XML 44 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Mobile Marketing / Licensing $ 1,195,576 $ 1,187,278 $ 5,291,760 $ 2,864,513
Total revenues 1,195,576 1,187,278 5,291,760 2,864,513
Operating expenses:        
Selling and marketing 13,955 166,129 642,242 455,969
Personnel related 1,373,065 2,030,516 4,475,836 5,328,389
Mobile Platform Processing 433,468 245,097 1,036,965 663,397
Amortization of intangible assets 84,660 77,887 253,219 203,388
General and administrative 1,332,498 444,259 2,654,748 1,471,868
Bad debt $ 878,472 69,445 1,313,349 199,087
Change in fair value of earn-out liability (380,358) (58,754) (276,257)
Total operating expenses $ 4,116,118 2,652,975 10,317,605 8,045,841
Loss from operations (2,920,542) (1,465,697) (5,025,845) (5,181,328)
Non-operating income (expense):        
Net interest income 7,305 $ (711) 60,202 $ (448)
Amortization of debt discount (188,972) (325,910)
Change in fair value of financial instruments 286,563 $ (200,237) 233,235 $ (260,829)
Total non-operating income (loss) 104,896 (200,948) (32,473) (261,277)
Net loss from continuing operations $ (2,815,646) (1,666,645) $ (5,058,318) (5,442,605)
Discontinued operations:        
Loss from discontinued operations (719,893) (2,731,009)
Net loss $ (2,815,646) $ (2,386,538) $ (5,058,318) $ (8,173,614)
Basic and diluted net loss per share        
Net loss from continuing operations $ (0.15) $ (0.10) $ (0.27) $ (0.36)
Loss from discontinued operations (0.04) (0.18)
Basic and diluted net loss per share $ (0.15) $ (0.15) $ (0.27) $ (0.53)
Basic and diluted weighted average common shares outstanding used in computing net loss per share 18,840,637 16,431,339 18,667,766 15,292,898