| Segment Information |
16. Segment Information
Since the acquisition of Noble Voice on November 26, 2014 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.
The following tables present key financial information of the Company's reportable segments as of and for the year ended December 31, 2015:
|
|
|
Year Ended December 31, 2015
|
|
|
|
|
|
|
PDN Network
|
|
|
NAPW Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership fees and related services
|
|
|
|
- |
|
|
|
|
24,962,795 |
|
|
|
|
- |
|
|
|
|
24,962,795 |
|
|
Lead generation
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
9,499,203 |
|
|
|
|
9,499,203 |
|
|
Recruitment services
|
|
|
|
3,123,537 |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
3,123,537 |
|
|
Product sales and other
|
|
|
|
- |
|
|
|
|
748,648 |
|
|
|
|
- |
|
|
|
|
748,648 |
|
|
Consumer advertising and marketing solutions
|
|
|
|
280,043 |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
280,043 |
|
|
Total revenues
|
|
|
|
3,403,580 |
|
|
|
|
25,711,443 |
|
|
|
|
9,499,203 |
|
|
|
|
38,614,226 |
|
|
Loss from operations
|
|
|
|
(2,489,968 |
) |
|
|
|
(30,289,825 |
) |
|
|
|
(1,152,018 |
) |
|
|
|
(33,931,811 |
) |
|
Depreciation and amortization
|
|
|
|
378,936 |
|
|
|
|
3,089,355 |
|
|
|
|
182,456 |
|
|
|
|
3,650,747 |
|
|
Income tax expense (benefit)
|
|
|
|
2,429,932 |
|
|
|
|
(429,316 |
) |
|
|
|
(81,119 |
) |
|
|
|
1,919,497 |
|
|
Capital expenditures
|
|
|
|
- |
|
|
|
|
39,463 |
|
|
|
|
44,774 |
|
|
|
|
84,237 |
|
|
Net loss
|
|
|
|
(4,884,307 |
) |
|
|
|
(29,860,509 |
) |
|
|
|
(1,050,738 |
) |
|
|
|
(35,795,554 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
Year Ended December 31, 2014
|
|
|
|
|
|
|
PDN Network
|
|
|
NAPW Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership fees and related services
|
|
|
|
- |
|
|
|
|
5,932,138 |
|
|
|
|
- |
|
|
|
|
5,932,138 |
|
|
Lead generation revenue
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
1,061,041 |
|
|
|
|
1,061,041 |
|
|
Recruitment services
|
|
|
|
2,920,791 |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
2,920,791 |
|
|
Product sales and other revenue
|
|
|
|
- |
|
|
|
|
237,818 |
|
|
|
|
- |
|
|
|
|
237,818 |
|
|
Consumer advertising and consumer marketing solutions revenue
|
|
|
|
1,491,943 |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
1,491,943 |
|
|
Total revenues
|
|
|
|
4,412,734 |
|
|
|
|
6,169,956 |
|
|
|
|
1,061,041 |
|
|
|
|
11,643,731 |
|
|
(Loss) income from operations
|
|
|
|
(3,609,397 |
) |
|
|
|
(2,417,068 |
) |
|
|
|
428,895 |
|
|
|
|
(5,597,570 |
) |
|
Depreciation and amortization
|
|
|
|
369,314 |
|
|
|
|
700,099 |
|
|
|
|
15,038 |
|
|
|
|
1,084,451 |
|
|
Income tax (benefit) expense
|
|
|
|
(3,320,079 |
) |
|
|
|
258,831 |
|
|
|
|
(410 |
) |
|
|
|
(3,062,108 |
) |
|
Capital expenditures
|
|
|
|
37,850 |
|
|
|
|
- |
|
|
|
|
- |
|
|
|
|
37,850 |
|
|
Net (loss) income
|
|
|
|
(1,411,932 |
) |
|
|
|
(2,675,449 |
) |
|
|
|
429,305 |
|
|
|
|
(3,658,076 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2014
|
|
Goodwill
|
|
|
$ |
735,328 |
|
|
|
$ |
44,445,203 |
|
|
|
$ |
- |
|
|
|
$ |
45,180,531 |
|
|
Intangible assets, net
|
|
|
|
90,400 |
|
|
|
|
14,208,492 |
|
|
|
|
635,333 |
|
|
|
|
14,934,225 |
|
|
Total assets
|
|
|
|
9,059,403 |
|
|
|
|
62,213,575 |
|
|
|
|
3,319,494 |
|
|
|
|
74,592,472 |
|
|