STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| STATEMENTS OF OPERATIONS | ||
| Revenue | $ 31,593,720 | $ 15,653,057 |
| Cost of revenue | 5,840,407 | 3,404,400 |
| Gross profit | 25,753,313 | 12,248,657 |
| Operating expenses: | ||
| General and administrative | 7,769,881 | 4,816,973 |
| Sales and marketing | 4,705,977 | 3,297,120 |
| Research and development | 1,764,306 | 1,068,674 |
| Total operating expenses | 14,240,164 | 9,182,767 |
| Income from operations | 11,513,149 | 3,065,890 |
| Other income (expense), net | 121,385 | (48,549) |
| Income before provision for income taxes | 11,634,534 | 3,017,341 |
| Provision for income taxes | 4,104,614 | 966,975 |
| Net income | $ 7,529,920 | $ 2,050,366 |
| Net income per share: | ||
| Basic (in dollars per share) | $ 0.68 | $ 0.23 |
| Diluted (in dollars per share) | $ 0.60 | $ 0.20 |
| Weighted average shares outstanding: | ||
| Basic (in shares) | 11,003,272 | 8,743,461 |
| Diluted (in shares) | 12,556,887 | 10,219,143 |