| Schedule of Segment Information |
The following tables present key financial
information of the Company’s reportable segments as of and for the years ended December 31, 2017 and 2016:
| |
|
Year Ended December 31, 2017 |
|
| |
|
United States |
|
|
|
|
|
|
|
| |
|
PDN
Network
|
|
|
NAPW
Network
|
|
|
Noble Voice |
|
|
China Operations |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
9,371,843 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
9,371,843 |
|
| Lead generation |
|
|
- |
|
|
|
- |
|
|
|
5,973,964 |
|
|
|
- |
|
|
|
5,973,964 |
|
| Recruitment services |
|
|
2,578,597 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,578,597 |
|
| Products sales and other |
|
|
- |
|
|
|
100,289 |
|
|
|
- |
|
|
|
- |
|
|
|
100,289 |
|
| Education and training |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
3,776,546 |
|
|
|
3,776,546 |
|
| Consumer advertising and marketing solutions |
|
|
252,980 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
252,980 |
|
| Total revenues |
|
|
2,831,577 |
|
|
|
9,472,132 |
|
|
|
5,973,964 |
|
|
|
3,776,546 |
|
|
|
22,054,219 |
|
| Income (Loss) from operations |
|
|
(2,270,138 |
) |
|
|
(20,411,655 |
) |
|
|
(1,808,521 |
) |
|
|
453,064 |
|
|
|
(24,037,250 |
) |
| Depreciation and amortization |
|
|
83,367 |
|
|
|
2914,076 |
|
|
|
189,527 |
|
|
|
10,221 |
|
|
|
3,197,191 |
|
| Income tax expense (benefit) |
|
|
(154,826 |
) |
|
|
(1,583,553 |
) |
|
|
(111,376 |
) |
|
|
104,241 |
|
|
|
(1,745,514 |
) |
| Net loss |
|
|
(2,094,459 |
) |
|
|
(18,828,102 |
) |
|
|
(1,697,145 |
) |
|
|
332,157 |
|
|
|
(22,287,549 |
) |
| Capital expenditures |
|
|
100,823 |
|
|
|
10,646 |
|
|
|
(7,634 |
) |
|
|
49,793 |
|
|
|
153,628 |
|
| |
|
At December 31, 2017 |
|
| Goodwill |
|
$ |
339,451 |
|
|
$ |
5,250,699 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,590,150 |
|
| Intangible assets, net |
|
|
90,400 |
|
|
|
6,174,306 |
|
|
|
116,500 |
|
|
|
- |
|
|
|
6,381,206 |
|
| Total assets |
|
|
1,726,061 |
|
|
|
12,889,367 |
|
|
|
1,317,213 |
|
|
|
3,056,281 |
|
|
|
18,988,922 |
|
| |
|
Year Ended December 31, 2016 |
|
| |
|
PDN Network |
|
|
NAPW
Network
|
|
|
Noble Voice |
|
|
Consolidated |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Membership fees and related services |
|
$ |
- |
|
|
$ |
16,254,932 |
|
|
$ |
- |
|
|
$ |
16,254,932 |
|
| Lead generation revenue |
|
|
- |
|
|
|
- |
|
|
|
6,239,057 |
|
|
|
6,239,057 |
|
| Recruitment services |
|
|
2,931,642 |
|
|
|
- |
|
|
|
- |
|
|
|
2,931,642 |
|
| Product sales and other revenue |
|
|
- |
|
|
|
578,466 |
|
|
|
- |
|
|
|
578,466 |
|
| Consumer advertising and consumer marketing solutions |
|
|
222,969 |
|
|
|
- |
|
|
|
- |
|
|
|
222,969 |
|
| Total revenues |
|
|
3,154,611 |
|
|
|
16,833,398 |
|
|
|
6,239,057 |
|
|
|
26,227,066 |
|
| Income (Loss) from operations |
|
|
(997,569 |
) |
|
|
(1,458,503 |
) |
|
|
(1,130,391 |
) |
|
|
(3,586,463 |
) |
| Depreciation and amortization |
|
|
168,192 |
|
|
|
2,946,323 |
|
|
|
209,196 |
|
|
|
3,323,711 |
|
| Income tax expense (benefit) |
|
|
(671,665 |
) |
|
|
(348,145 |
) |
|
|
(269,824 |
) |
|
|
(1,289,634 |
) |
| Net (loss) income |
|
|
(2,137,577 |
) |
|
|
(1,110,358 |
) |
|
|
(860,567 |
) |
|
|
(4,108,502 |
) |
| Capital expenditures |
|
|
- |
|
|
|
5,292 |
|
|
|
- |
|
|
|
5,292 |
|
| |
|
At 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 |
|
|