XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
Revenue $ 7,868,175 $ 7,648,962
Cost of revenue 5,525,625 4,722,058
Gross profit 2,342,550 2,926,904
Selling, general and adminstrative expenses 8,801,085 3,919,384
Professional fees 2,114,942 1,240,290
Depreciation and amortization 4,423,760 4,282,586
Impairments of long-lived assets 244,861 2,405,008
Loss from operations (13,242,098) (8,920,364)
Interest & other income / (expense)    
Interest income 10,574 8,113
Interest expense (1,764) (553,971)
Stock purchase right (194,321) 0
Inducement to convert and reduction in conversion price of convertible notes 0 (6,706,141)
Change in fair value of warrant liabilities and modification to certain warrants 0 669,133
Change in fair value of contingent consideration 3,016 (501,127)
Loss on sale of marketable equity securities 0 (14,650)
Loss on investment in unconsolidated entities (14,371) (15,240)
Gain on deconsolidation of AdNet 470,041 0
Other (42,849) (3,482)
Net loss before income taxes and noncontrolling interest (13,011,772) (16,037,729)
Income tax benefit 369,707 517,723
Consolidated net loss (income) (12,642,065) (15,520,006)
Plus: Net loss attributable to noncontrolling interests 1,372,164 2,616,032
Net loss attributable to YOU On Demand shareholders (11,269,901) (12,903,974)
Dividends on preferred stock 0 (2,315,309)
Net loss attributable to YOU On Demand common shareholders $ (11,269,901) $ (15,219,283)
Basic (in dollars per share) $ (1.15) $ (5.19)
Diluted (in dollars per share) $ (1.15) $ (5.19)
Weighted average shares outstanding    
Basic (in shares) 9,759,430 2,930,983
Diluted (in shares) 9,759,430 2,930,983