Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.10.0.1
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Information

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, 2018 and 2017:

 

    Three Months Ended September 30, 2018  
    United States                    
   

PDN

Network

    

NAPW

Network

     China
 Operations 		    Corporate Overhead     Consolidated  
                               
Membership fees and related  services   $ -     $ 1,058,443     $ 53,599     $ -     $ 1,112,042  
Recruitment services     705,040       -       -       -       705,040  
Products sales and other     -       3,180       -       -       3,180  
Consumer advertising and marketing solutions     74,360       -       -       -       74,360  
Total revenues     779,400       1,061,623       53,599       -       1,894,622  
(Loss) income from continuing operations     67,617       (6,163,059 )     (448,714 )     (859,737 )     (7,403,893 )
Depreciation and amortization     15,757       631,485       2,861       -       650,103  
Income tax expense (benefit)     6,510       (269,371 )     -       72,913       (189,950 )
Net (loss) income from continuing operations     66,807       (5,893,686 )     (429,233 )     (932,650 )     (7,188,762 )
Capital expenditures     -       -       (3,639 )     -       (3,639 )

 

    Nine Months Ended September 30, 2018  
    United States                    
    PDN Network     NAPW Network     China   Operations     Corporate Overhead     Consolidated  
                               
Membership fees and related  services   $ -     $ 3,878,875     $ 181,114     $ -     $ 4,059,989  
Recruitment  services     2,018,832       -       -       -       2,018,832  
Products sales and other     -       13,197       -       -       13,197  
Education and training     -       -       16,048       -       16,048  
Consumer advertising and marketing solutions     218,637       -       -       -       218,637  
Total revenues     2,237,469       3,892,072       197,162       -       6,326,703  
Loss from continuing operations     15,858       (7,360,589 )     (1,273,897 )     (2,850,279 )     (11,468,907 )
Depreciation and amortization     49,722       1,926,366       13,037       -       1,989,125  
Income tax expense (benefit)     1,832       (408,375 )     2,265       (158,137 )     (562,415 )
Net loss from continuing operations     31,183       (6,952,214 )     (1,240,913 )     (2,692,142 )     (10,854,086 )
Capital expenditures     -       -       (7,206 )     -       (7,206 )

 

    September 30, 2018  
Goodwill   $ 339,451     $ -     $ -     $ -     $ 339,451  
Intangible assets, net     90,400       4,318,534       -       -       4,408,934  
Assets from continuing operations     1,542,973       5,423,600       1,564,863       -       8,531,436  

 

    Three Months Ended September 30, 2017  
      United States                        
     

PDN

Network

      

NAPW

Network

       China
Operations 		      Corporate Overhead       Consolidated  
                                         
Membership fees and related services   $ -     $ 2,204,909     $ -     $ -     $ 2,204,909  
Recruitment services     694,454       -       -       -       694,454  
Products sales and other     -       18,285       -       -       18,285  
Education and training     -       -       68,890       -       68,890  
Consumer advertising and marketing solutions     65,188       -       -       -       65,188  
Total revenues     759,642       2,223,194       68,890       -       3,051,726  
(Loss) income from continuing operations     40,429       (1,219,722 )     (348,630 )     (1,000,362 )     (2,528,285 )
Depreciation and amortization     13,213       740,489       3,442       -       757,144  
Income tax expense (benefit)     3,283       (93,955 )     (43,043 )     (67,408 )     (201,123 )
Net (loss) income from continuing operations     51,263       (1,125,767 )     (310,269 )     (932,954 )     (2,317,727 )
Capital expenditures     93,676       -       12,356       -       106,032  

 

    Nine Months Ended September 30, 2017  
      United States                          
     

PDN

Network

      

NAPW

Network

       China
Operations 		      Corporate Overhead       Consolidated  
                                         
Membership fees and related services   $ -     $ 7,465,202     $ -     $ -     $ 7,465,202  
Recruitment services     1,977,101       -       -       -       1,977,101  
Products sales and other     -       91,226       -       -       91,226  
Education and training     -       -       898,584       -       898,584  
Consumer advertising and marketing solutions     189,217       -       -       -       189,217  
Total revenues     2,166,318       7,556,428       898,584       -       10,621,330  
(Loss) income from continuing operations     (66,187 )     (13,185,268 )     (286,957 )     (4,747,737 )     (18,286,149 )
Depreciation and amortization     67,099       2,220,806       6,107       -       2,294,012  
Income tax expense (benefit)     (3,422 )     (831,178 )     -       (291,620 )     (1,126,220 )
Net (loss) income from continuing operations     (50,859 )     (12,354,090 )     (294,962 )     (4,456,117 )     (17,156,028 )
Capital expenditures     100,823       10,646       48,060       -       159,529  

 

    December 31, 2017  
Goodwill   $ 339,451     $ 5,250,699     $ -     $ -     $ 5,590,150  
Intangible assets, net     90,400       6,174,306       -       -       6,264,706  
Assets from continuing operations     1,726,061       12,889,367       3,056,281       -       17,671,709