Note 18 - Quarterly Results of Operations Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

Note 18—Quarterly Results of Operations Data (Unaudited)

The following tables set forth our unaudited quarterly consolidated statements of operations data for each of the eight quarters in the period ended December 31, 2012. In the opinion of management, the financial information reflects all adjustments, consisting only of normal recurring adjustments, which we consider necessary for a fair presentation of this data.

	Three Months Ended,
	2012												2011
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			March 31,
Revenues	$	11,608,937		$	11,598,432		$	13,054,861		$	10,395,729		$	5,912,174		$	929,482		$	1,620,473		$	2,243,564
Operating Costs and Expenses
Sales and marketing		2,367,564			2,656,955			1,676,243			1,766,396			1,069,251			328,118			285,262			347,891
Product development and content		6,905,722			7,883,987			8,224,749			6,496,459			3,906,947			1,515,499			1,498,007			1,622,951
General and administrative		3,337,527			2,001,950			2,379,313			944,533			2,536,627			774,342			877,928			905,873
Depreciation and amortization		1,073,330			1,025,421			965,155			898,384			593,735			96,943			93,521			86,170
Acquisition and restructuring costs		(469,011	)		353,555			247,877			290,067			779,439			732,075			69,166			367,751
Operating Expenses		13,215,132			13,921,868			13,493,337			10,395,839			8,885,999			3,446,977			2,823,884			3,330,636
Loss from Operations		(1,606,195	)		(2,323,436	)		(438,476	)		(110	)		(2,973,825	)		(2,517,495	)		(1,203,411	)		(1,087,072	)
Other  Income (Expense):
Interest income		2,811			3,866			4,318			5,574			7,805			15,426			17,474			16,560
Interest expense		(418,538	)		(280,852	)		(288,216	)		(298,068	)		(204,199	)		(151,780	)		(151,219	)		(149,986	)
Other income		-			8,581			497			533			493			548			574			596
Total Other Income (Expense)		(415,727	)		(268,405	)		(283,401	)		(291,961	)		(195,901	)		(135,806	)		(133,171	)		(132,830	)
Net loss from continuing operations	$	(2,021,922	)	$	(2,591,841	)	$	(721,877	)	$	(292,071	)	$	(3,169,726	)	$	(2,653,301	)	$	(1,336,582	)	$	(1,219,902	)
Net loss from discontinued operations	$	-		$	-		$	(3,114,040	)		(566,587	)	$	(2,287,545	)	$	(859,511	)	$	(970,026	)		(269,225	)
Net loss	$	(2,021,922	)	$	(2,591,841	)	$	(3,835,917	)	$	(858,658	)	$	(5,457,271	)	$	(3,512,812	)	$	(2,306,608	)	$	(1,489,127	)
Basic and diluted loss per common shareholders:
Continuing operations	$	(0.05	)	$	(0.07	)	$	(0.02	)	$	(0.01	)	$	(0.11	)	$	(0.16	)	$	(0.08	)	$	(0.08	)
Discontinued operations	$	-		$	-		$	(0.09	)	$	(0.02	)	$	(0.08	)	$	(0.05	)	$	(0.06	)	$	(0.02	)
Basic and diluted loss per common shareholders	$	(0.05	)	$	(0.07	)	$	(0.11	)	$	(0.02	)	$	(0.20	)	$	(0.22	)	$	(0.14	)	$	(0.10	)