Income Statement

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Membership fees and related services $ 2,204,909 $ 3,748,334 $ 7,465,202 $ 13,047,652
Lead generation 1,370,465 1,554,370 4,699,399 4,489,919
Recruitment services 694,454 954,887 1,977,101 2,295,556
Product sales and other 18,285 52,857 91,226 544,440
Education and training 68,890 898,584
Consumer advertising and marketing solutions 65,188 49,719 189,217 176,771
Total revenues 4,422,191 6,360,167 15,320,729 20,554,338
Costs and expenses:        
Cost of revenues 658,297 745,159 2,193,224 2,433,550
Sales and marketing 2,275,585 3,064,454 8,114,908 10,314,145
General and administrative 3,236,848 3,010,862 11,322,513 8,928,493
Litigation settlement 155,216 155,216 500,000
Goodwill impairment charge 9,920,305
Depreciation and amortization 806,898 819,894 2,443,511 2,498,136
Total costs and expenses 7,132,844 7,640,369 34,149,677 24,674,324
Loss from operations (2,710,653) (1,280,202) (18,828,948) (4,119,986)
Other (expense) income        
Interest expense (215,781) (12,399) (216,948)
Interest and other income 4,117 150 9,218 801
Other finance income 5,318 7,082
Other (expense) income, net 9,435 (215,631) 3,901 (216,147)
Change in fair value of warrant liability (401,000) (401,000)
Loss before income tax benefit (2,701,218) (1,896,833) (18,825,047) (4,737,133)
Income tax benefit (213,133) (623,699) (1,160,437) (1,218,092)
Net loss (2,488,085) (1,273,134) (17,664,610) (3,519,041)
Other comprehensive loss:        
Foreign currency translation adjustment (3,056) (1,435)
Comprehensive loss $ (2,491,141) $ (1,273,134) $ (17,666,045) $ (3,519,041)
Net loss per common share, basic and diluted $ (0.63) $ (0.7) $ (4.52) $ (1.94)
Weighted average shares used in computing net loss per common share:        
Basic and diluted 3,932,886 1,809,676 3,912,282 1,809,676

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