Income Statement

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Membership fees and related services $ 2,444,797 $ 4,259,144 $ 5,260,293 $ 9,299,318
Lead generation 1,604,767 1,415,958 3,328,934 2,935,549
Recruitment services 624,103 717,360 1,282,647 1,340,669
Product sales and other 26,573 404,590 72,941 491,583
Education and training 505,490 829,694
Consumer advertising and marketing solutions 58,327 53,976 124,029 127,052
Total revenues 5,264,057 6,851,028 10,898,538 14,194,171
Costs and expenses:        
Cost of revenues 834,281 803,646 1,534,927 1,688,391
Sales and marketing 2,584,426 3,428,115 5,839,323 7,249,691
General and administrative 3,551,163 2,749,214 8,085,665 5,917,631
Litigation settlement 500,000
Goodwill impairment charge 9,920,305 9,920,305
Depreciation and amortization 800,783 811,232 1,636,613 1,678,242
Total costs and expenses 17,690,958 7,792,207 27,016,833 17,033,955
Loss from operations (12,426,901) (941,179) (16,118,295) (2,839,784)
Other (expense) income        
Interest expense (778) (12,399) (1,167)
Interest and other income 2,851 (481) 5,101 651
Other finance income 4,088 1,764
Other (expense) income, net 6,939 (1,259) (5,534) (516)
Loss before income tax benefit (12,419,962) (942,438) (16,123,829) (2,840,300)
Income tax benefit (345,018) (136,169) (947,304) (594,393)
Net loss (12,074,944) (806,269) (15,176,525) (2,245,907)
Other comprehensive loss:        
Foreign currency translation adjustment 1,733 1,621
Comprehensive loss $ (12,073,211) $ (806,269) $ (15,174,904) $ (2,245,907)
Net loss per common share, basic and diluted $ (3.07) $ (0.45) $ (3.89) $ (1.24)
Weighted average shares used in computing net loss per common share:        
Basic and diluted 3,932,886 1,808,314 3,901,809 1,808,314

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