| 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, 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
|
|
|