XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF (LOSS) INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net revenue $ 15,648,912 $ 16,727,810 $ 34,379,361 $ 30,148,757
Cost of revenue 3,971,086 7,092,744 8,256,356 13,161,963
Gross profit 11,677,826 9,635,066 26,123,005 16,986,794
Operating expenses        
Marketing costs 9,408,411 6,583,262 20,474,077 11,505,408
Compensation 1,577,950 1,341,453 3,322,718 2,532,510
Selling, general and administrative 1,298,310 1,178,539 2,530,048 2,166,305
Total operating expenses 12,284,671 9,103,254 26,326,843 16,204,223
Operating (loss) income (606,845) 531,812 (203,838) 782,571
Interest expense, net (22,447) (37,412) (46,055) (88,573)
(Loss) income from continuing operations before taxes (629,292) 494,400 (249,893) 693,998
Income tax benefit (expense) 56,221 (34,700) 48,986 371,753
Net (loss) income from continuing operations (573,071) 459,700 (200,907) 1,065,751
Net (loss) income from discontinued operations (1,757) (14,692) 353 5,567
Net (loss) income $ (574,828) $ 445,008 $ (200,554) $ 1,071,318
Per common share data: Basic and diluted        
Net (loss) income from continuing operations (in usd per share) $ (0.02) $ 0.02 $ (0.01) $ 0.04
Net (loss) income from discontinued operations (in usd per share) 0.00 0.00 0.00 0.00
Net (loss) income (in usd per share) $ (0.02) $ 0.02 $ (0.01) $ 0.04
Weighted average shares        
Basic (in shares) 24,567,752 24,268,364 24,474,474 24,178,037
Diluted (in shares) 24,567,752 24,689,110 24,474,474 24,432,837