Annual report [Section 13 and 15(d), not S-K Item 405]

Note 15 - Segment Information

v3.25.1
Note 15 - Segment Information
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

15. Segment Information

 

The Company operates in the following segments: (i) TalentAlly Network, which maintains and operates job board software and hosts career fairs, (ii) NAPW Network, a professional networking organization that addresses personal and professional development opportunities for women, (iii) RemoteMore (beginning in fiscal 2021) which provides companies with talented engineers to provide solutions to their software needs and (iv) Corporate Overhead. 

 

The Company's CEO and CFO comprise the executive committee. The responsibility of the executive committee is to collectively assess performance and make resource allocation decisions related to the entity’s operating segments. The CEO operates more as a strategic decision maker for the organization as a whole. The executive committee is the CODM because the committee is the highest level of management that performs these functions.

 

The following tables present key financial information of the Company’s reportable segments as of and for the years ended December 31, 2024, and 2023:

 

   

Year Ended December 31, 2024

 
   

TalentAlly

   

NAPW

           

Corporate

         
   

Network

   

Network

   

RemoteMore

   

Overhead

   

Consolidated

 

Membership fees and related services

  $ -     $ 428,612     $ -     $ -     $ 428,612  

Recruitment services

    4,434,235       -       -       -       4,434,235  

Contracted software development

    -       -       1,830,018       -       1,830,018  

Consumer advertising and marketing solutions

    37,740       -       -       -       37,740  

Total revenues

    4,471,975       428,612       1,830,018       -       6,730,605  

Income (loss) from continuing operations

    (41,847 )     (145,273 )     (313,757 )     (1,904,268 )     (2,405,145 )

Depreciation and amortization

    145,270       56,695       1,836       -       203,801  

Income tax expense (benefit)

    5,471       -       850       -       6,321  

Net income (loss) from continuing operations

    (228,684 )     (146,535 )     (316,200 )     (1,904,268 )     (2,595,687 )

 

   

As of December 31, 2024

 

Goodwill

  $ 465,752     $ -     $ 952,001     $ -     $ 1,417,753  

Intangibles assets, net

    134,733       -       -       -       134,733  

Assets from continuing operations, net of eliminations

    8,793,043       30,342       (841,584 )     -       7,981,801  

 

   

Year Ended December 31, 2023

 
   

TalentAlly

   

NAPW

           

Corporate

         
   

Network

   

Network

   

RemoteMore

   

Overhead

   

Consolidated

 

Membership fees and related services

  $ -     $ 530,745     $ -     $ -     $ 530,745  

Recruitment services

    4,639,642       -       -       -       4,639,642  

Contracted software development

    -       -       2,437,352       -       2,437,352  

Consumer advertising and marketing solutions

    91,298       -       -       -       91,298  

Total revenues

    4,730,940       530,745       2,437,352       -       7,699,037  

Income (loss) from continuing operations

    (1,484,970 )     (431,331 )     (281,054 )     (2,341,196 )     (4,538,551 )

Depreciation and amortization

    542,831       79,786       1,387       -       624,004  

Income tax expense (benefit)

    (48,466 )     (15,873 )     850       (75,891 )     (139,380 )

Net income (loss) from continuing operations

    (1,429,033 )     (414,121 )     (277,778 )     (2,265,305 )     (4,386,237 )

 

   

As of December 31, 2023

 

Goodwill

  $ 465,752     $ -     $ 952,001     $ -     $ 1,417,753  

Intangibles assets, net

    168,067       57,156       625       -       225,848  

Assets from continuing operations, net of eliminations

    6,915,583       87,231       (676,282 )     -       6,326,532