Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.5.0.2
Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
11. 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 and six months ended June 30, 2016 and 2015:
 
 
  
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
)
                                 
 
  
At June 30, 2016
  
Goodwill
  
$
339,451
    
$
19,861,739
    
$
-
    
$
20,201,190
  
Intangible assets, net
    
90,400
      
10,155,906
      
371,333
      
10,617,639
  
Total assets
    
2,324,978
      
33,216,315
      
1,829,015
      
37,370,308
  
 
 
  
Three Months Ended June 30, 2015
  
 
  
PDN
 Network
    
NAPW
 Network
    
Noble Voice
    
Consolidated
  
 
                        
Membership fees and related services
  
$
-
    
$
6,754,247
    
$
-
    
$
6,754,247
  
Lead generation
    
-
      
-
      
2,760,022
      
2,760,022
  
Recruitment services
    
756,039
      
-
      
-
      
756,039
  
Products sales and other
    
-
      
64,736
      
-
      
64,736
  
Consumer advertising and marketing solutions
    
63,785
      
-
      
-
      
63,785
  
Total revenues
    
819,824
      
6,818,983
      
2,760,022
      
10,398,829
  
Loss from operations
    
(636,691
)
    
(592,698
)
    
(125,003
)
    
(1,324,392
)
Depreciation and amortization
    
95,741
      
728,821
      
45,711
      
870,273
  
Income tax benefit
    
(229,652
)
    
(219,086
)
    
(48,458
)
    
(497,196
)
Capital expenditures
    
-
      
33,869
      
3,882
      
37,751
  
Net loss
    
(358,122
)
    
(343,612
)
    
(76,545
)
    
(778,279
)
 
 
  
Six Months Ended June 30, 2015
  
 
  
PDN
 Network
    
NAPW
 Network
    
Noble Voice
    
Consolidated
  
 
                        
Membership fees and related
services
  
$
-
    
$
13,542,927
    
$
-
    
$
13,542,927
  
Lead generation
    
-
      
-
      
5,519,126
      
5,519,126
  
Recruitment services
    
1,602,701
      
-
      
-
      
1,602,701
  
Products sales and other
    
-
      
300,429
      
-
      
300,429
  
Consumer advertising and marketing
solutions
    
136,086
      
-
      
-
      
136,086
  
Total revenues
    
1,738,787
      
13,843,356
      
5,519,126
      
21,101,269
  
Loss from operations
    
(1,236,595
)
    
(2,111,758
)
    
(479,260
)
    
(3,827,613
)
Depreciation and amortization
    
191,755
      
1,522,213
      
91,228
      
1,805,196
  
Income tax benefit
    
(466,632
)
    
(814,121
)
    
(186,069
)
    
(1,466,822
)
Capital expenditures
    
-
      
50,216
      
13,938
      
64,154
  
Net loss
    
(730,329
)
    
(1,297,637
)
    
(293,191
)
    
(2,321,157
)

 
  
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