| 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, 2019 and 2018:
| |
|
Three Months Ended March 31, 2019 |
|
| |
|
United States |
|
|
|
|
|
|
|
|
|
|
| |
|
PDN
Network
|
|
|
NAPW
Network
|
|
|
China
Operations
|
|
|
Corporate
Overhead
|
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
794,539 |
|
|
$ |
34,881 |
|
|
$ |
- |
|
|
$ |
829,420 |
|
| Recruitment services |
|
|
474,260 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
474,260 |
|
| Products sales and other |
|
|
- |
|
|
|
2,812 |
|
|
|
- |
|
|
|
- |
|
|
|
2,812 |
|
| Education and training |
|
|
- |
|
|
|
- |
|
|
|
4,069 |
|
|
|
|
|
|
|
4,069 |
|
| Consumer advertising and marketing solutions |
|
|
35,716 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
35,716 |
|
| Total revenues |
|
|
509,976 |
|
|
|
797,351 |
|
|
|
38,950 |
|
|
|
- |
|
|
|
1,346,277 |
|
| (Loss) income from continuing operations |
|
|
(171,476 |
) |
|
|
(107,731 |
) |
|
|
(334,847 |
) |
|
|
(587,975 |
) |
|
|
(1,202,029 |
) |
| Depreciation and amortization |
|
|
15,741 |
|
|
|
201,442 |
|
|
|
4,239 |
|
|
|
- |
|
|
|
221,422 |
|
| Income tax expense (benefit) |
|
|
(13,135 |
) |
|
|
(8,129 |
) |
|
|
- |
|
|
|
(44,369 |
) |
|
|
(65,633 |
) |
| Net (loss) income from continuing operations |
|
|
(160,924 |
) |
|
|
(99,602 |
) |
|
|
(340,397 |
) |
|
|
(543,606 |
) |
|
|
(1,144,529 |
) |
| Capital expenditures |
|
|
- |
|
|
|
- |
|
|
|
3,351 |
|
|
|
- |
|
|
|
3,351 |
|
| |
|
March 31, 2019 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangible assets, net |
|
|
90,400 |
|
|
|
747,374 |
|
|
|
- |
|
|
|
- |
|
|
|
837,774 |
|
| Assets from continuing operations |
|
|
1,610,239 |
|
|
|
1,705,760 |
|
|
|
1,074,298 |
|
|
|
- |
|
|
|
4,390,297 |
|
| |
|
Three Months Ended March 31, 2018 |
|
| |
|
United States |
|
|
|
|
|
|
|
|
|
|
| |
|
PDN
Network
|
|
|
NAPW
Network
|
|
|
China
Operations
|
|
|
Corporate
Overhead
|
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
1,549,932 |
|
|
$ |
62,289 |
|
|
$ |
- |
|
|
$ |
1,612,221 |
|
| Recruitment services |
|
|
621,415 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
621,415 |
|
| Products sales and other |
|
|
- |
|
|
|
3,657 |
|
|
|
- |
|
|
|
- |
|
|
|
3,657 |
|
| Education and training |
|
|
- |
|
|
|
- |
|
|
|
6,471 |
|
|
|
- |
|
|
|
6,471 |
|
| Consumer advertising and marketing solutions |
|
|
69,734 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
69,734 |
|
| Total revenues |
|
|
691,149 |
|
|
|
1,553,589 |
|
|
|
68,760 |
|
|
|
- |
|
|
|
2,313,498 |
|
| (Loss) income from continuing operations |
|
|
(67,204 |
) |
|
|
(766,055 |
) |
|
|
(351,117 |
) |
|
|
(912,775 |
) |
|
|
(2,097,151 |
) |
| Depreciation and amortization |
|
|
16,987 |
|
|
|
658,433 |
|
|
|
4,341 |
|
|
|
- |
|
|
|
679,761 |
|
| Income tax expense (benefit) |
|
|
(8,773 |
) |
|
|
(109,639 |
) |
|
|
- |
|
|
|
(130,638 |
) |
|
|
(249,050 |
) |
| Net (loss) income from continuing operations |
|
|
(52,524 |
) |
|
|
(656,416 |
) |
|
|
(333,576 |
) |
|
|
(782,137 |
) |
|
|
(1,824,653 |
) |
| Capital expenditures |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
December 31, 2018 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangible assets, net |
|
|
90,400 |
|
|
|
930,543 |
|
|
|
- |
|
|
|
- |
|
|
|
1,020,943 |
|
| Assets from continuing operations |
|
|
1,654,346 |
|
|
|
1,970,594 |
|
|
|
1,486,891 |
|
|
|
- |
|
|
|
5,111,831 |
|
|