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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES $ 17,544,338 $ 18,880,506 $ 37,623,957 $ 37,492,745
COST OF REVENUES (including amortization and depreciation of $258,186, $294,803, $554,165, and $576,627, respectively) 13,997,185 15,589,330 30,524,797 30,771,965
GROSS PROFIT 3,547,153 3,291,176 7,099,160 6,720,780
OPERATING EXPENSES        
Sales and marketing 444,945 628,319 979,582 1,177,178
General and administrative expenses (including share-based compensation of $195,934, $134,062, $320,338 and $219,079, respectively) 3,427,301 3,789,980 6,780,642 7,622,220
Product development 0 56,426 0 207,799
Depreciation and amortization 110,463 71,189 207,849 142,939
Total operating expenses 3,982,709 4,545,914 7,968,073 9,150,136
LOSS FROM OPERATIONS (435,556) (1,254,738) (868,913) (2,429,356)
OTHER (EXPENSE) INCOME        
Interest income 2,077 2,566 5,403 9,593
Interest expense (23,937) (12,849) (49,887) (22,417)
Other income (expense) 3 (875) 1 3,299
Total other expense (21,857) (11,158) (44,483) (9,525)
LOSS BEFORE INCOME TAX PROVISION (457,413) (1,265,896) (913,396) (2,438,881)
INCOME TAX PROVISION 14,758 34,279 20,948 15,511
NET LOSS $ (472,171) $ (1,300,175) $ (934,344) $ (2,454,392)
BASIC LOSS PER SHARE $ (0.01) $ (0.02) $ (0.01) $ (0.03)
BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING 83,081,597 82,845,449 83,061,707 82,843,631
DILUTED LOSS PER SHARE $ (0.01) $ (0.02) $ (0.01) $ (0.03)
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 83,081,597 82,845,449 83,061,707 82,843,631