Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 2,118,583 $ 3,659,290 $ 4,432,081 $ 7,569,604
Costs and expenses:        
Cost of revenues 339,911 497,741 625,744 856,188
Sales and marketing 1,023,526 1,762,360 2,116,650 4,161,319
General and administrative 2,063,866 3,009,073 4,415,678 6,852,788
Goodwill impairment charge 9,920,305 9,920,305
Depreciation and amortization 659,143 750,913 1,339,022 1,536,868
Total costs and expenses 4,086,446 15,940,392 8,497,094 23,327,468
Loss from operations (1,967,863) (12,281,102) (4,065,013) (15,757,864)
Other (expense) income        
Interest expense (12,399)
Interest and other income 3,777 2,851 4,667 5,101
Other finance costs 4,088 22,558 1,764
Other (expense) income, net 3,777 6,939 27,225 (5,534)
Loss before income tax benefit (1,964,086) (12,274,163) (4,037,788) (15,763,398)
Income tax benefit (123,415) (360,307) (372,465) (925,097)
Loss from continuing operations (1,840,671) (11,913,856) (3,665,323) (14,838,301)
Loss from discontinued operations, net of tax, including gain on sale of $63,687 (174,763) (161,088) (384,523) (338,224)
Net loss (2,015,434) (12,074,944) (4,049,846) (15,176,525)
Other comprehensive loss: (2,015,434) (12,074,944) (4,049,846) (15,176,525)
Foreign currency translation adjustment (90,459) 1,733 (13,751) 1,621
Comprehensive loss $ (2,105,893) $ (12,073,211) $ (4,063,597) $ (15,174,904)
Basic and diluted loss per share:        
Continuing operations $ (0.42) $ (3.03) $ (0.85) $ (8.21)
Discontinued operations (0.04) (0.04) (0.09) (0.19)
Net loss $ (0.46) $ (3.07) $ (0.94) $ (8.39)
Weighted average shares used in computing net loss per common share:        
Basic and diluted 4,371,440 3,932,886 4,296,944 1,808,314
Membership Fees and Related Services [Member]        
Revenues:        
Total revenues $ 1,335,726 $ 2,444,797 $ 2,947,947 $ 5,260,293
Recruitment Services [Member]        
Revenues:        
Total revenues 692,377 624,103 1,313,792 1,282,647
Product Sales and Other [Member]        
Revenues:        
Total revenues 6,360 26,573 10,017 72,941
Education and Training [Member]        
Revenues:        
Total revenues 9,577 505,490 16,048 829,694
Consumer Advertising and Marketing Solutions [Member]        
Revenues:        
Total revenues $ 74,543 $ 58,327 $ 144,277 $ 124,029

Source