XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME        
REVENUES $ 34,148,396 $ 6,003,180 $ 57,188,310 $ 10,115,750
COST AND OPERATING EXPENSES        
Cost of service, excluding depreciation and amortization 15,293,244 1,779,882 25,361,468 2,974,405
Product development 3,242,145 753,931 5,816,189 1,480,776
Sales and marketing 2,769,065 652,442 5,709,747 1,341,440
General and administrative 9,033,690 2,214,070 15,896,619 4,510,922
Restructuring and acquisition charges 427,586 5,592 3,507,950 79,193
Depreciation and amortization 3,224,027 994,318 6,067,430 1,959,609
Total cost and operating expenses 33,989,757 6,400,235 62,359,403 12,346,345
INCOME/(LOSS) FROM OPERATIONS 158,639 (397,055) (5,171,093) (2,230,595)
OTHER INCOME/ (EXPENSE)        
Interest income 149,298 43,193 250,844 85,865
Interest expense (777,907) (99,708) (1,326,767) (163,467)
Interest expense related to debt discount accretion and conversion feature (199,224) (30,272) (271,205) (59,838)
Changes in derivative liabilities 0 1,597,647 0 1,283,914
Other (expense)/income (194,354) 567,710 (241,485) 637,255
Amortization of deferred financing costs (101,664) (6,209) (151,355) (12,351)
Total other (expense)/income (1,123,851) 2,072,361 (1,739,968) 1,771,378
(LOSS)/INCOME BEFORE INCOME TAX (BENEFIT)/EXPENSE (965,212) 1,675,306 (6,911,061) (459,217)
Income tax (benefit)/expense (449,403) 18,842 (616,737) 18,424
NET (LOSS)/INCOME (515,809) 1,656,464 (6,294,324) (477,641)
OTHER COMPREHENSIVE (LOSS)/INCOME        
Foreign currency translation gain/(loss) 435,935 (79,137) 76,131 25,266
COMPREHENSIVE (LOSS)/INCOME $ (79,874) $ 1,577,327 $ (6,218,193) $ (452,375)
Net (loss)/income per common share and equivalents - basic $ 0.00 $ 0.03 $ (0.06) $ (0.01)
Net (loss)/income per common share and equivalents - diluted $ 0.00 $ 0.03 $ (0.06) $ (0.01)
Weighted average shares outstanding during the period - basic 111,074,977 53,348,376 107,341,105 51,714,482
Weighted average shares outstanding during the period - diluted 111,074,977 64,741,232 107,341,105 51,714,482