Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2019
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, 2019 and 2018:

 

    Three Months Ended September 30, 2019  
    United States                    
   

PDN

Network

    

NAPW

Network

     China
Operations		     Corporate
Overhead		     Consolidated  
                               
Membership fees and related services   $ -     $ 515,796     $ -     $ -     $ 515,796  
Recruitment services     790,488       -       -       -       790,488  
Products sales and other     -       1,053       -       -       1,053  
Education and training     -       -       6,610       -       6,610  
Consumer advertising and marketing solutions     34,069       -       -       -       34,069  
Total revenues     824,557       516,849       6,610       -       1,348,016  
(Loss) income from continuing operations     (9,843 )     (128,039 )     (200,214 )     (771,067 )     (1,109,163 )
Depreciation and amortization     15,202       201,442       4,036       -       220,680  
Income tax expense (benefit)     (1,646 )     (6,475 )     -       (37,337 )     (45,458 )
Net (loss) income from continuing operations     217,160       (121,564 )     (201,059 )     (733,730 )     (839,193 )
Capital expenditures     -       -       (812 )     -       (812 )

 

    Nine Months Ended September 30, 2019  
    United States                    
   

PDN

Network

    

NAPW

Network

     China
Operations		     Corporate
Overhead		     Consolidated  
                               
Membership fees and related services   $ -     $ 1,944,249     $ 6,374     $ -     $  1,950,623  
Recruitment services      1,915,794       -       -       -        1,915,794  
Products sales and other      -       5,008       -       -        5,008  
Education and training      -       -        41,491       -        41,491  
Consumer advertising and marketing solutions      107,844       -        -       -        107,844  
Total revenues      2,023,638        1,949,257        47,865       -        4,020,760  
(Loss) income from continuing operations      (200,864 )      (280,015 )     (886,889 )      (2,059,015 )     (3,426,783 )
Depreciation and amortization      46,834        604,327        12,482        -        663,643  
Income tax expense (benefit)      9,329        (15,641 )      8,594        (115,015 )      (112,733 )
Net (loss) income from continuing operations      388,150        (264,374 )     (906,167 )      (1,944,000 )     (2,726,391 )
Capital expenditures     -       -        2,523       -       2,523  

 

    September 30, 2019  
Goodwill   $ 339,451     $ -     $ 1,483,869     $ -     $ 1,823,320  
Intangible assets, net     90,400       381,037       -       -       471,437  
Assets from continuing operations     2,837,613       1,304,988       5,152,944       -       9,295,545  

 

 

    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  
Education and training     -       -       -       -       -  
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       (269,373 )     -       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 )

 

    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