| Summary of detailed segment information |
The detailed segment information of the Company is as follows:
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For the Periods Ended Dec. 31 |
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2021 |
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2020 |
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Education |
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Campus |
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Total |
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Education |
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Campus |
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Total |
Revenues |
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$ |
9,676,052 |
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$ |
3,102,210 |
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$ |
12,778,262 |
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$ |
5,618,210 |
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$ |
2,015,566 |
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$ |
7,633,776 |
Depreciation and Amortization (1)(2) |
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$ |
426,740 |
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$ |
1,148,173 |
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$ |
1,574,913 |
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$ |
616,195 |
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$ |
954,398 |
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$ |
1,570,593 |
(Loss) income from Operations |
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$ |
(2,153,975) |
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$ |
(2,014,508) |
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$ |
(4,168,484) |
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$ |
306,710 |
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$ |
(2,987,559) |
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$ |
(2,680,849) |
Net Profit or Loss |
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$ |
(2,252,794) |
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$ |
(2,365,255) |
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$ |
(4,618,050) |
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$ |
(53,722) |
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$ |
(3,069,347) |
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$ |
(3,123,069) |
Interest Expense, net |
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$ |
98,819 |
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$ |
350,747 |
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$ |
449,566 |
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$ |
107,833 |
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$ |
746,150 |
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$ |
853,983 |
Capital Expenditures |
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$ |
— |
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— |
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$ |
— |
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$ |
437,764 |
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$ |
233,823 |
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$ |
671,587 |
Total Property and Equipment, net |
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$ |
15,442 |
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$ |
6,760,674 |
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$ |
6,776,116 |
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$ |
10,881 |
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$ |
7,586,109 |
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$ |
7,596,990 |
Total Assets |
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$ |
5,122,967 |
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$ |
12,472,440 |
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$ |
17,595,407 |
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$ |
3,336,242 |
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$ |
13,621,471 |
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$ |
16,957,713 |
Total Liabilities |
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$ |
3,589,315 |
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$ |
6,020,096 |
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$ |
9,609,411 |
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$ |
5,852,323 |
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$ |
3,399,301 |
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$ |
9,251,624 |
| (1) |
Depreciation and amortization related to the Education segment is included in cost of revenue in the accompanying statements of operations. |
| (2) |
Depreciation and amortization related to the Campus segment Consists of $1,109,309 (2020-$937,773) which is included in cost of revenue and $38,864 (2020-$47,537) which is included in operating expenses in the accompanying statements of operations.
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| Summary of revenue and non-current assets (other than financial instruments) by geographic location |
A summary of revenue by geographic location appears below:
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2021 |
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2020 |
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Education |
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Campus |
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Total |
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Education |
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Campus |
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Total |
Europe / Middle East / Africa |
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$ |
3,630,760 |
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$ |
1,554,828 |
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$ |
5,185,588 |
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$ |
2,068,037 |
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$ |
1,010,699 |
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$ |
3,078,736 |
Asia / Pacific |
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3,346,691 |
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1,547,382 |
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4,894,073 |
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1,954,842 |
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1,004,867 |
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|
2,959,709 |
North America / South America |
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|
2,698,601 |
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— |
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2,698,601 |
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|
1,595,331 |
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— |
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|
1,595,331 |
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$ |
9,676,052 |
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$ |
3,102,210 |
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$ |
12,778,262 |
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$ |
5,618,210 |
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$ |
2,015,566 |
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$ |
7,633,776 |
A summary of non-current assets (other than financial instruments) by geographic location appears below:
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For the Years Ended December 31, |
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2021 |
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2020 |
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Education |
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Campus |
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Total |
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Education |
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Campus |
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Total |
Europe / Middle East / Africa |
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$ |
602 |
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$ |
8,476,791 |
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8,477,393 |
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$ |
802 |
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$ |
503,853 |
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$ |
504,655 |
Asia / Pacific |
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— |
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2,120,102 |
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2,120,102 |
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499,772 |
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10,500,388 |
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11,000,159 |
North America / South America |
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|
501,750 |
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— |
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|
501,750 |
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|
516,296 |
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— |
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|
516,296 |
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$ |
502,352 |
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$ |
10,596,893 |
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|
11,099,245 |
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$ |
1,016,870 |
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$ |
11,004,240 |
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$ |
12,021,110 |
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