XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Subscription revenue $ 2,988,151 $ 4,304,763 $ 9,566,361 $ 15,001,709
Advertising revenue 1,827 26,938 45,167 288,082
Total revenues 2,989,978 4,331,701 9,611,528 15,289,791
Costs and expenses:        
Programming, hosting and technology 1,225,129 1,236,732 3,993,704 3,144,942
Compensation 1,223,555 756,549 3,123,161 2,726,401
Professional fees 200,619 156,354 674,426 488,580
Advertising and marketing 1,125,181 1,511,292 3,209,110 9,058,190
General and administrative 774,632 936,257 2,972,104 2,997,486
Total costs and expenses 4,549,116 4,597,184 13,972,505 18,415,599
Loss from operations (1,559,138) (265,483) (4,360,977) (3,125,808)
Interest income, net 1,405 5,589 4,510 24,190
Mark-to-market adjustment on warrant liability (163,975) 562,200 1,007,275 (609,050)
Other expense 2,961    2,961 (16,885)
Net income (loss) before income tax (1,718,747) 302,306 (3,346,231) (3,727,553)
Provision for income taxes            
Net income (loss) $ (1,718,747) $ 302,306 $ (3,346,231) $ (3,727,553)
Net income (loss) per common share:        
Basic $ (0.04) $ 0.01 $ (0.09) $ (0.10)
Diluted $ (0.04) $ 0.01 $ (0.09) $ (0.10)
Weighted average number of common shares used in calculating net income (loss) per common share:        
Basic 38,932,826 38,593,304 38,924,767 38,584,641
Diluted 38,932,826 39,685,134 38,924,767 38,584,641