Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Membership fees and related services $ 9,371,843 $ 16,254,932
Lead generation 5,973,964 6,239,057
Recruitment services 2,578,597 2,931,642
Product sales and other 100,289 578,466
Education and training 3,776,546
Consumer advertising and marketing solutions 252,980 222,969
Total revenues 22,054,219 26,227,066
Costs and expenses:    
Cost of revenues 3,967,881 3,082,467
Sales and marketing 10,285,411 13,315,008
General and administrative 13,874,730 11,332,640
Loss (gain) on litigation settlement, net 155,216 (1,240,297)
Goodwill impairment expense 14,611,040
Depreciation and amortization 3,197,191 3,323,711
Total costs and expenses 46,091,469 29,813,529
Loss from operations (24,037,250) (3,586,463)
Other income (expense):    
Interest expense (12,399) (1,567,317)
Interest and other income 8,165 8,532
Gain on settlement of debt 148,112
Other finance costs 8,421
Other expense, net 4,187 (1,410,673)
Change in fair value of warrant liability (401,000)
Loss before income tax expense (benefit) (23,033,063) (5,398,136)
Income tax expense (benefit) (1,745,514) (1,289,634)
Net loss (22,287,549) (4,108,502)
Other comprehensive loss:    
Foreign currency translation adjustment 28,848
Comprehensive loss $ (22,258,701) $ (4,108,502)
Net loss per common share, basic and diluted $ (5.68) $ (1.98)
Weighted average outstanding shares used in computing net loss per common share:    
Basic and diluted 3,920,849 2,076,724