Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

v3.7.0.1
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 7 – SEGMENT INFORMATION


The Company has two identifiable segments as of December 31, 2016; products and services. The products segment sells merchandise directly to customers thorough e-commerce distributor portals such as Amazon and eBay and through our proprietary websites and retail location. The services segment is focused on producing advertising revenue generated by users "clicking" on website advertisements utilizing several ad network partners and direct advertisers and subscription revenue generated by the sale of access to career postings on one of our websites.


The following information represents segment activity for the year ended December 31, 2016:


 

 

For the year ended

December 31, 2016

 

 

 

Products

 

 

Services

 

 

Total

 

Revenues

 

$

1,499,010

 

 

$

434,775

 

 

$

1,933,785

 

Website Amortization

 

$

 

 

$

252,134

 

 

$

252,134

 

Depreciation

 

$

10,817

 

 

$

3,138

 

 

$

13,955

 

Impairment

 

$

 

 

$

95,773

 

 

$

95,773

 

Loss from operations

 

$

(1,526,442

)

 

$

(766,940

)

 

$

(2,293,382

)

Segment Assets

 

$

1,648,690

 

 

$

1,331,655

 

 

$

2,980,345

 


The following information represents segment activity for the year ended December 31, 2015:


 

 

For the year ended

December 31, 2015

 

 

 

Products

 

 

Services

 

 

Total

 

Revenues

 

$

1,408,481

 

 

$

283,598

 

 

$

1,692,079

 

Website Amortization

 

$

 

 

$

181,905

 

 

$

181,905

 

Depreciation

 

$

11,860

 

 

$

2,388

 

 

$

14,248

 

Impairment

 

$

 

 

$

70,531

 

 

$

70,531

 

Loss from operations

 

$

(1,181,233

)

 

$

(491,861

)

 

$

(1,673,094

)

Segment Assets

 

$

1,582,563

 

 

$

737,028

 

 

$

2,319,591