Voice
   
Consolidated
 
 
                       
Membership fees and related services
 
$
-
   
$
5,040,174
   
$
-
   
$
5,040,174
 
Lead generation
   
-
     
-
     
1,519,591
     
1,519,591
 
Recruitment services
   
623,309
     
-
     
-
     
623,309
 
Products sales and other
   
-
     
86,993
     
-
     
86,993
 
Consumer advertising and marketing solutions
   
73,076
     
-
     
-
     
73,076
 
Total revenues
   
696,385
     
5,127,167
     
1,519,591
     
7,343,143
 
Loss from operations
   
(431,826
)
   
(1,046,745
)
   
(420,034
)
   
(1,898,605
)
Depreciation and amortization
   
49,332
     
772,064
     
45,614
     
867,010
 
Income tax benefit
   
(153,539
)
   
(285,731
)
   
(18,954
)
   
(458,224
)
Net loss
   
(277,544
)
   
(761,014
)
   
(401,080
)
   
(1,439,638
)
 
 
 
December 31, 2016
 
Goodwill
 
$
339,451
   
$
19,861,739
   
$
-
   
$
20,201,190
 
Intangible assets, net
   
90,400
     
8,809,706
     
283,333
     
9,183,439
 
Total assets
   
7,643,471
     
31,457,958
     
2,036,448
     
41,137,877