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Segment Information
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Information

Note 11 – 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 year ended December 31, 2018 and 2017 and as of December 31, 2018 and 2017, are as follows:

 

    Conventions     ConBox     Total  
Year ended December 31, 2018                        
Revenue   $ 13,901,603     $ -     $ 13,901,603  
Cost of revenue     (11,278,066 )     -       (11,278,066 )
Gross margin     2,623,537       -       2,623,537  
Operating expenses     (3,564,552 )     -       (3,564,552 )
Operating loss     (941,015 )     -       (941,015 )
                         
Year Ended December 31, 2017                        
Revenue   $ 14,983,033     $ 84,580     $ 15,067,613  
Cost of revenue     (14,978,136 )     (80,161 )     (15,058,297 )
Gross margin     4,897       4,419       9,316  
Operating expenses     (5,314,391 )     (32,533 )     (5,346,924 )
Operating loss     (5,309,494 )     (28,114 )     (5,337,608 )
                         
December 31, 2018                        
Accounts receivable, net   $ 124,395     $ -     $ 124,395  
Total assets     2,226,156       -       2,226,156  
Unearned revenue     1,710,722       -       1,710,722  
                         
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