Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.7.0.1
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 7 – SEGMENT INFORMATION.


The Company has two identifiable segments as of June 30, 2017; 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 three and six month periods ended June 30, 2017 and June 30,2016.


 

 

For the three months ended

June 30, 2017

 

 

For the three months ended

June 30, 2016

 

 

 

Products

 

 

Services

 

 

Total

 

 

Products

 

 

Services

 

 

Total

 

Revenues

 

$

572,931

 

 

$

93,890

 

 

$

666,821

 

 

$

336,042

 

 

$

123,128

 

 

$

459,170

 

Website Amortization

 

$

 

 

$

75,806

 

 

$

75,806

 

 

$

 

 

$

61,582

 

 

$

61,582

 

Depreciation

 

$

5,707

 

 

$

952

 

 

$

6,659

 

 

$

2,176

 

 

$

1,169

 

 

$

3,345

 

Loss from operations

 

$

(445,896

)

 

$

(317,459

)

 

$

(763,355

)

 

$

(267,198

)

 

$

(242,957

)

 

$

(510,155

)

Segment Assets

 

$

1,728,881

 

 

$

784,566

 

 

$

2,513,447

 

 

$

1,203,841

 

 

$

829,518

 

 

$

2,033,359

 

Purchase of Assets

 

$

6,271

 

 

$

 

 

$

6,271

 

 

$

5,621

 

 

$

6,115

 

 

$

11,736

 


 

 

For the six months ended

June 30, 2017

 

 

For the six months ended

June 30, 2016

 

 

 

Products

 

 

Services

 

 

Total

 

 

Products

 

 

Services

 

 

Total

 

Revenues

 

$

1,124,286

 

 

$

203,633

 

 

$

1,327,919

 

 

$

683,821

 

 

$

199,764

 

 

$

883,585

 

Website Amortization

 

$

 

 

$

151,542

 

 

$

151,542

 

 

$

 

 

$

124,425

 

 

$

124,425

 

Depreciation

 

$

10,285

 

 

$

1,863

 

 

$

12,148

 

 

$

4,888

 

 

$

1,791

 

 

$

6,679

 

Loss from operations

 

$

(845,275

)

 

$

(517,241

)

 

$

(1,362,516

)

 

$

(680,802

)

 

$

(462,187

)

 

$

(1,142,989

)

Segment Assets

 

$

1,728,881

 

 

$

784,566

 

 

$

2,513,447

 

 

$

1,203,841

 

 

$

829,518

 

 

$

2,033,359

 

Purchase of Assets

 

$

14,305

 

 

$

 

 

$

14,305

 

 

$

5,621

 

 

$

131,237

 

 

$

136,858