XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES $ 4,112,570 $ 2,794,943 [1]
COST AND OPERATING EXPENSES    
Cost of service (excluding depreciation and amortization) 1,194,523 841,903
Product development 726,845 284,694
Sales and marketing 688,998 319,487
General and administrative 2,296,852 2,365,388
Restructuring charges 73,600 129,229
Depreciation and amortization of fixed and intangibles assets 965,290 843,783
Total cost and operating expenses 5,946,108 4,784,484
LOSS FROM OPERATIONS (1,833,538) (1,989,541)
OTHER INCOME (EXPENSE)    
Interest income 42,672 39,136
Interest expense (63,758) (517,143)
Interest expense related to debt discount and conversion feature (29,566) (1,049,236)
Amortization of deferred financing costs (6,142) (196,113)
Changes in derivative liabilities (313,733) 1,920,881
Gain on Extinguishment of Debt 0 463,345
Other income, net 69,546 36,818
Total other (expense) income (300,981) 697,688
LOSS BEFORE PROVISION FOR INCOME TAXES (2,134,519) (1,291,853)
(Benefit) Provision for income taxes (418) 1,287
NET LOSS (2,134,101) (1,293,140)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation gain (loss) 104,402 (26,820)
COMPREHENSIVE LOSS $ (2,029,699) $ (1,319,960)
Net loss per common share and equivalents - basic $ (0.04) $ (0.14)
Net loss per common share and equivalents - diluted $ (0.04) $ (0.14)
Weighted average shares outstanding during the period - basic 50,062,434 9,322,228
Weighted average shares outstanding during the period - diluted 50,062,434 9,322,228
[1] As noted above, prior period amounts have not been adjusted under the modified retrospective method.