000-53981 | 20-8610073 |
(Commission File Number) | (IRS Employer Identification No.) |
101 W. Renner Rd., Suite 280
Richardson, TX
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75082 |
(Address of principal executive offices) | (Zip Code) |
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MEDIA CONTACT
Rachel David
Rachel.David@hck2.com
972.499.6630
INVESTOR CONTACT
Merriman Capital, Inc.
Becky Popoff
BPopoff@merrimanco.com
(415) 568-3925
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Revenue for the three months ended September 30, 2015 was $508,391 as compared to $310,360 in revenues for the same period in 2014, up approximately 64%.
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For the three months ended September 30, 2015 the Company had a net loss of $792,942, as compared to a net loss of $1,284,416 for the three months ended September 30, 2014, down approximately 38%.
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For the three months ended September 30, 2015 general and administrative expenses were reduced to $463,969 as compared to $1,131,804 for the three months ended September 30, 2014, down approximately 59%.
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Between September and October 2015 the Company closed a round of private financing in which they sold and issued an aggregate of 482,500 shares of common stock at a price per share of $4.25 resulting in gross proceeds to the Company of $2,050,625. Gross proceeds from Q3 represented $1,774,375 with the balance of the raise concluding in Q4. The common shares also included warrants to purchase an aggregate of 482,500 shares of common stock which are exercisable for a term of five years at an exercise price of $4.75 per share. Shares issued in the private offering were registered during Q4.
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Settlements were reached with both IZEA and Yelp in our ongoing infringement suits.
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The appeals filed with the Federal Circuit on Covered Business Method Review (CBMR) decisions by the Patent Trials and Appeal Board (PTAB) which concluded last December have been accelerated and will be heard on December 7th.
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The trial with remaining defendants Groupon and FourSquare has been stayed until after the Federal Circuit ruling taking place in December. A joint motion for a revised trial schedule is required to be filed within 10 days after the Federal Circuit ruling.
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Significant new features deployed for Mobile ADvantage™ and KIOSentrix™ products.
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Aggressively growing pipeline of opportunities across all retail sectors.
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