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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

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- 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

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