CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenues | ||||
| Membership fees and related services | $ 3,748,334 | $ 5,652,873 | $ 13,047,652 | $ 18,885,308 |
| Lead generation | 1,554,370 | 2,334,276 | 4,489,919 | 7,853,402 |
| Recruitment services | 954,887 | 830,250 | 2,295,556 | 2,432,951 |
| Products sales and other | 52,857 | 330,769 | 544,440 | 631,198 |
| Consumer advertising and marketing solutions | 49,719 | 73,011 | 176,771 | 209,097 |
| Total revenues | 6,360,167 | 9,221,179 | 20,554,338 | 30,011,956 |
| Costs and expenses: | ||||
| Cost of revenues | 745,159 | 1,464,214 | 2,433,550 | 4,647,520 |
| Sales and marketing | 3,064,454 | 5,132,077 | 10,314,145 | 17,226,640 |
| General and administrative | 3,010,862 | 3,748,138 | 9,428,493 | 11,593,955 |
| Impairment expense | 26,744,249 | 26,744,249 | ||
| Depreciation and amortization | 819,894 | 925,684 | 2,498,136 | 2,730,880 |
| Loss on sale of property and equipment | 32,649 | 32,649 | ||
| Total costs and expenses | 7,640,369 | 38,047,011 | 24,674,324 | 62,975,893 |
| Loss from operations | (1,280,202) | (28,825,832) | (4,119,986) | (32,963,937) |
| Other (expense) income | ||||
| Interest expense | (215,781) | (9,229) | (216,948) | (84,339) |
| Interest and other income | 150 | 2,382 | 801 | 25,566 |
| Other income (expense), net | (215,631) | (6,847) | (216,147) | (58,773) |
| Change in fair value of warrant liability | (401,000) | 2,224 | (401,000) | 93,784 |
| Loss before income tax benefit | (1,896,833) | (28,830,455) | (4,737,133) | (32,928,926) |
| Income tax expense (benefit) | (623,699) | 2,976,217 | (1,218,092) | 1,509,395 |
| Net loss | $ (1,273,134) | $ (31,806,672) | $ (3,519,041) | $ (34,438,321) |
| Net loss per common share, basic and diluted per common share: | $ (0.70) | $ (17.59) | $ (1.94) | $ (20.05) |
| Weighted average shares used in computing net loss | ||||
| Basic and diluted | 1,809,676 | 1,808,099 | 1,809,676 | 1,717,816 |