XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES $ 18,880,506 $ 17,539,666 $ 37,492,745 $ 38,048,306
COST OF REVENUES (including amortization and depreciation of $294,803, $288,277, $576,627, and $580,635, respectively) 15,589,330 14,179,119 30,771,965 30,482,781
GROSS PROFIT 3,291,176 3,360,547 6,720,780 7,565,525
OPERATING EXPENSES        
Sales and Marketing 628,319 702,465 1,177,178 1,441,514
General and Administrative Expenses (including share-based compensation of $134,062, $48,447, $219,079 and $136,326, respectively) 3,789,980 3,441,984 7,622,220 7,199,930
Product Development 56,426 1,000 207,799 258,383
Depreciation and Amortization 71,189 89,719 142,939 184,197
Total Operating Expenses 4,545,914 4,235,168 9,150,136 9,084,024
LOSS FROM OPERATIONS (1,254,738) (874,621) (2,429,356) (1,518,499)
OTHER INCOME (EXPENSE)        
Interest Income 2,566 3,433 9,593 7,606
Interest Expense (12,849) (19,828) (22,417) (40,158)
Other (Expense) Income (875) 5,377 3,299 7,345
Total Other Income (Expense) (11,158) (11,018) (9,525) (25,207)
LOSS BEFORE INCOME TAX PROVISION (1,265,896) (885,639) (2,438,881) (1,543,706)
INCOME TAX PROVISION 34,279 11,291 15,511 12,734
NET LOSS $ (1,300,175) $ (896,930) $ (2,454,392) $ (1,556,440)
BASIC EARNINGS PER SHARE $ (0.02) $ (0.01) $ (0.03) $ (0.02)
BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING 82,845,449 82,730,134 82,843,631 82,644,978
DILUTED EARNINGS PER SHARE $ (0.02) $ (0.01) $ (0.03) $ (0.02)
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 82,845,449 82,730,134 82,843,631 82,644,978