SEGMENT AND GEOGRAPHIC DATA | SEGMENT AND GEOGRAPHIC DATA Segment Reporting The Company operates in three reportable segments: the regional businesses of Americas, Asia Pacific, and Europe. Corporate expenses are reported separately from the three reportable segments and pertain to certain functions, such as executive management, corporate governance, human resources, accounting, administration, tax, and treasury. Segment information is presented in accordance with ASC 280, "Segment Reporting." This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable, net is the only significant asset separated by segment for internal reporting purposes. Americas Asia Pacific Europe Corporate Inter-Segment Elimination Total For The Three Months Ended March 31, 2020 Revenue, from external customers $ 3,188 $ 16,951 $ 3,992 $ — $ — $ 24,131 Inter-segment revenue — 6 — — (6 ) — Total revenue $ 3,188 $ 16,957 $ 3,992 $ — $ (6 ) $ 24,131 Adjusted net revenue, from external customers (a) $ 2,860 $ 4,511 $ 2,427 $ — $ — $ 9,798 Inter-segment adjusted net revenue — 6 (6 ) — — — Total adjusted net revenue $ 2,860 $ 4,517 $ 2,421 $ — $ — $ 9,798 EBITDA (loss) (b) $ (60 ) $ 337 $ 63 $ (799 ) $ — $ (459 ) Depreciation and amortization (5 ) (12 ) (6 ) (1 ) — (24 ) Intercompany interest (expense) income, net — (86 ) — 86 — — Interest (expense) income, net — — — 79 — 79 Income (loss) from continuing operations before income taxes $ (65 ) $ 239 $ 57 $ (635 ) $ — $ (404 ) As of March 31, 2020 Accounts receivable, net $ 2,857 $ 7,172 $ 2,715 $ 34 $ — $ 12,778 Total assets $ 3,998 $ 11,568 $ 6,234 $ 19,512 $ — $ 41,312 Americas Asia Pacific Europe Corporate Inter- Segment Elimination Total For The Three Months Ended March 31, 2019 Revenue, from external customers $ 3,140 $ 8,679 $ 4,368 $ — $ — $ 16,187 Inter-segment revenue 35 — 1 — (36 ) — Total revenue $ 3,175 $ 8,679 $ 4,369 $ — $ (36 ) $ 16,187 Adjusted net revenue, from external customers (a) $ 2,762 $ 4,590 $ 2,044 $ — $ — $ 9,396 Inter-segment adjusted net revenue 35 (30 ) — (5 ) — Total adjusted net revenue $ 2,797 $ 4,560 $ 2,044 $ — $ (5 ) $ 9,396 EBITDA (loss) (b) $ (414 ) $ (48 ) $ (348 ) $ (1,191 ) $ — $ (2,001 ) Depreciation and amortization (5 ) (5 ) (7 ) (1 ) — (18 ) Intercompany interest (expense) income, net — (101 ) — 101 — — Interest income, net — — — 313 — 313 Income (loss) from continuing operations before income taxes $ (419 ) $ (154 ) $ (355 ) $ (778 ) $ — $ (1,706 ) As of March 31, 2019 Accounts receivable, net $ 3,169 $ 6,083 $ 3,298 $ 37 $ — $ 12,587 Total assets $ 3,737 $ 10,246 $ 6,886 $ 24,984 $ — $ 45,853 (a) Adjusted net revenue is net of the Direct contracting costs and reimbursed expenses caption on the Condensed Consolidated Statements of Operations. Direct contracting costs and reimbursed expenses include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. The region where services are provided, the mix of RPO recruitment and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption "Salaries and related" in the Consolidated Statements of Operations. (b) SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company's operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company's profitability. Geographic Data Reporting A summary of revenues for the three months ended March 31, 2020 and 2019 and net assets by geographic area as of March 31, 2020 and 2019 , presented net of discontinued operations, were as follows: Australia United Kingdom United States Other Total For The Three Months Ended March 31, 2020 Revenue (a) $ 15,031 $ 3,452 $ 2,873 $ 2,775 $ 24,131 For The Three Months Ended March 31, 2019 Revenue (a) $ 6,768 $ 4,011 $ 2,851 $ 2,557 $ 16,187 As of March 31, 2020 Net assets $ 3,308 $ 2,159 $ 21,185 $ 5,978 $ 32,630 As of March 31, 2019 Net assets $ 3,148 $ 2,645 $ 24,176 $ 4,870 $ 34,839 (a) Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary. |