|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Revenues |
|
|
| Recruitment services |
$ 2,920,791 |
$ 2,468,382 |
| Consumer advertising and consumer marketing solutions revenue |
1,491,943 |
1,566,262 |
| Membership fees and related services |
5,932,138 |
|
| Lead generation revenues |
1,061,041 |
|
| Product sales and other revenue |
237,818 |
|
| Total revenues |
11,643,731 |
4,034,644 |
| Costs and expenses: |
|
|
| Cost of sales and services |
2,153,900 |
1,152,544 |
| Sales and marketing |
8,040,797 |
2,346,847 |
| General and administrative |
6,392,109 |
2,268,118 |
| Depreciation and amortization |
1,084,451 |
281,648 |
| Gain on bargain purchase of business |
(429,956) |
|
| Gain on sale of property and equipment |
|
(4,158) |
| Total costs and expenses |
17,241,301 |
6,044,999 |
| Loss from operations |
(5,597,570) |
(2,010,355) |
| Other income (expense) |
|
|
| Interest expense |
(3,370) |
(155,136) |
| Interest and other income |
84,519 |
25,765 |
| Acquisition related costs |
(1,195,195) |
|
| Loss on sale of marketable securities |
|
(7,640) |
| Other income (expense), net |
(1,114,046) |
(137,011) |
| Change in fair value of warrant liability |
(8,568) |
330,147 |
| Loss before income taxes |
(6,720,184) |
(1,817,219) |
| Income tax benefit |
(3,062,108) |
(380,832) |
| Net loss |
(3,658,076) |
(1,436,387) |
| Other comprehensive (loss) income: |
|
|
| Net loss |
(3,658,076) |
(1,436,387) |
| Reclassification adjustments for losses on marketable securities included in net income |
|
7,640 |
| Comprehensive loss |
(3,658,076) |
(1,428,747) |
| Net loss per common share, basic and diluted |
$ (0.46) |
$ (0.23) |
| Weighted average shares used in computing net loss per common share: |
|
|
| Basic and diluted |
8,016,074 |
6,318,085 |
| Pro forma computation related to conversion to a C corporation upon completion of initial public offering in 2013: |
|
|
| Historical pre-tax net loss before taxes |
(6,720,184) |
(1,817,219) |
| Pro-forma tax benefit |
|
(740,939) |
| Pro-forma net loss |
|
$ (1,076,280) |
| Unaudited pro-forma loss per share |
|
$ (0.17) |
| Weighted average number of shares outstanding |
8,016,074 |
6,318,085 |