| Segment Information |
17. Segment Information
The Company operates in three segments: (i) PDN Network, (2) NAPW Network and (3) Noble Voice operations, which are based on its business activities and organization. The following tables present key financial information of the Company’s reportable segments as of and for the years ended December 31, 2016 and 2015:
|
|
|
Year Ended December 31, 2016
|
|
|
|
|
PDN Network
|
|
|
NAPW
Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership fees and related
services
|
|
$
|
-
|
|
|
$
|
16,254,932
|
|
|
$
|
-
|
|
|
$
|
16,254,932
|
|
|
Lead generation
|
|
|
-
|
|
|
|
-
|
|
|
|
6,239,057
|
|
|
|
6,239,057
|
|
|
Recruitment services
|
|
|
2,931,642
|
|
|
|
-
|
|
|
|
-
|
|
|
|
2,931,642
|
|
|
Products sales and other
|
|
|
-
|
|
|
|
578,466
|
|
|
|
-
|
|
|
|
578,466
|
|
|
Consumer advertising and marketing
solutions
|
|
|
222,969
|
|
|
|
-
|
|
|
|
-
|
|
|
|
222,969
|
|
|
Total revenues
|
|
|
3,154,611
|
|
|
|
16,833,398
|
|
|
|
6,239,057
|
|
|
|
26,227,066
|
|
|
Loss from operations
|
|
|
(997,569
|
)
|
|
|
(1,458,503
|
)
|
|
|
(1,130,391
|
)
|
|
|
(3,586,463
|
)
|
|
Depreciation and amortization
|
|
|
168,192
|
|
|
|
2,946,323
|
|
|
|
209,196
|
|
|
|
3,323,711
|
|
|
Income tax expense (benefit)
|
|
|
(671,665
|
)
|
|
|
(348,145
|
)
|
|
|
(269,824
|
)
|
|
|
(1,289,634
|
)
|
|
Capital expenditures
|
|
|
-
|
|
|
|
5,292
|
|
|
|
-
|
|
|
|
5,292
|
|
|
Net loss
|
|
|
(2,137,577
|
)
|
|
|
(1,110,358
|
)
|
|
|
(860,567
|
)
|
|
|
(4,108,502
|
)
|
|
|
|
At December 31, 2016
|
|
|
Goodwill
|
|
$
|
339,451
|
|
|
$
|
19,861,739
|
|
|
$
|
-
|
|
|
$
|
20,201,190
|
|
|
Intangible assets, net
|
|
|
90,400
|
|
|
|
8,809,706
|
|
|
|
283,333
|
|
|
|
9,183,439
|
|
|
Total assets
|
|
|
7,643,471
|
|
|
|
31,457,958
|
|
|
|
2,036,448
|
|
|
|
41,137,877
|
|
|
|
|
Year Ended December 31, 2015
|
|
|
|
|
PDN Network
|
|
|
NAPW
Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership fees and related services
|
|
$
|
-
|
|
|
$
|
24,530,170
|
|
|
$
|
-
|
|
|
$
|
24,530,170
|
|
|
Lead generation revenue
|
|
|
-
|
|
|
|
-
|
|
|
|
9,499,203
|
|
|
|
9,499,203
|
|
|
Recruitment services
|
|
|
3,123,537
|
|
|
|
-
|
|
|
|
-
|
|
|
|
3,123,537
|
|
|
Product sales and other revenue
|
|
|
-
|
|
|
|
748,648
|
|
|
|
-
|
|
|
|
748,648
|
|
|
Consumer advertising and consumer
marketing
solutions revenue
|
|
|
280,043
|
|
|
|
-
|
|
|
|
-
|
|
|
|
280,043
|
|
|
Total revenues
|
|
|
3,403,580
|
|
|
|
25,278,818
|
|
|
|
9,499,203
|
|
|
|
38,181,601
|
|
|
(Loss) income from operations
|
|
|
(2,489,968
|
)
|
|
|
(32,749,542
|
)
|
|
|
(1,152,018
|
)
|
|
|
(36,391,528
|
)
|
|
Depreciation and amortization
|
|
|
378,936
|
|
|
|
3,089,355
|
|
|
|
182,456
|
|
|
|
3,650,747
|
|
|
Income tax (benefit) expense
|
|
|
2,429,932
|
|
|
|
(429,316
|
)
|
|
|
(81,119
|
)
|
|
|
1,919,497
|
|
|
Capital expenditures
|
|
|
-
|
|
|
|
39,463
|
|
|
|
44,774
|
|
|
|
84,237
|
|
|
Net (loss) income
|
|
|
(4,884,307
|
)
|
|
|
(32,320,226
|
)
|
|
|
(1,050,738
|
)
|
|
|
(38,255,271
|
)
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2015
|
|
|
Goodwill
|
|
$
|
339,451
|
|
|
$
|
19,861,739
|
|
|
$
|
-
|
|
|
$
|
20,201,190
|
|
|
Intangible assets, net
|
|
|
90,400
|
|
|
|
11,502,106
|
|
|
|
459,333
|
|
|
|
12,051,839
|
|
|
Total assets
|
|
|
4,167,229
|
|
|
|
34,985,831
|
|
|
|
2,274,756
|
|
|
|
41,427,816
|
|
|