Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

The Company operates in the following segments: (i) NAPW Network, (ii) PDN Network and (iii) Corporate Overhead. The financial results of China Operations have been reclassified from the Company’s reportable segments to discontinued operations for all periods presented.

	Three Months Ended September 30, 2020											Nine Months Ended September 30, 2020
	PDN		NAPW			Corporate						PDN		NAPW			Corporate
	Network		Network			Overhead			Consolidated			Network		Network			Overhead			Consolidated
Membership fees and related services	$	-	$	319,248		$	-		$	319,248		$	-	$	1,056,487		$	-		$	1,056,487
Recruitment services		930,330		-			-			930,330			2,069,250		-			-			2,069,250
Products sales and other		-		218			-			218			-		3,548			-			3,548
Consumer advertising and marketing solutions		55,726		-			-			55,726			110,364		-			-			110,364
Total revenues		986,056		319,466			-			1,305,522			2,179,614		1,060,035			-			3,239,649
Income (loss) from continuing operations		315,145		42,958			(1,278,685	)		(920,582	)		82,595		(395,348	)		(3,835,946	)		(4,148,699	)
Depreciation and amortization		4,560		33,730			-			38,290			31,070		107,069			-			138,139
Income tax expense (benefit)		1,893		(28	)		(15,477	)		(13,612	)		821		(2,636	)		(30,218	)		(32,033	)
Net income (loss) from continuing operations		307,999		42,986			(1,263,208	)		(912,223	)		82,735		(392,712	)		(3,805,728	)		(4,115,705	)

	As of September 30, 2020
Goodwill	$	339,451	$	-	$	-	$	339,451
Intangibles assets, net		90,400		304,830		-		395,230
Assets from continuing operations		4,935,607		1,153,924		-		6,089,531

	Three Months Ended September 30, 2019												Nine Months Ended September 30, 2019
	PDN			NAPW			Corporate						PDN			NAPW			Corporate
	Network			Network			Overhead			Consolidated			Network			Network			Overhead			Consolidated
Membership fees and related services	$	-		$	515,796		$	-		$	515,796		$	-		$	1,944,249		$	-		$	1,944,249
Recruitment services		790,488			-			-			790,488			1,915,794			-			-			1,915,794
Products sales and other		-			1,053			-			1,053			-			5,008			-			5,008
Consumer advertising and marketing solutions		34,069			-			-			34,069			107,844			-			-			107,844
Total revenues		824,557			516,849			-			1,341,406			2,023,638			1,949,257			-			3,972,895
Loss from continuing operations		(9,843	)		(128,039	)		(771,067	)		(908,949	)		(200,864	)		(280,015	)		(2,059,014	)		(2,539,893	)
Depreciation and amortization		15,202			201,442			-			216,644			46,834			604,327			-			651,161
Income tax benefit (expense)		(1,646	)		(6,475	)		(37,337	)		(45,458	)		9,329			(15,641	)		(115,015	)		(121,327	)
Net income (loss) from continuing operations		211,610			(121,564	)		(733,730	)		(643,684	)		388,150			(264,374	)		(1,960,650	)		(1,836,874	)

	As of December 31, 2019
Goodwill	$	339,451	$	-	$	-	$	339,451
Intangibles assets, net		90,400		361,985		-		452,385
Assets from continuing operations		2,151,734		1,254,693		-		3,406,427