XML 43 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Mar. 31, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]          
Subscription revenue $ 13,416,035   $ 10,194,375 $ 24,546,813 $ 20,140,420
Cost of sales of subscription revenue 2,134,526   1,974,242 4,319,966 3,890,587
Gross profit 11,281,509   8,220,133 20,226,847 16,249,833
Operating expenses:          
Sales and marketing 3,460,773   2,541,207 6,113,787 5,093,227
Product development 889,687   814,025 1,752,441 1,577,128
General and administrative expenses 3,382,146   3,202,151 6,703,222 6,239,593
Total operating expenses 7,732,606   6,557,383 14,569,450 12,909,948
Other income (expenses):          
Interest and other income 8,505   6,071 15,594 9,129
Interest expense (28,283)   (28,283) (56,496) (56,496)
Total other income (expenses) (19,778)   (22,212) (40,902) (47,367)
Income (loss) before income taxes and discontinued operations 3,529,125   1,640,538 5,616,495 3,292,518
Income tax expense 601,000   726,000 1,395,000 1,331,000
Income from continuing operations 2,928,125   914,538 4,221,495 1,961,518
Income (loss) from discontinued operations, net of income tax expense (benefit) of $755,000, $(82,000), $708,000 and $(317,000) respectively 1,138,434   (92,739) 1,067,080 (470,617)
Net income $ 4,066,559   $ 821,799 $ 5,288,575 $ 1,490,901
Per share amounts - basic:          
Income from continuing operations $ 0.26   $ 0.08 $ 0.38 $ 0.18
Net income 0.36   0.07 0.47 0.14
Per share amounts - diluted:          
Income from continuing operations 0.25   0.08 0.36 0.17
Net income $ 0.35   $ 0.07 $ 0.45 $ 0.13
Weighted average number of common shares outstanding:          
Basic 11,228,905   11,101,665 11,209,900 11,040,530
Diluted 11,689,883   11,531,030 11,684,857 11,509,489
Dividends declared per common share $ 0.14 $ 0.14 $ 0.11 $ 0.28 $ 0.11