Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Membership fees and related services $ 16,254,932 $ 24,530,170
Lead generation 6,239,057 9,499,203
Recruitment services 2,931,642 3,123,537
Product sales and other 578,466 748,648
Consumer advertising and marketing solutions 222,969 280,043
Total revenues 26,227,066 38,181,601
Costs and expenses:    
Cost of revenues 3,082,467 5,576,184
Sales and marketing 13,315,008 22,501,594
General and administrative 11,332,640 15,670,331
Gain on litigation settlement, net (1,240,297)
Goodwill impairment expense 27,140,126
Depreciation and amortization 3,323,711 3,650,747
Loss on sale of property and equipment 34,147
Total costs and expenses 29,813,529 74,573,129
Loss from operations (3,586,463) (36,391,528)
Other income (expense):    
Interest expense (1,567,317) (84,728)
Interest and other income 8,532 26,532
Gain on settlement of debt 148,112 20,161
Other expense, net (1,410,673) (38,035)
Change in fair value of warrant liability (401,000) 93,789
Loss before income tax expense (benefit) (5,398,136) (36,335,774)
Income tax expense (benefit) (1,289,634) 1,919,497
Net loss $ (4,108,502) $ (38,255,271)
Net loss per common share, basic and diluted $ (1.98) $ (21.99)
Weighted average shares used in computing net loss per common share:    
Basic and diluted 2,076,724 1,739,824