Segment Information

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Information

Note 8 – Segment Information

The Company maintained operating segments; Conventions and Conbox. The Company ceased Conbox operations in 2017, which is the principal reason for the decrease in operating results compared to 2017. The Company evaluated performance of its operating segments based on revenue and operating profit (loss). Segment information for the three and nine months ended September 30, 2018 and 2017 and as of September 30, 2018 and December 31, 2017, are as follows:

	Conventions			ConBox			Total
Three Months ended September 30, 2018
Revenue	$	4,468,776		$	-		$	4,468,776
Cost of revenue		(3,469,061	)		-			(3,469,061	)
Gross margin		999,715			-			999,715
Operating expenses		(1,033,918	)		-			(1,033,918	)
Operating loss		(4,203	)		-			(4,203	)
Three Months ended September 30, 2017
Revenue	$	5,233,283		$	-		$	5,233,283
Cost of revenue		(5,238,258	)		-			(5,238,258	)
Gross margin		(4,975	)		-			(4,975	)
Operating expenses		(1,271,247	)		(679	)		(1,271,926	)
Operating loss		(1,276,222	)		(679	)		(1,276,901	)
Nine Months Ended September 30, 2018
Revenue	$	13,571,809		$	-		$	13,571,809
Cost of revenue		(10,844,897	)		-			(10,844,897	)
Gross margin		2,726,912			-			2,726,897
Operating expenses		(2,692,110	)		-			(2,692,110	)
Operating income		34,802			-			34,802
Nine Months Ended September 30, 2017
Revenue	$	13,617,324		$	84,580		$	13,701,904
Cost of revenue		(13,590,113	)		(80,161	)		(13,670,274	)
Gross margin		27,211			4,419			31,630
Operating expenses		(4,456,953	)		(29,534	)		(4,486,487	)
Operating loss		(4,429,742	)		(25,115	)		(4,454,857	)
September 30, 2018
Accounts receivable, net	$	200,091		$	-		$	200,091
Total assets		2,468,312			-			2,468,312
Unearned revenue		463,294			-			463,294
December 31, 2017
Accounts receivable, net	$	336,030		$	-		$	336,030
Total assets		2,940,089			-			2,940,089
Unearned revenue		2,164,972			-			2,164,972