Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.5.0.2
Segment Information
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
11. Segment Information

The Company operates in three segments: (i) PDN Network, (2) NAPW Network and (3) Noble Voice operations, which are based on its business activities and organization. The following tables present key financial information of the Company’s reportable segments as of and for the three and six months ended June 30, 2016 and 2015:
 
 
 
Three Months Ended June 30, 2016
 
 
 
PDN Network
   
NAPW
Network
   
Noble Voice
   
Consolidated
 
 
                       
Membership fees and related services
 
$
-
   
$
4,259,144
   
$
-
   
$
4,259,144
 
Lead generation
   
-
     
-
     
1,415,958
     
1,415,958
 
Recruitment services
   
717,360
     
-
     
-
     
717,360
 
Products sales and other
   
-
     
404,590
     
-
     
404,590
 
Consumer advertising and marketing solutions
   
53,976
     
-
     
-
     
53,976
 
Total revenues
   
771,336
     
4,663,734
     
1,415,958
     
6,851,028
 
Loss from operations
   
(289,066
)
   
(232,145
)
   
(419,968
)
   
(941,179
)
Depreciation and amortization
   
47,318
     
697,166
     
66,748
     
811,232
 
Income tax expense (benefit)
   
2,630
     
18,059
     
(156,858
)
   
(136,169
)
Net loss
   
(292,955
)
   
(250,204
)
   
(263,110
)
   
(806,269
)

   
Six Months Ended June 30, 2016
 
   
PDN Network
   
NAPW
Network
   
Noble Voice
   
Consolidated
 
                         
Membership fees and related services
 
$
-
   
$
9,299,318
   
$
-
   
$
9,299,318
 
Lead generation
   
-
     
-
     
2,935,549
     
2,935,549
 
Recruitment services
   
1,340,669
     
-
     
-
     
1,340,669
 
Products sales and other
   
-
     
491,583
     
-
     
491,583
 
Consumer advertising and marketing solutions
   
127,052
     
-
     
-
     
127,052
 
Total revenues
   
1,467,721
     
9,790,901
     
2,935,549
     
14,194,171
 
Loss from operations
   
(720,892
)
   
(1,278,890
)
   
(840,002
)
   
(2,839,784
)
Depreciation and amortization
   
96,650
     
1,469,230
     
112,362
     
1,678,242
 
Income benefit
   
(150,909
)
   
(267,672
)
   
(175,812
)
   
(594,393
)
Net loss
   
(570,499
)
   
(1,011,218
)
   
(664,190
)
   
(2,245,907
)
                                 
 
 
At June 30, 2016
 
Goodwill
 
$
339,451
   
$
19,861,739
   
$
-
   
$
20,201,190
 
Intangible assets, net
   
90,400
     
10,155,906
     
371,333
     
10,617,639
 
Total assets
   
2,324,978
     
33,216,315
     
1,829,015
     
37,370,308
 
 
 
 
Three Months Ended June 30, 2015
 
 
 
PDN
Network
   
NAPW
Network
   
Noble Voice
   
Consolidated
 
 
                       
Membership fees and related services
 
$
-
   
$
6,754,247
   
$
-
   
$
6,754,247
 
Lead generation
   
-
     
-
     
2,760,022
     
2,760,022
 
Recruitment services
   
756,039
     
-
     
-
     
756,039
 
Products sales and other
   
-
     
64,736
     
-
     
64,736
 
Consumer advertising and marketing solutions
   
63,785
     
-
     
-
     
63,785
 
Total revenues
   
819,824
     
6,818,983
     
2,760,022
     
10,398,829
 
Loss from operations
   
(636,691
)
   
(592,698
)
   
(125,003
)
   
(1,324,392
)
Depreciation and amortization
   
95,741
     
728,821
     
45,711
     
870,273
 
Income tax benefit
   
(229,652
)
   
(219,086
)
   
(48,458
)
   
(497,196
)
Capital expenditures
   
-
     
33,869
     
3,882
     
37,751
 
Net loss
   
(358,122
)
   
(343,612
)
   
(76,545
)
   
(778,279
)
 
 
 
Six Months Ended June 30, 2015
 
 
 
PDN
Network
   
NAPW
Network
   
Noble Voice
   
Consolidated
 
 
                       
Membership fees and related
services
 
$
-
   
$
13,542,927
   
$
-
   
$
13,542,927
 
Lead generation
   
-
     
-
     
5,519,126
     
5,519,126
 
Recruitment services
   
1,602,701
     
-
     
-
     
1,602,701
 
Products sales and other
   
-
     
300,429
     
-
     
300,429
 
Consumer advertising and marketing
solutions
   
136,086
     
-
     
-
     
136,086
 
Total revenues
   
1,738,787
     
13,843,356
     
5,519,126
     
21,101,269
 
Loss from operations
   
(1,236,595
)
   
(2,111,758
)
   
(479,260
)
   
(3,827,613
)
Depreciation and amortization
   
191,755
     
1,522,213
     
91,228
     
1,805,196
 
Income tax benefit
   
(466,632
)
   
(814,121
)
   
(186,069
)
   
(1,466,822
)
Capital expenditures
   
-
     
50,216
     
13,938
     
64,154
 
Net loss
   
(730,329
)
   
(1,297,637
)
   
(293,191
)
   
(2,321,157
)

 
 
At December 31, 2015
 
Goodwill
 
$
339,451
   
$
19,861,739
   
$
-
   
$
20,201,190
 
Intangible assets, net
   
90,400
     
11,502,106
     
459,333
     
12,051,839
 
Total assets
   
4,167,229
     
34,985,831
     
2,274,756
     
41,427,816