XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Note 10 – Segment Information The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the years ended December 31, 2016 and 2015 and as of December 31, 2016 and 2015, are as follows:
|  | Conventions |  |  | ConBox |  |  | Total |
Year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 21,994,433 |  |  | $ | 707,101 |  |  | $ | 22,701,534 |
Cost of revenue |  |  | (14,972,190 | ) |  |  | (1,029,898 | ) |  |  | (16,002,088 | )
Write-off of obsolete inventory |  |  | (164,903 | ) |  |  | - |  |  |  | (164,903 | )
Gross margin |  |  | 6,857,340 |  |  |  | (322,797 | ) |  |  | 6,534,543 |
Operating expenses |  |  | (7,627,847 | ) |  |  | (88,942 | ) |  |  | (7,716,789 | )
Operating loss |  |  | (770,507 | ) |  |  | (411,739 | ) |  |  | (1,182,246 | )
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 22,905,636 |  |  | $ | 1,120,535 |  |  | $ | 24,026,171 |
Cost of revenue |  |  | (17,744,611 | ) |  |  | (1,015,420 | ) |  |  | (18,760,031 | )
Gross margin |  |  | 5,161,025 |  |  |  | 105,115 |  |  |  | 5,266,140 |
Operating expenses |  |  | (8,099,836 | ) |  |  | (48,132 | ) |  |  | (8,147,968 | )
Operating profit (loss) |  |  | (2,938,811 | ) |  |  | 56,983 |  |  |  | (2,881,828 | )
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 128,561 |  |  | $ | 59,258 |  |  | $ | 187,819 |
Total assets |  |  | 5,775,871 |  |  |  | 59,258 |  |  |  | 5,835,129 |
Unearned revenue |  |  | 1,479,392 |  |  |  | 95,546 |  |  |  | 1,574,938 |
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 108,795 |  |  | $ | 298,347 |  |  | $ | 407,142 |
Total assets |  |  | 6,106,772 |  |  |  | 664,722 |  |  |  | 6,771,494 |
Unearned revenue |  |  | 3,340,837 |  |  |  | 390,661 |  |  |  | 3,731,498 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration