Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information

Note 11 - Segment Information

 

We manage our business in three segments based on geographic location for which operating managers are responsible to the Chief Executive Officer. These segments historically have included: (i) North America, (ii) United Kingdom, and (iii) Other Foreign Markets. We no longer operate in the Other Foreign Markets segment. Operating results, as reported below, are reviewed regularly by our Chief Executive Officer, or Chief Operating Decision Maker (“CODM”) and other members of the executive team.

 

The proportion of our total revenue attributable to each segment is as follows:

 

  2022     2021  
    Three Months Ended
March 31,		  
As a percentage of total revenue   2022     2021  
North America     100.0 %     66.4 %
U.K.     — %     33.6 %
Other foreign markets     — %     — %
Total consolidated revenue     100.0 %     100.0 %

 

Operating results for the segments are as follows:

 

    2022     2021  
    Three Months Ended
March 31,		  
    2022     2021  
Segment revenue   (In thousands)  
North America   $ 285     $ 1,740  
U.K.     —       880  
Other foreign markets     —       —  
Total consolidated revenue   $ 285     $ 2,620  

 

    2022     2021  
    Three Months Ended
March 31,		  
    2022     2021  
Segment gross profit contribution *   (In thousands)  
North America   $ 92     $ 1,412  
U.K.     1       716  
Other foreign markets     —       —  
Total consolidated gross profit   $ 93     $ 2,128  

 

* Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expenses.

 

    2022     2021  
    Three Months Ended
March 31,		  
    2022     2021  
Depreciation and amortization expenses   (In thousands)  
North America   $ —     $ 2  
U.K.     —       1  
Other foreign markets     —       —  
Total consolidated depreciation and amortization expenses   $ —     $ 3  

 

    March 31,     December 31,  
    2022     2021  
Segment identifiable assets   (In thousands)  
North America   $ 607     $ 1,348  
U.K.     60       126  
Other foreign markets     191       175  
Total consolidated identifiable assets   $ 858     $ 1,649