Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.3
Segment Information
 9 Months Ended
Sep. 30, 2023
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 management team.

 

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

 

             
    Nine Months Ended
September 30,		  
As a percentage of total revenue   2023     2022  
North America     100.0 %     100.0 %
U.K.     0.0 %     - %
Other foreign markets     — %     - %
Total consolidated revenue     100.0 %     100.0 %

 

Operating results for the segments are as follows:

 

    2023     2022  
    Nine Months Ended
September 30,		  
    2023     2022  
Segment revenue   (In thousands)  
North America   $ 111     $ 410  
U.K.     -       0  
Other foreign markets     —       -  
Total consolidated revenue   $ 111     $ 410  

 

    Nine Months Ended
September 30,		  
    2023     2022  
Segment gross profit contribution *   (In thousands)  
North America   $ (120 )   $ 7  
U.K.             1  
Other foreign markets     —       -  
Total consolidated gross profit   $ (120 )   $ 8  

 

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

 

 

    2023     2022  
    Nine Months Ended September 30,  
    2023     2022  
Depreciation and amortization expenses   (In thousands)  
North America   $ —     $ —  
U.K.   $ —       —  
Other foreign markets     —       —  
Total consolidated depreciation and amortization expenses   $ -     $ -  

 

    September 30, 2023     December 31, 2022  
Segment identifiable assets   (In thousands)  
North America   $       490               400  
U.K.   $ 60       93  
Other foreign markets   $ 200       171  
Total consolidated identifiable assets   $ 750     $ 664