General form of registration statement for all companies including face-amount certificate companies

Segment Information

v3.22.4
Segment Information
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
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.

 

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

 

    2022     2021  
    Nine Months Ended September 30,  
    2022     2021  
As a percentage of total revenue            
North America     100.0 %     63.5 %
U.K.     - %     36.5 %
Other foreign markets     - %     - %
Total consolidated revenue     100.0 %     100.0 %

 

Operating results for the segments are as follows:

 

    2022     2021  
    Nine Months Ended September 30,  
    2022     2021  
    (In thousands)  
Segment revenue      
North America   $ 410     $ 4,672  
U.K.     -       2,689  
Other foreign markets     -       -  
Total consolidated revenue   $ 410     $ 7,361  

 

 

    2022     2021  
    Nine Months Ended September 30,  
    2022     2021  
    (In thousands)  
Segment gross profit contribution *      
North America *   $ (28 )   $ 1,919  
U.K. *     1       2,199  
Other foreign markets *     -       1  
Total consolidated gross profit *   $ (27 )   $ 4,119  

 

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

 

    2022     2021  
    Nine Months Ended September 30,  
    2022     2021  
    (In thousands)  
Depreciation and amortization expenses      
North America   $ -     $ 2  
U.K.   $ -       2  
Other foreign markets     -       -  
Total consolidated depreciation and amortization expenses   $ -     $ 4  

 

 

    September 30,     December 31,  
    2022     2021  
    (In thousands)  
Segment identifiable assets      
North America   $ 446       1,348  
U.K.   $ 55       126  
Other foreign markets   $ 165       175  
Total consolidated identifiable assets   $ 666     $ 1,649  

 

Note 15- 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 include: (i) North America, (ii) United Kingdom, and (iii) Other Foreign Markets. 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:

 

Schedule of Total Revenue Attributable to Each Segment 

    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 %

 

Operating results for the segments are as follows:

 

Schedule of Operating Results for 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.

 

    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  

 

    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  

 

 

Our long-lived assets in the U.S. were approximately $4.0 thousand for the year ended December 31, 2020. We had no long-lived assets in the U.S. as at December 31, 2021. We had no international long-lived assets for the same periods.