Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.22.2.2
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Percentage of Total Revenue

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

Schedule of Percentage of Total Revenue 

    Years Ended December 31,  
As a percentage of total revenue   2021     2020  
North America     65.1 %     91.1 %
U.K.     34.9 %     3.3 %
Other foreign markets     - %     5.6 %
Total consolidated revenue     100.0 %     100.0 %
Schedule of Operating Results for the Segments

Operating results for the segments are as follows:

Schedule of Operating Results for the Segments 

    Years Ended December 31,  
    2021     2020  
Segment revenue   (In thousands)  
North America   $ 5,021     $ 23,596  
U.K.     2,689       846  
Other foreign markets     -       1,472  
Total consolidated revenue   $ 7,710     $ 25,914  

 

    Years Ended December 31,  
    2021     2020  
Segment gross profit contribution *   (In thousands)  
North America   $ 1,586     $ 15,631  
U.K.     2,194       802  
Other foreign markets     -       1,319  
Total consolidated gross profit   $ 3,780     $ 17,752  

 

* Segment gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expense.
Schedule of Depreciation and Amortization Expenses
    Years Ended December 31,  
    2021     2020  
Depreciation and amortization expenses   (In thousands)  
North America   $ 2     $ 45  
U.K.     2       14  
Other foreign markets     -       -  
Total consolidated depreciation and amortization expenses   $ 4     $ 59  
Schedule of Segment Identifiable Assets
    December 31,     December 31,  
    2021     2020  
Segment identifiable assets   (In thousands)  
North America   $ 1,348     $ 3,834  
U.K.     126       1,266  
Other foreign markets     175       192  
Total consolidated identifiable assets   $ 1,649     $ 5,292