Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.7.0.1
Segment Information
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
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 and six months ended June 30, 2017 and 2016:

 
  
Three Months Ended June 30, 2017
  
 
  
United States
              
 
  
PDN Network
    
NAPW Network
    
Noble Voice
    
China
Operations
    
Consolidated
  
 
                              
Membership fees and related  services
  
$
-
    
$
2,444,797
    
$
-
    
$
-
    
$
2,444,797
  
Lead generation
    
-
      
-
      
1,604,767
      
-
      
1,604,767
  
Recruitment  services
    
624,103
      
-
      
-
      
-
      
624,103
  
Products sales and other
    
-
      
26,573
      
-
      
-
      
26,573
  
Education and training
    
-
      
-
      
-
      
505,490
      
505,490
  
Consumer advertising and marketing solutions
    
58,327
      
-
      
-
      
-
      
58,327
  
Total revenues
    
682,430
      
2,471,370
      
1,604,767
      
505,490
      
5,264,057
  
Loss from operations
    
(526,632
)
    
(11,251,687
)
    
(555,471
)
    
(93,111
)
    
(12,426,901
)
Depreciation and amortization
    
7,057
      
741,191
      
49,870
      
2,665
      
800,783
  
Income tax expense (benefit)
    
107,852
      
(459,597
)
    
16,153
      
(9,426
)
    
(345,018
)
Net loss
    
(626,546
)
    
(10,792,090
)
    
(571,624
)
    
(84,684
)
    
(12,074,944
)
Capital expenditures
    
1,593
      
6,832
      
-
      
3,850
      
12,275
  
 
 
  
Six Months Ended June 30, 2017
  
 
  
United States
              
 
  
PDN Network
    
NAPW Network
    
Noble Voice
    
China
Operations
    
Consolidated
  
 
                              
Membership fees and related  services
  
$
-
    
$
5,260,293
    
$
-
    
$
-
    
$
5,260,293
  
Lead generation
    
-
      
-
      
3,328,934
      
-
      
3,328,934
  
Recruitment  services
    
1,282,647
      
-
      
-
      
-
      
1,282,647
  
Products sales and other
    
-
      
72,941
      
-
      
-
      
72,941
  
Education and training
    
-
      
-
      
-
      
829,694
      
829,694
  
Consumer advertising and marketing solutions
    
124,029
      
-
      
-
      
-
      
124,029
  
Total revenues
    
1,406,676
      
5,333,234
      
3,328,934
      
829,694
      
10,898,538
  
Loss from operations
    
(1,752,853
)
    
(13,317,855
)
    
(1,000,969
)
    
(46,618
)
    
(16,118,295
)
Depreciation and amortization
    
53,886
      
1,480,317
      
99,745
      
2,665
      
1,636,613
  
Income tax expense (benefit)
    
(108,133
)
    
(820,542
)
    
(61,672
)
    
43,043
      
(947,304
)
Net loss
    
(1,646,931
)
    
(12,497,313
)
    
(939,297
)
    
(92,984
)
    
(15,176,525
)
Capital expenditures
    
7,147
      
10,646
      
341
      
35,704
      
53,838
  
 
 
  
June 30, 2017
  
Goodwill
  
$
339,451
    
$
9,941,434
    
$
-
    
$
-
    
$
10,280,885
  
Intangible assets, net
    
90,400
      
7,463,506
      
195,333
      
-
      
7,749,239
  
Total assets
    
3,361,676
      
19,352,949
      
1,928,366
      
2,882,877
      
27,525,868
  


 
  
Three Months Ended June 30, 2016
  
 
  
PDN
Network
    
NAPW
Network
    
Noble Voice
    
Consolidated
  
 
                        
Membership fees and related services
  
$
-
    
$
4,259,144
    
$
-
    
$
4,259,144
  
Lead generation
    
-
      
-
      
1,415,958
      
1,415,958
  
Recruitment services
    
717,360
      
-
      
-
      
717,360
  
Products sales and other
    
-
      
404,590
      
-
      
404,590
  
Consumer advertising and marketing solutions
    
53,976
      
-
      
-
      
53,976
  
Total revenues
    
771,336
      
4,663,734
      
1,415,958
      
6,851,028
  
Loss from operations
    
(289,066
)
    
(232,145
)
    
(419,968
)
    
(941,179
)
Depreciation and amortization
    
47,318
      
697,166
      
66,748
      
811,232
  
Income tax expense (benefit)
    
2,630
      
18,059
      
(156,858
)
    
(136,169
)
Net loss
    
(292,955
)
    
(250,204
)
    
(263,110
)
    
(806,269
)

 
  
Six Months Ended June 30, 2016
  
 
  
PDN
Network
    
NAPW
Network
    
Noble Voice
    
Consolidated
  
 
                        
Membership fees and related services
  
$
-
    
$
9,299,318
    
$
-
    
$
9,299,318
  
Lead generation
    
-
      
-
      
2,935,549
      
2,935,549
  
Recruitment services
    
1,340,669
      
-
      
-
      
1,340,669
  
Products sales and other
    
-
      
491,583
      
-
      
491,583
  
Consumer advertising and marketing solutions
    
127,052
      
-
      
-
      
127,052
  
Total revenues
    
1,467,721
      
9,790,901
      
2,935,549
      
14,194,171
  
Loss from operations
    
(720,892
)
    
(1,278,890
)
    
(840,002
)
    
(2,839,784
)
Depreciation and amortization
    
96,650
      
1,469,230
      
112,362
      
1,678,242
  
Income benefit
    
(150,909
)
    
(267,672
)
    
(175,812
)
    
(594,393
)
Net loss
    
(570,499
)
    
(1,011,218
)
    
(664,190
)
    
(2,245,907
)
 
 
  
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