Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.19.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Total revenues $ 8,452,627 $ 16,080,255
Costs and expenses:    
Cost of revenues 1,612,858 2,693,408
Sales and marketing 3,969,508 7,269,001
General and administrative 8,016,716 11,612,024
Litigation settlement 342,472 155,216
Impairment charge 8,047,090 14,611,040
Depreciation and amortization 2,617,774 3,007,664
Total costs and expenses 24,606,418 39,348,353
Loss from operations (16,153,791) (23,268,098)
Other (expense) income    
Interest expense (4,637) (12,399)
Interest and other income 299 8,165
Other income (expense) 22,558 8,421
Other income, net 18,220 4,187
Loss before income tax expense (benefit) (16,135,571) (23,263,911)
Income tax expense (benefit) (1,563,712) (1,687,370)
Loss from continuing operations (14,571,859) (21,576,541)
Loss from discontinued operations, (net of tax benefit of $52,340, and net of tax benefit of $58,144 in 2018 and 2017, respectively), including gain on sale of $63,687 in 2018 (509,153) (711,008)
Net loss (15,081,012) (22,287,549)
Other comprehensive loss:    
Foreign currency translation adjustment (53,188) 28,848
Comprehensive loss $ (15,134,200) $ (22,258,701)
Basic and diluted loss per share:    
Continuing operations $ (3.18) $ (5.50)
Discontinued operations (0.11) (0.18)
Net loss $ (3.29) $ (5.68)
Weighted average outstanding shares used in computing net loss per common share:    
Basic and diluted 4,578,834 3,920,849
Membership Fees and Related Services [Member]    
Revenues:    
Total revenues $ 4,991,950 $ 9,371,843
Recruitment Services [Member]    
Revenues:    
Total revenues 2,571,935 2,578,597
Product Sales and Other [Member]    
Revenues:    
Total revenues 19,239 100,289
Education and Training [Member]    
Revenues:    
Total revenues 606,557 3,776,546
Consumer Advertising and Marketing Solutions [Member]    
Revenues:    
Total revenues $ 262,946 $ 252,980