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:
Schedule of Total Revenue Attributable to Each Segment
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2022 |
|
|
2021 |
|
As a percentage of total revenue |
|
|
|
|
|
|
North America |
|
|
100.0 |
% |
|
|
55.0 |
% |
U.K. |
|
|
0.0 |
% |
|
|
45.0 |
% |
Other foreign markets |
|
|
— |
% |
|
|
- |
% |
Total consolidated revenue |
|
|
100.0 |
% |
|
|
100.0 |
% |
Operating
results for the segments are as follows:
Schedule of Operating Results for Segments
|
|
|
|
|
|
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|
|
|
|
Six Months Ended June 30, |
|
|
|
2022 |
|
|
2021 |
|
|
|
(In thousands) |
|
Segment revenue |
|
|
|
North America |
|
$ |
354 |
|
|
$ |
3,293 |
|
U.K. |
|
|
- |
|
|
|
2,689 |
|
Other foreign markets |
|
|
— |
|
|
|
- |
|
Total consolidated revenue |
|
$ |
354 |
|
|
$ |
5,982 |
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2022 |
|
|
2021 |
|
|
|
(In thousands) |
|
Segment gross profit contribution * |
|
|
|
North America *
|
|
$ |
7 |
|
|
$ |
1,412 |
|
U.K.*
|
|
|
1 |
|
|
|
716 |
|
Other foreign markets *
|
|
|
— |
|
|
|
- |
|
Total consolidated gross profit *
|
|
$ |
8 |
|
|
$ |
2,128 |
|
* |
Segment
gross profit is calculated as revenue less direct course expenses, advertising and sales expenses and royalty expenses. |
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
|
2022 |
|
|
2021 |
|
|
|
(In thousands) |
|
Depreciation and amortization expenses |
|
|
|
North America |
|
$ |
- |
|
|
$ |
2 |
|
U.K. |
|
$ |
- |
|
|
|
1 |
|
Other foreign markets |
|
|
— |
|
|
|
10 |
|
Total consolidated depreciation and amortization expenses |
|
$ |
- |
|
|
$ |
13 |
|
Schedule of Segment Identifiable Assets
|
|
June 30, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
(In thousands) |
|
Segment identifiable assets |
|
|
|
North America |
|
$ |
400 |
|
|
|
1348 |
|
U.K. |
|
$ |
93 |
|
|
|
126 |
|
Other foreign markets |
|
$ |
171 |
|
|
|
175 |
|
Total consolidated identifiable assets |
|
$ |
664 |
|
|
$ |
1,649 |
|
|