| Segment Information |
13. Segment Information
Since the acquisition of Noble Vice on November 26, 2015 and the merger with NAPW on September 24, 2014, 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. For the three months ended March 31, 2014, the Company operated a single segment which solely consisted of the business of PDN Network.
The following tables present key financial information of the Company's reportable segments as of and for the three months ended March 31, 2015:
|
|
Three Months Ended March 31, 2015
|
|
|
|
PDN Network
|
|
|
NAPW Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recruitment services
|
|
$ |
846,662 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
846,662 |
|
|
Consumer advertising and marketing solutions
|
|
|
72,301 |
|
|
|
- |
|
|
|
- |
|
|
|
72,301 |
|
|
Membership fees and related services
|
|
|
- |
|
|
|
6,788,680 |
|
|
|
- |
|
|
|
6,788,680 |
|
|
Lead generation
|
|
|
- |
|
|
|
- |
|
|
|
2,759,104 |
|
|
|
2,759,104 |
|
|
Products sales and other
|
|
|
- |
|
|
|
235,693 |
|
|
|
- |
|
|
|
235,693 |
|
|
Total revenues
|
|
|
918,963 |
|
|
|
7,024,373 |
|
|
|
2,759,104 |
|
|
|
10,702,440 |
|
|
Loss from operations
|
|
|
(599,904 |
) |
|
|
(1,549,060 |
) |
|
|
(354,257 |
) |
|
|
(2,503,221 |
) |
|
Depreciation and amortization
|
|
|
96,014 |
|
|
|
793,392 |
|
|
|
45,517 |
|
|
|
934,923 |
|
|
Income tax benefit
|
|
|
(236,980 |
) |
|
|
(595,035 |
) |
|
|
(137,611 |
) |
|
|
(969,626 |
) |
|
Capital expenditures
|
|
|
- |
|
|
|
16,347 |
|
|
|
10,056 |
|
|
|
26,403 |
|
|
Net loss
|
|
|
(372,206 |
) |
|
|
(954,025 |
) |
|
|
(216,647 |
) |
|
|
(1,542,878 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
At March 31, 2015
|
|
|
Goodwill
|
|
$ |
735,328 |
|
|
$ |
44,445,203 |
|
|
$ |
- |
|
|
$ |
45,180,531 |
|
|
Intangible assets, net
|
|
|
90,400 |
|
|
|
13,521,405 |
|
|
|
591,333 |
|
|
|
14,203,138 |
|
|
Total assets
|
|
|
6,705,798 |
|
|
|
62,624,260 |
|
|
|
3,369,275 |
|
|
|
72,699,333 |
|
|