Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Membership fees and related services $ 4,259,144 $ 6,754,247 $ 9,299,318 $ 13,542,927
Lead generation 1,415,958 2,760,022 2,935,549 5,519,126
Recruitment services 717,360 756,039 1,340,669 1,602,701
Products sales and other 404,590 64,736 491,583 300,429
Consumer advertising and marketing solutions 53,976 63,785 127,052 136,086
Total revenues 6,851,028 10,398,829 14,194,171 21,101,269
Costs and expenses:        
Cost of revenues 803,646 1,471,760 1,688,391 3,183,306
Sales and marketing 3,428,115 5,479,052 7,249,691 12,094,563
General and administrative 2,749,214 3,902,136 6,417,631 7,845,817
Depreciation and amortization 811,232 870,273 1,678,242 1,805,196
Total costs and expenses 7,792,207 11,723,221 17,033,955 24,928,882
Loss from operations (941,179) (1,324,392) (2,839,784) (3,827,613)
Other (expense) income        
Interest expense (778) (29,479) (1,167) (75,110)
Interest and other income (481) 7,126 651 23,184
Other income (expense), net (1,259) (22,353) (516) (51,926)
Change in fair value of warrant liability 71,270 91,560
Loss before income tax benefit (942,438) (1,275,475) (2,840,300) (3,787,979)
Income tax benefit (136,169) (497,196) (594,393) (1,466,822)
Net loss $ (806,269) $ (778,279) $ (2,245,907) $ (2,321,157)
Net loss per common share, basic and diluted $ (0.06) $ (0.06) $ (0.16) $ (0.17)
Weighted average shares used in computing net loss per common share:        
Basic and diluted 14,466,513 14,023,916 14,466,513 13,375,405