Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

Note 10 – Segment Information

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three and nine months ended September 30, 2016 and 2015 and as of September 30, 2016 and December 31, 2015, are as follows:

	Conventions			ConBox			Total
Three Months ended September 30, 2016
Revenue	$	6,267,631			137,020			6,404,651
Cost of revenue		(3,888,811	)		(75,900	)		(3,964,711	)
Gross margin		2,378,820			61,120			2,439,940
Operating expenses		(1,964,872	)		(1,396	)		(1,963,476	)
Operating profit (loss)		413,948			62,516			476,464
Three Months ended September 30, 2015
Revenue	$	6,805,316			496,694			7,302,010
Cost of revenue		(4,003,067	)		(428,132	)		(4,431,199	)
Gross margin		2,802,249			68,562			2,870,811
Operating expenses		(1,947,994	)		(19,107	)		(1,967,101	)
Operating loss		854,255			49,455			903,710
Nine Months ended September 30, 2016
Revenue	$	20,768,937		$	608,025		$	21,376,962
Cost of revenue		(13,672,094	)		(651,321	)		(14,323,415	)
Gross margin		7,096,843			(43,296	)		7,053,547
Operating expenses		(5,958,148	)		(14,428	)		(5,972,576	)
Operating profit		1,138,695			(57,724	)		1,080,971
Nine Months ended September 30, 2015
Revenue	$	20,350,830		$	629,003		$	20,979,833
Cost of revenue		(15,300,576	)		(551,499	)		(15,852,075	)
Gross margin		5,050,254			77,504			5,127,758
Operating expenses		(6,084,882	)		(30,679	)		(6,115,565	)
Operating loss		(1,034,628	)		46,825			(987,807	)
September 30, 2016
Accounts receivable, net	$	177,310		$	88,710		$	266,020
Unearned revenue		414,814			95,546			510,360
December 31, 2015
Accounts receivable, net	$	108,795		$	298,347		$	407,142
Unearned revenue		3,340,837			390,661			3,731,498