XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 737,398 $ 1,399,315 $ 1,596,402 $ 2,671,801
Cost of revenues 426,975 499,427 874,606 1,079,389
Gross margin 310,423 899,888 721,796 1,592,412
Operating expenses:        
Software development costs 227,250 344,986 582,294 529,870
Selling, general and administrative 1,350,378 1,191,474 3,128,012 2,416,197
Advertising and marketing 153,415 526,344 368,396 825,140
Depreciation and amortization 10,679 5,850 21,197 11,125
Total operating expenses 1,741,722 2,068,654 4,099,899 3,782,332
Operating loss (1,431,299) (1,168,766) (3,378,103) (2,189,920)
Other (income) expense:        
Interest expense 147 28,952 312 58,195
Amortization of debt discount and issuance costs 0 13,314 0 26,628
Investment (income) loss (6,952) 105,067 (53,553) 283,799
Total other (income) expense (6,805) 147,333 (53,241) 368,622
Loss before income taxes (1,424,494) (1,316,099) (3,324,862) (2,558,542)
Income Taxes 0 0 0 0
Net loss $ (1,424,494) $ (1,316,099) $ (3,324,862) $ (2,558,542)
Weighted average number of common shares outstanding – basic and diluted (in shares) 3,158,593 3,296,415 3,231,203 3,295,938
Net loss per share – basic and diluted (in dollars per share) $ (0.45) $ (0.40) $ (1.03) $ (0.78)
Subscription and Circulation [Member]        
Revenue $ 734,648 $ 1,395,624 $ 1,589,638 $ 2,666,554
Product and Service, Other [Member]        
Revenue $ 2,750 $ 3,691 $ 6,764 $ 5,247