Schedule of Segment Information |
The
following tables present key financial information related of the Company’s reportable segments related to financial position as
of September 30, 2023 and December 31, 2022 and results of operations for the three and nine months ended September 30, 2023 and 2022:
Schedule of Segment Information
|
|
PDN |
|
|
NAPW |
|
|
Remote |
|
|
Corporate |
|
|
|
|
|
|
Three
Months Ended September 30, 2023 |
|
|
|
PDN |
|
|
NAPW |
|
|
Remote |
|
|
Corporate |
|
|
|
|
|
|
Network |
|
|
Network |
|
|
More |
|
|
Overhead |
|
|
Consolidated |
|
Membership
fees and related services |
|
$ |
- |
|
|
$ |
135,145 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
135,145 |
|
Recruitment
services |
|
|
1,242,711 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,242,711 |
|
Contracted
software development |
|
|
- |
|
|
|
- |
|
|
|
604,996 |
|
|
|
- |
|
|
|
604,996 |
|
Consumer
advertising and marketing solutions |
|
|
25,516 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
25,516 |
|
Total
revenues |
|
|
1,268,227 |
|
|
|
135,145 |
|
|
|
604,996 |
|
|
|
- |
|
|
|
2,008,368 |
|
Income
(loss) from continuing operations |
|
|
(446,060 |
) |
|
|
(26,910 |
) |
|
|
(51,722 |
) |
|
|
(804,276 |
) |
|
|
(1,328,968 |
) |
Depreciation
and amortization |
|
|
127,702 |
|
|
|
20,673 |
|
|
|
347 |
|
|
|
- |
|
|
|
148,722 |
|
Income
tax benefit |
|
|
(2,441 |
)
|
|
|
(359 |
) |
|
|
-
|
|
|
|
(4,428 |
) |
|
|
(7,228 |
) |
Net loss from continuing operations |
|
|
(440,769 |
) |
|
|
(26,480 |
)
|
|
|
(52,897 |
) |
|
|
(799,848 |
) |
|
|
(1,319,994 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of September 30, 2023 |
|
Goodwill |
|
$ |
465,752 |
|
|
$ |
- |
|
|
$ |
952,001 |
|
|
$ |
- |
|
|
$ |
1,417,753 |
|
Intangibles
assets, net |
|
|
321,100 |
|
|
|
76,208 |
|
|
|
833 |
|
|
|
- |
|
|
|
398,141 |
|
Assets
from continuing operations, net of intercompany eliminations |
|
|
6,734,947 |
|
|
|
134,368 |
|
|
|
(492,819 |
) |
|
|
- |
|
|
|
6,376,496 |
|
|
|
PDN |
|
|
NAPW |
|
|
Remote |
|
|
Corporate |
|
|
|
|
|
|
Three
Months Ended September 30, 2022 |
|
|
|
PDN |
|
|
NAPW |
|
|
Remote |
|
|
Corporate |
|
|
|
|
|
|
Network |
|
|
Network |
|
|
More |
|
|
Overhead |
|
|
Consolidated |
|
Membership
fees and related services |
|
$ |
- |
|
|
$ |
152,462 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
152,462 |
|
Recruitment
services |
|
|
1,165,213 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,165,213 |
|
Contracted
software development |
|
|
- |
|
|
|
- |
|
|
|
757,492 |
|
|
|
- |
|
|
|
757,492 |
|
Consumer
advertising and marketing solutions |
|
|
39,328 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
39,328 |
|
Total
revenues |
|
|
1,204,541 |
|
|
|
152,462 |
|
|
|
757,492 |
|
|
|
- |
|
|
|
2,114,495 |
|
Income
(loss) from continuing operations |
|
|
(77,907 |
) |
|
|
(261,132 |
) |
|
|
(266,161 |
) |
|
|
(505,436 |
) |
|
|
(1,110,636 |
) |
Depreciation
and amortization |
|
|
7,475 |
|
|
|
19,597 |
|
|
|
205,676 |
|
|
|
- |
|
|
|
232,748 |
|
Income
tax expense (benefit) |
|
|
(1,895 |
) |
|
|
(10,410 |
) |
|
|
- |
|
|
|
(13,174 |
) |
|
|
(25,479 |
) |
Net
income (loss) from continuing operations |
|
|
(74,971 |
) |
|
|
(250,689 |
) |
|
|
(277,318 |
) |
|
|
(492,262 |
) |
|
|
(1,095,240 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 intercompany eliminations |
|
|
6,718,226 |
|
|
|
203,534 |
|
|
|
(287,455 |
) |
|
|
- |
|
|
|
6,634,305 |
|
|
|
PDN |
|
|
NAPW |
|
|
|
|
|
Corporate |
|
|
|
|
|
|
Nine Months Ended September 30, 2023 |
|
|
|
PDN |
|
|
NAPW |
|
|
|
|
|
Corporate |
|
|
|
|
|
|
Network |
|
|
Network |
|
|
RemoteMore |
|
|
Overhead |
|
|
Consolidated |
|
Membership fees and related services |
|
$ |
- |
|
|
$ |
400,303 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
400,303 |
|
Recruitment services |
|
|
3,422,129 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,422,129 |
|
Contracted software development |
|
|
- |
|
|
|
- |
|
|
|
1,906,706 |
|
|
|
- |
|
|
|
1,906,706 |
|
Consumer advertising and marketing solutions |
|
|
75,664 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
75,664 |
|
Total revenues |
|
|
3,497,793 |
|
|
|
400,303 |
|
|
|
1,906,706 |
|
|
|
- |
|
|
|
5,804,802 |
|
Income (loss) from continuing operations |
|
|
(1,255,094 |
) |
|
|
(407,155 |
) |
|
|
(237,343 |
) |
|
|
(1,987,421 |
) |
|
|
(3,887,013 |
) |
Depreciation and amortization |
|
|
367,669 |
|
|
|
59,946 |
|
|
|
1,040 |
|
|
|
- |
|
|
|
428,655 |
|
Income tax expense (benefit) |
|
|
(4,037 |
) |
|
|
(3,024 |
) |
|
|
850 |
|
|
|
(10,940 |
) |
|
|
(17,151 |
) |
Net income (loss) from continuing operations |
|
|
(1,244,924 |
) |
|
|
(404,007 |
) |
|
|
(235,623 |
) |
|
|
(1,976,481 |
) |
|
|
(3,861,035 |
) |
|
|
PDN |
|
|
NAPW |
|
|
|
|
|
Corporate |
|
|
|
|
|
|
Nine Months Ended September 30, 2022 |
|
|
|
PDN |
|
|
NAPW |
|
|
|
|
|
Corporate |
|
|
|
|
|
|
Network |
|
|
Network |
|
|
RemoteMore |
|
|
Overhead |
|
|
Consolidated |
|
Membership fees and related services |
|
$ |
- |
|
|
$ |
509,906 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
509,906 |
|
Recruitment services |
|
|
3,839,608 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,839,608 |
|
Contracted software development |
|
|
- |
|
|
|
- |
|
|
|
1,882,452 |
|
|
|
- |
|
|
|
1,882,452 |
|
Consumer advertising and marketing solutions |
|
|
130,916 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
130,916 |
|
Total revenues |
|
|
3,970,524 |
|
|
|
509,906 |
|
|
|
1,882,452 |
|
|
|
- |
|
|
|
6,362,882 |
|
Income (loss) from continuing operations |
|
|
372,156 |
|
|
|
257,213 |
|
|
|
(919,883 |
) |
|
|
(1,763,388 |
) |
|
|
(2,053,902 |
) |
Depreciation and amortization |
|
|
20,589 |
|
|
|
58,556 |
|
|
|
666,912 |
|
|
|
- |
|
|
|
746,057 |
|
Income tax expense (benefit) |
|
|
15,983 |
|
|
|
(4,769 |
) |
|
|
- |
|
|
|
(46,934 |
) |
|
|
(35,720 |
) |
Net income (loss) from continuing operations |
|
|
361,489 |
|
|
|
262,192 |
|
|
|
(944,928 |
) |
|
|
(1,716,454 |
) |
|
|
(2,037,701 |
) |
|