| Segment Information |
10. Segment Information
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 three months ended March 31, 2016 and 2015:
| |
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 expense (benefit)
|
|
|
(153,539
|
)
|
|
|
(285,731
|
)
|
|
|
(18,954
|
)
|
|
|
(458,224
|
)
|
|
Net loss
|
|
|
(277,544
|
)
|
|
|
(761,014
|
)
|
|
|
(401,080
|
)
|
|
|
(1,439,638
|
)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
At March 31, 2016
|
|
|
Goodwill
|
|
$
|
339,451
|
|
|
$
|
19,861,739
|
|
|
$
|
-
|
|
|
$
|
20,201,190
|
|
|
Intangible assets, net
|
|
|
90,400
|
|
|
|
10,829,006
|
|
|
|
415,333
|
|
|
|
11,334,739
|
|
|
Total assets
|
|
|
3,006,675
|
|
|
|
34,364,118
|
|
|
|
1,860,680
|
|
|
|
39,231,473
|
|
| |
|
Three Months Ended March 31, 2015
|
|
| |
|
PDN Network
|
|
|
NAPW Network
|
|
|
Noble Voice
|
|
|
Consolidated
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Membership fees and related services
|
|
$ |
- |
|
|
$ |
6,788,680 |
|
|
$ |
- |
|
|
$ |
6,788,680 |
|
|
Lead generation
|
|
|
- |
|
|
|
- |
|
|
|
2,759,104 |
|
|
|
2,759,104 |
|
|
Recruitment services
|
|
|
846,662 |
|
|
|
- |
|
|
|
- |
|
|
|
846,662 |
|
|
Products sales and other
|
|
|
- |
|
|
|
235,693 |
|
|
|
- |
|
|
|
235,693 |
|
|
Consumer advertising and marketing solutions
|
|
|
72,301 |
|
|
|
- |
|
|
|
- |
|
|
|
72,301 |
|
|
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 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 |
|
|