|
STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $)
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Revenues |
|
|
| Recruitment services |
$ 2,468,382 |
$ 4,000,000 |
| Consumer advertising and consumer marketing solutions revenue |
1,566,262 |
2,154,111 |
| Total revenues |
4,034,644 |
6,154,111 |
| Costs and expenses: |
|
|
| Cost of services |
1,152,544 |
805,447 |
| Sales and marketing |
2,346,847 |
1,482,556 |
| General and administrative |
2,268,118 |
1,222,158 |
| Depreciation and amortization |
281,648 |
112,943 |
| Gain on sale of property and equipment |
(4,158) |
|
| Total costs and expenses |
6,044,999 |
3,623,104 |
| (Loss) income from operations |
(2,010,355) |
2,531,007 |
| Other income (expense) |
|
|
| Interest expense |
(155,136) |
(172,411) |
| Interest and other income |
25,765 |
13,095 |
| Loss on sale of marketable securities |
(7,640) |
|
| Other expense, net |
(137,011) |
(159,316) |
| Change in fair value of warrant liability |
330,147 |
|
| (Loss) income before income taxes |
(1,817,219) |
2,371,691 |
| Income tax benefit |
(380,832) |
|
| Net (loss) income |
(1,436,387) |
2,371,691 |
| Other comprehensive income: |
|
|
| Net (loss) income |
(1,436,387) |
2,371,691 |
| Unrealized (losses) gains on marketable securities |
|
29,699 |
| Reclassification adjustments for losses on marketable securities included in net income |
7,640 |
2,449 |
| Comprehensive (loss) income |
(1,428,747) |
2,403,839 |
| Net (loss) income per common share, basic and diluted |
$ (0.23) |
$ 0.65 |
| Shares used in computing pro forma net (loss) income per common share: |
|
|
| Basic and diluted |
6,318,085 |
3,693,227 |
| Pro-forma computation related to conversion to a C corporation upon completion of initial public offering |
|
|
| Historical pre-tax net (loss) income before taxes |
(1,817,219) |
2,371,691 |
| Pro-forma tax (benefit) provision |
(740,939) |
979,708 |
| Pro-forma net (loss) income |
$ (1,076,280) |
$ 1,391,983 |
| Unaudited pro-forma (loss) earnings per share |
$ (0.17) |
$ 0.38 |
| Pro-forma (loss) earnings per share - basic and diluted Weighted average number of shares outstanding |
6,318,085 |
3,693,227 |