| Segment Information |
11. Segment Information
Beginning in January 2017, the Company operates in the following segments: (A) United States: (i) PDN Network, (ii) NAPW Network and (iii) Noble Voice operations, and (B) China Operations. The segments are categorized based on their business activities and organization. Prior to January 2017, the Company operated solely in the United States in the following segments: (i) PDN Network, (ii) NAPW Network and (iii) Noble Voice operations. The following tables present key financial information of the Company’s reportable segments as of and for the three months ended March 31, 2017 and 2016:
| |
|
Three Months Ended March 31, 2017
|
|
| |
|
United States
|
|
|
|
|
|
|
|
| |
|
PDN Network
|
|
|
NAPW Network
|
|
|
Noble Voice
|
|
|
China
Operations
|
|
|
Consolidated
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership
fees and
related
services
|
|
$
|
-
|
|
|
$
|
2,815,496
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
2,815,496
|
|
|
Lead
generation
|
|
|
-
|
|
|
|
-
|
|
|
|
1,724,167
|
|
|
|
-
|
|
|
|
1,724,167
|
|
|
Recruitment
services
|
|
|
658,544
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
658,544
|
|
|
Products
sales and
other
|
|
|
-
|
|
|
|
46,368
|
|
|
|
-
|
|
|
|
-
|
|
|
|
46,368
|
|
|
Education
and training
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
324,204
|
|
|
|
324,204
|
|
|
Consumer
advertisin
g and
marketing
solutions
|
|
|
65,702
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
65,702
|
|
|
Total
revenues
|
|
|
724,246
|
|
|
|
2,861,864
|
|
|
|
1,724,167
|
|
|
|
324,204
|
|
|
|
5,634,481
|
|
|
(Loss)
income from
operations
|
|
|
(1,226,221
|
)
|
|
|
(2,066,168
|
)
|
|
|
(445,498
|
)
|
|
|
46,493
|
|
|
|
(3,691,394
|
)
|
|
Depreciatio
n and
amortization
|
|
|
46,829
|
|
|
|
739,126
|
|
|
|
49,875
|
|
|
|
-
|
|
|
|
835,830
|
|
|
Income tax
expense
(benefit)
|
|
|
(215,985
|
)
|
|
|
(360,945
|
)
|
|
|
(77,825
|
)
|
|
|
52,469
|
|
|
|
(602,286
|
)
|
|
Net loss
|
|
|
(1,020,385
|
)
|
|
|
(1,705,223
|
)
|
|
|
(367,673
|
)
|
|
|
(8,300
|
)
|
|
|
(3,101,581
|
)
|
|
Capital
expenditures
|
|
|
5,554
|
|
|
|
3,814
|
|
|
|
341
|
|
|
|
31,854
|
|
|
|
41,563
|
|
| |
|
March 31, 2017
|
|
|
Goodwill
|
|
$
|
339,451
|
|
|
$
|
19,861,739
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
20,201,190
|
|
|
Intangible
assets, net
|
|
|
90,400
|
|
|
|
8,136,606
|
|
|
|
239,333
|
|
|
|
-
|
|
|
|
8,466,339
|
|
|
Total assets
|
|
|
6,503,219
|
|
|
|
30,978,114
|
|
|
|
1,968,654
|
|
|
|
514,101
|
|
|
|
39,964,088
|
|
|
|
|
Three Months Ended March 31, 2016
|
|
|
|
|
PDN Network
|
|
|
NAPW
Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership fees and related services
|
|
$
|
-
|
|
|
$
|
5,040,174
|
|
|
$
|
-
|
|
|
$
|
5,040,174
|
|
|
Lead generation
|
|
|
-
|
|
|
|
-
|
|
|
|
1,519,591
|
|
|
|
1,519,591
|
|
|
Recruitment services
|
|
|
623,309
|
|
|
|
-
|
|
|
|
-
|
|
|
|
623,309
|
|
|
Products sales and other
|
|
|
-
|
|
|
|
86,993
|
|
|
|
-
|
|
|
|
86,993
|
|
|
Consumer advertising and marketing solutions
|
|
|
73,076
|
|
|
|
-
|
|
|
|
-
|
|
|
|
73,076
|
|
|
Total revenues
|
|
|
696,385
|
|
|
|
5,127,167
|
|
|
|
1,519,591
|
|
|
|
7,343,143
|
|
|
Loss from operations
|
|
|
(431,826
|
)
|
|
|
(1,046,745
|
)
|
|
|
(420,034
|
)
|
|
|
(1,898,605
|
)
|
|
Depreciation and amortization
|
|
|
49,332
|
|
|
|
772,064
|
|
|
|
45,614
|
|
|
|
867,010
|
|
|
Income tax benefit
|
|
|
(153,539
|
)
|
|
|
(285,731
|
)
|
|
|
(18,954
|
)
|
|
|
(458,224
|
)
|
|
Net loss
|
|
|
(277,544
|
)
|
|
|
(761,014
|
)
|
|
|
(401,080
|
)
|
|
|
(1,439,638
|
)
|
|
|
|
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
|
|
|