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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information

12. Segment Information

 

The Company operates in the following segments: (i) PDN Network, (ii) NAPW Network and (iii) Corporate Overhead. The financial results of China Operations have been reclassified from the Company’s reportable segments to discontinued operations for all periods presented.

 

The following tables present key financial information related of the Company’s reportable segments related to financial position as of June 30, 2021 and December 31, 2020 and results of operations for the three and six months ended June 30, 2021 and 2020:

    Three Months Ended June 30, 2021  
    PDN     NAPW     Corporate        
    Network     Network     Overhead     Consolidated  
Membership fees and related services   $ -     $ 257,878     $ -     $ 257,878  
Recruitment services     1,151,685       -       -       1,151,685  
Products sales and other     -       1,908       -       1,908  
Consumer advertising and marketing solutions     48,694       -       -       48,694  
Total revenues     1,200,379       259,786       -       1,460,165  
Income (loss) from continuing operations     293,211       (171,460 )     (663,279 )     (541,528 )
Depreciation and amortization     2,419       26,657       -       29,076  
Income tax (benefit) expense     (18,675 )      14,885       53,724       49,934  
Net loss from continuing operations     313,443       (186,051 )     (717,003 )     (589,612 )

 

   As of June 30, 2021 
Goodwill  $339,451   $-   $-   $339,451 
Intangibles assets, net   90,400    247,674    -    338,074 
Assets from continuing operations   4,927,004    766,808    -    5,693,812 

 

   Three Months Ended June 30, 2020 
   PDN   NAPW   Corporate     
   Network   Network   Overhead   Consolidated 
Membership fees and related services  $-   $353,408   $-   $353,408 
Recruitment services   572,233    -    -    572,233 
Products sales and other   -    1,899    -    1,899 
Consumer advertising and marketing solutions   24,290    -    -    24,290 
Total revenues   596,523    355,307    -    951,830 
Loss from continuing operations   (82,526)   (370,196)   (1,346,391)   (1,799,113)
Depreciation and amortization   11,835    36,013    -    47,848 
Income tax benefit   (121)   (2,201)   (10,190)   (12,512)
Net loss from continuing operations   (76,855)   (367,995)   (1,336,201)   (1,781,051)

 

   As of December 31, 2020 
Goodwill  $339,451   $-   $-   $339,451 
Intangibles assets, net   90,400    323,881    -    414,281 
Assets from continuing operations   2,103,830    1,197,336    -    3,301,166 

 

 

    Six Months Ended June 30, 2021  
    PDN     NAPW     Corporate        
    Network     Network     Overhead     Consolidated  
Membership fees and related services   $ -     $ 521,083     $ -     $ 521,083  
Recruitment services     2,326,765       -       -       2,326,765  
Products sales and other     -       3,339       -       3,339  
Consumer advertising and marketing solutions     93,830       -       -       93,830  
Total revenues     2,420,595       524,422       -       2,945,017  
Income (loss) from continuing operations     606,035       (417,879 )     (1,553,159 )     (1,365,005 )
Depreciation and amortization     3,597       55,086       -       58,683  
Income tax expense (benefit)     9,431       (5,735 )     (20,739 )      (17,043 )
Net income (loss) from continuing operations     599,338       (412,144 )     (1,532,420 )     (1,345,227 )

 

   Six Months Ended June 30, 2020 
   PDN   NAPW   Corporate     
   Network   Network   Overhead   Consolidated 
Membership fees and related services  $-   $737,239   $-   $737,239 
Recruitment services   1,138,920    -    -    1,138,920 
Products sales and other   -    3,330    -    3,330 
Consumer advertising and marketing solutions   54,638    -    -    54,638 
Total revenues   1,193,558    740,569    -    1,934,127 
Loss from continuing operations   (232,550)   (438,306)   (2,557,261)   (3,228,117)
Depreciation and amortization   26,510    73,339    -    99,849 
Income tax benefit   (1,072)   (2,608)   (14,741)   (18,421)
Net loss from continuing operations   (225,264)   (435,698)   (2,542,520)   (3,203,482)