| Schedule of Segment Information |
The following tables present key financial
information of the Company’s reportable segments as of and for the years ended December 31, 2019 and 2018:
| |
|
|
Year ended December 31, 2019 |
|
| |
|
|
PDN
Network
|
|
|
|
NAPW
Network
|
|
|
|
Corporate Overhead |
|
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
2,428,060 |
|
|
$ |
- |
|
|
$ |
2,428,060 |
|
| Recruitment services |
|
|
2,450,742 |
|
|
|
- |
|
|
|
- |
|
|
|
2,450,742 |
|
| Products sales and other |
|
|
- |
|
|
|
5,644 |
|
|
|
- |
|
|
|
5,644 |
|
| Consumer advertising and marketing solutions |
|
|
140,766 |
|
|
|
- |
|
|
|
- |
|
|
|
140,766 |
|
| Total revenues |
|
|
2,591,508 |
|
|
|
2,433,704 |
|
|
|
- |
|
|
|
5,025,212 |
|
| Loss from continuing operations |
|
|
(357,067 |
) |
|
|
(272,528 |
) |
|
|
(2,366,540 |
) |
|
|
(2,996,135 |
) |
| Depreciation and amortization |
|
|
62,064 |
|
|
|
641,653 |
|
|
|
- |
|
|
|
703,717 |
|
| Income tax expense (benefit) |
|
|
(162,281 |
) |
|
|
46,778 |
|
|
|
(61,998 |
) |
|
|
(177,501 |
) |
| Net loss from continuing operations |
|
|
(168,281 |
) |
|
|
(319,306 |
) |
|
|
(2,304,542 |
) |
|
|
(2,792,129 |
) |
| |
|
|
At December 31, 2019 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangible assets, net |
|
|
90,400 |
|
|
|
361,985 |
|
|
|
- |
|
|
$ |
452,385 |
|
| Assets from continuing operations |
|
|
2,151,734 |
|
|
|
1,254,693 |
|
|
|
- |
|
|
|
3,406,427 |
|
| |
|
Year ended December 31, 2018 |
|
| |
|
|
PDN
Network
|
|
|
|
NAPW
Network
|
|
|
|
Corporate Overhead |
|
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
4,766,798 |
|
|
$ |
- |
|
|
$ |
4,766,798 |
|
| Recruitment services |
|
|
2,571,935 |
|
|
|
- |
|
|
|
- |
|
|
|
2,571,935 |
|
| Products sales and other |
|
|
- |
|
|
|
19,239 |
|
|
|
- |
|
|
|
19,239 |
|
| Consumer advertising and marketing solutions |
|
|
262,946 |
|
|
|
- |
|
|
|
- |
|
|
|
262,946 |
|
| Total revenues |
|
|
2,834,881 |
|
|
|
4,786,037 |
|
|
|
- |
|
|
|
7,620,918 |
|
| Loss from continuing operations |
|
|
(150,810 |
) |
|
|
(10,775,648 |
) |
|
|
(3,612,228 |
) |
|
|
(14,538,686 |
) |
| Depreciation and amortization |
|
|
65,479 |
|
|
|
2,534,515 |
|
|
|
- |
|
|
|
2,599,994 |
|
| Income tax expense (benefit) |
|
|
2,796 |
|
|
|
(1,004,453 |
) |
|
|
(351,878 |
) |
|
|
(1,353,535 |
) |
| Net (loss) income from continuing operations |
|
|
(135,536 |
) |
|
|
(9,771,195 |
) |
|
|
(3,260,350 |
) |
|
|
(13,167,081 |
) |
| Capital expenditures |
|
|
- |
|
|
|
568 |
|
|
|
- |
|
|
|
568 |
|
| |
|
At 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 |
|
|
|
|
|
|
|
3,624,940 |
|
|