XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:                
Subscription revenue $ 11,954,591     $ 11,261,831     $ 34,963,042 $ 34,059,230
Other revenue 137,178     275,344     963,901 1,916,367
Total revenue 12,091,769     11,537,175     35,926,943 35,975,597
Cost of sales 2,944,607     2,925,212     9,527,037 7,881,536
Gross profit 9,147,162     8,611,963     26,399,906 28,094,061
Operating expenses:                
Sales and marketing 3,189,695     2,890,739     9,622,811 8,583,395
Product development 1,194,925     1,001,072     3,467,223 3,021,726
General and administrative expenses 3,987,280     3,933,992     11,820,321 11,555,444
Total operating expenses 8,371,900     7,825,803     24,910,355 23,160,565
Other income (expenses):                
Interest and other income 979     5,214     2,681 19,380
Interest expense (32,511)     (28,709)     (97,117) (78,250)
Total other income (expenses) (31,532)     (23,495)     (94,436) (58,870)
Income before income taxes 743,730     762,665     1,395,115 4,874,626
Income tax expense 286,000     297,000     5,000 1,864,000
Net income $ 457,730     $ 465,665     $ 1,390,115 $ 3,010,626
Net income per common share:                
Basic $ 0.04     $ 0.04     $ 0.12 $ 0.27
Diluted $ 0.04     $ 0.04     $ 0.12 $ 0.26
Weighted average number of common shares outstanding:                
Basic 11,499,832     11,320,904     11,487,280 11,308,833
Diluted 11,774,684     11,764,210     11,758,368 11,745,499
Dividends declared per common share $ 0.17 $ 0.17 $ 0.17 $ 0.17 $ 0.17 $ 0.17 $ 0.51 $ 0.51