| Segment Information |
12. Segment Information
The Company operates in the following segments: (i)
PDN Network, (ii) NAPW 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.
The following tables present key financial information
related of the Company’s reportable segments related to financial position as of March 31, 2021 and December 31, 2020 and results
of operations for the three months ended March 31, 2021 and 2020:
| |
|
Three Months Ended March 31, 2021 |
|
| |
|
PDN |
|
|
NAPW |
|
|
Corporate |
|
|
|
|
| |
|
Network |
|
|
Network |
|
|
Overhead |
|
|
Consolidated |
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
263,205 |
|
|
$ |
- |
|
|
$ |
263,205 |
|
| Recruitment services |
|
|
1,175,080 |
|
|
|
- |
|
|
|
- |
|
|
|
1,175,080 |
|
| Products sales and other |
|
|
- |
|
|
|
1,431 |
|
|
|
- |
|
|
|
1,431 |
|
| Consumer advertising and marketing solutions |
|
|
45,137 |
|
|
|
- |
|
|
|
- |
|
|
|
45,137 |
|
| Total revenues |
|
|
1,220,217 |
|
|
|
264,636 |
|
|
|
- |
|
|
|
1,484,853 |
|
| Income (loss) from continuing operations |
|
|
312,823 |
|
|
|
(246,419 |
) |
|
|
(889,880 |
) |
|
|
(823,476 |
) |
| Depreciation and amortization |
|
|
1,178 |
|
|
|
28,429 |
|
|
|
- |
|
|
|
29,607 |
|
| Income tax benefit |
|
|
(46,357 |
) |
|
|
(20,620 |
) |
|
|
- |
|
|
|
(66,977 |
) |
| Net loss from continuing operations |
|
|
360,065 |
|
|
|
(225,799 |
) |
|
|
(889,880 |
) |
|
|
(755,614 |
) |
| |
|
As of March 31, 2021 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangibles assets, net |
|
|
90,400 |
|
|
|
266,726 |
|
|
|
- |
|
|
|
357,126 |
|
| Assets from continuing operations |
|
|
4,643,168 |
|
|
|
1,189,511 |
|
|
|
- |
|
|
|
5,832,679 |
|
| |
|
Three Months Ended March 31, 2020 |
|
| |
|
PDN |
|
|
NAPW |
|
|
Corporate |
|
|
|
|
| |
|
Network |
|
|
Network |
|
|
Overhead |
|
|
Consolidated |
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
383,831 |
|
|
$ |
- |
|
|
$ |
383,831 |
|
| Recruitment services |
|
|
566,687 |
|
|
|
- |
|
|
|
- |
|
|
|
566,687 |
|
| Products sales and other |
|
|
- |
|
|
|
1,431 |
|
|
|
- |
|
|
|
1,431 |
|
| Consumer advertising and marketing solutions |
|
|
30,348 |
|
|
|
- |
|
|
|
- |
|
|
|
30,348 |
|
| Total revenues |
|
|
597,035 |
|
|
|
385,262 |
|
|
|
- |
|
|
|
982,297 |
|
| Loss from continuing operations |
|
|
(150,024 |
) |
|
|
(68,110 |
) |
|
|
(1,210,870 |
) |
|
|
(1,429,004 |
) |
| Depreciation and amortization |
|
|
14,675 |
|
|
|
37,326 |
|
|
|
- |
|
|
|
52,001 |
|
| Income tax benefit |
|
|
(951 |
) |
|
|
(407 |
) |
|
|
(4,551 |
) |
|
|
(5,909 |
) |
| Net loss from continuing operations |
|
|
(148,409 |
) |
|
|
(67,703 |
) |
|
|
(1,206,319 |
) |
|
|
(1,422,431 |
) |
| |
|
As of December 31, 2020 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
339,451 |
|
| Intangibles assets, net |
|
|
90,400 |
|
|
|
285,778 |
|
|
|
- |
|
|
|
376,178 |
|
| Assets from continuing operations |
|
|
4,455,262 |
|
|
|
1,126,005 |
|
|
|
- |
|
|
|
5,581,267 |
|
|