| 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, 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
|
|
|