|
Consolidated Statements Of Operations And Comprehensive Loss (USD $)
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Operating revenue |
|
|
| Brands |
$ 2,048,304 |
$ 500,890 |
| Total revenue |
2,048,304 |
500,890 |
| Operating expenses |
|
|
| Sales and marketing |
388,361 |
91,467 |
| Content, technology and development |
566,883 |
75,720 |
| General and administrative |
6,312,880 |
6,150,269 |
| Impairment loss |
|
412,979 |
| Depreciation and amortization expense |
666,395 |
232,574 |
| Total operating expenses |
7,934,519 |
6,963,009 |
| Operating loss |
(5,886,615) |
(6,462,119) |
| Other income (expense) |
|
|
| (Loss) Gain on change in fair value of derivative liability |
(491,638) |
930,132 |
| Interest expense |
(364,332) |
(64,838) |
| Other income (expense) |
(66) |
12,970 |
| Total other income (expense) |
(856,036) |
878,264 |
| Loss before gain (loss) from equity-method investments |
(6,742,651) |
(5,583,855) |
| Change of interest gain of equity-method investments |
|
2,494,990 |
| Proportional share in loss of equity-method investment |
(222,707) |
(2,948,206) |
| Loss before income taxes |
(6,965,358) |
(6,037,071) |
| Income tax expense |
|
1,531 |
| Net loss |
(6,965,358) |
(6,038,602) |
| Net loss per share |
|
|
| Net loss per share, basic and diluted |
$ (0.90) |
$ (0.91) |
| Basic and diluted weighted average shares outstanding |
7,732,748 |
6,605,563 |
| Comprehensive loss |
|
|
| Net loss |
(6,965,358) |
(6,038,602) |
| Cumulative translation adjustments |
(8,713) |
(11,511) |
| Total comprehensive loss |
$ (6,974,071) |
$ (6,050,113) |