Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
 9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016:

 
  
Three Months Ended September 30, 2017
  
 
  
United States
              
 
  
PDN
Network
    
NAPW
Network
    
Noble Voice
    
China
Operations
    
Consolidated
  
 
                              
Membership fees and related  services
  
$
-
    
$
2,204,909
    
$
-
    
$
-
    
$
2,204,909
  
Lead generation
    
-
      
-
      
1,370,465
      
-
      
1,370,465
  
Recruitment  services
    
694,454
      
-
      
-
      
-
      
694,454
  
Products sales and other
    
-
      
18,285
      
-
      
-
      
18,285
  
Education and training
    
-
      
-
      
-
      
68,890
      
68,890
  
Consumer advertising and marketing solutions
    
65,188
      
-
      
-
      
-
      
65,188
  
Total revenues
    
759,642
      
2,223,194
      
1,370,465
      
68,890
      
4,422,191
  
Loss from operations
    
(249,017
)
    
(1,651,322
)
    
(448,310
)
    
(362,004
)
    
(2,710,653
)
Depreciation and amortization
    
13,213
      
740,489
      
49,754
      
3,442
      
806,898
  
Income tax expense (benefit)
    
(17,311
)
    
(123,091
)
    
(29,688
)
    
(43,043
)
    
(213,133
)
Net loss
    
(217,589
)
    
(1,528,231
)
    
(418,622
)
    
(323,643
)
    
(2,488,085
)
Capital expenditures
    
93,676
      
-
      
(5,575
)
    
12,356
      
100,457
  
 
 
  
Nine Months Ended September 30, 2017
  
 
  
United States
              
 
  
PDN
Network
    
NAPW
Network
    
Noble Voice
    
China
Operations
    
Consolidated
  
 
                              
Membership fees and related  services
  
$
-
    
$
7,465,202
    
$
-
    
$
-
    
$
7,465,202
  
Lead generation
    
-
      
-
      
4,699,399
      
-
      
4,699,399
  
Recruitment  services
    
1,977,101
      
-
      
-
      
-
      
1,977,101
  
Products sales and other
    
-
      
91,226
      
-
      
-
      
91,226
  
Education and training
    
-
      
-
      
-
      
898,584
      
898,584
  
Consumer advertising and marketing solutions
    
189,217
      
-
      
-
      
-
      
189,217
  
Total revenues
    
2,166,318
      
7,556,428
      
4,699,399
      
898,584
      
15,320,729
  
Loss from operations
    
(2,001,870
)
    
(14,969,177
)
    
(1,449,279
)
    
(408,622
)
    
(18,828,948
)
Depreciation and amortization
    
67,099
      
2,220,806
      
149,499
      
6,107
      
2,443,511
  
Income tax expense (benefit)
    
(125,444
)
    
(943,633
)
    
(91,360
)
    
-
      
(1,160,437
)
Net loss
    
(1,864,520
)
    
(14,025,544
)
    
(1,357,919
)
    
(416,627
)
    
(17,664,610
)
Capital expenditures
    
100,823
      
10,646
      
(5,234
)
    
48,060
      
154,295
  
 
 
  
September 30, 2017
  
Goodwill
  
$
339,451
    
$
9,941,434
    
$
-
    
$
-
    
$
10,280,885
  
Intangible assets, net
    
90,400
      
6,793,406
      
151,333
      
-
      
7,035,139
  
Total assets
    
1,814,350
      
18,425,123
      
1,624,568
      
2,257,796
      
24,121,837
  

 
  
Three Months Ended September 30, 2016
  
 
  
PDN Network
    
NAPW
Network
    
Noble Voice
    
Consolidated
  
 
                        
Membership fees and related services
  
$
-
    
$
3,748,334
    
$
-
    
$
3,748,334
  
Lead generation
    
-
      
-
      
1,554,370
      
1,554,370
  
Recruitment services
    
954,887
      
-
      
-
      
954,887
  
Products sales and other
    
-
      
52,857
      
-
      
52,857
  
Consumer advertising and marketing solutions
    
49,719
      
-
      
-
      
49,719
  
Total revenues
    
1,004,606
      
3,801,191
      
1,554,370
      
6,360,167
  
Loss from operations
    
(118,948
)
    
(894,361
)
    
(266,893
)
    
(1,280,202
)
Depreciation and amortization
    
33,471
      
738,473
      
47,950
      
819,894
  
Income tax expense (benefit)
    
(222,808
)
    
(289,767
)
    
(111,124
)
    
(623,699
)
Net loss
    
(512,771
)
    
(604,594
)
    
(155,769
)
    
(1,273,134
)

 
  
Nine Months Ended September 30, 2016
  
 
  
PDN Network
    
NAPW
Network
    
Noble Voice
    
Consolidated
  
 
                        
Membership fees and related services
  
$
-
    
$
13,047,652
    
$
-
    
$
13,047,652
  
Lead generation
    
-
      
-
      
4,489,919
      
4,489,919
  
Recruitment services
    
2,295,556
      
-
      
-
      
2,295,556
  
Products sales and other
    
-
      
544,440
      
-
      
544,440
  
Consumer advertising and marketing solutions
    
176,771
      
-
      
-
      
176,771
  
Total revenues
    
2,472,327
      
13,592,092
      
4,489,919
      
20,554,338
  
Loss from operations
    
(839,840
)
    
(2,173,251
)
    
(1,106,895
)
    
(4,119,986
)
Depreciation and amortization
    
130,121
      
2,207,703
      
160,312
      
2,498,136
  
Income benefit
    
(373,717
)
    
(557,439
)
    
(286,936
)
    
(1,218,092
)
Net loss
    
(1,083,270
)
    
(1,615,812
)
    
(819,959
)
    
(3,519,041
)
 
 
  
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