Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.23.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2022
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 years ended December 31, 2022 and 2021:

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Year Ended December 31, 2022  
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 639,271     $ -     $ -     $ 639,271  
Recruitment services     4,861,761       -       -       -       4,861,761  
Contracted software development     -       -       2,645,619       -       2,645,619  
Consumer advertising and marketing solutions     167,437       -       -       -       167,437  
Total revenues     5,029,198       639,271       2,645,619       -       8,314,088  
Income (loss) from continuing operations     415,217       (196,117 )     (1,008,101 )     (2,312,874 )     (3,101,875 )
Depreciation and amortization     30,614       78,223       667,258       -       776,095  
Income tax expense (benefit)     9,200       24,629     126       (47,143 )     (13,188 )
Net income (loss) from continuing operations     414,491       (220,536 )     (1,020,354 )     (2,265,940 )     (3,092,339 )

 

    As of December 31, 2022  
Goodwill   $ 339,451     $ -     $ 935,334     $ -     $ 1,274,785  
Intangibles assets, net     90,400       133,363       1,458       -       225,221  
Assets from continuing operations, net of eliminations     6,718,226       203,534       (287,455 )     -       6,634,305  

 

 

    Network     Network     RemoteMore     Overhead     Consolidated  
    Year Ended December 31, 2021
    PDN     NAPW           Corporate        
    Network     Network     RemoteMore     Overhead     Consolidated  
Membership fees and related services   $ -     $ 985,446     $ -     $ -     $ 985,446  
Recruitment services     4,646,786       -       -       -       4,646,786  
Contracted software development     -       -       302,882       -       302,882  
Consumer advertising and marketing solutions     163,485       -       -       -       163,485  
Total revenues     4,810,271       985,446       302,882       -       6,098,599  
Income (loss) from continuing operations     1,069,451       (849,599 )     (352,165 )     (2,758,151 )     (2,890,464 )
Depreciation and amortization     15,235       100,037       269,889       -       385,161  
Income tax expense (benefit)     12,135       (8,757 )     -       (24,918 )     (21,540 )
Net income (loss) from continuing operations     1,065,561       (839,674 )     (353,579 )     (2,733,233 )     (2,860,925 )

 

    As of December 31, 2021  
Goodwill   $ 339,451     $ -     $ 935,334     $ -     $ 1,274,785  
Intangibles assets, net     90,400       209,570       668,311       -       968,281  
Assets from continuing operations, net of eliminations     7,596,499       684,881       501,198       -       8,782,578