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Consolidated Statements of Operations (USD $)
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3 Months Ended | 9 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|---|
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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Dec. 31, 2013
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Dec. 31, 2012
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| Revenues: | ||||||
| Subscription revenue | $ 2,988,151 | $ 4,304,763 | $ 9,566,361 | $ 15,001,709 | $ 12,560,856 | $ 18,910,070 |
| Advertising revenue | 1,827 | 26,938 | 45,167 | 288,082 | 49,236 | 336,666 |
| Total revenue | 2,989,978 | 4,331,701 | 9,611,528 | 15,289,791 | 12,610,092 | 19,246,736 |
| Costs and expenses | ||||||
| Programming, hosting and technology expense | 1,225,129 | 1,236,732 | 3,993,704 | 3,144,942 | 5,035,482 | 4,444,550 |
| Compensation expense | 1,223,555 | 756,549 | 3,123,161 | 2,726,401 | 4,177,568 | 3,625,117 |
| Professional fees | 200,619 | 156,354 | 674,426 | 488,580 | 1,005,650 | 703,125 |
| Advertising and marketing expense | 1,125,181 | 1,511,292 | 3,209,110 | 9,058,190 | 4,170,064 | 9,876,097 |
| General and administrative expense | 774,632 | 936,257 | 2,972,104 | 2,997,486 | 3,711,885 | 3,953,795 |
| Total costs and expenses | 4,549,116 | 4,597,184 | 13,972,505 | 18,415,599 | 18,100,649 | 22,602,684 |
| Loss from operations | (1,559,138) | (265,483) | (4,360,977) | (3,125,808) | (5,490,557) | (3,355,948) |
| Interest income, net | 1,405 | 5,589 | 4,510 | 24,190 | 5,807 | 21,517 |
| Gain (loss) on change in fair value of warrants | 1,475,775 | (679,325) | ||||
| Mark-to-market adjustment on warrant liability | (163,975) | 562,200 | 1,007,275 | (609,050) | ||
| Other income (expense) | 2,961 | 2,961 | (16,885) | 2,962 | (16,885) | |
| Loss before provision for income taxes | (1,718,747) | 302,306 | (3,346,231) | (3,727,553) | (4,006,013) | (4,030,641) |
| Provision for income taxes | ||||||
| Net loss | $ (1,718,747) | $ 302,306 | $ (3,346,231) | $ (3,727,553) | $ (4,006,013) | $ (4,030,641) |
| Net loss per common share: | ||||||
| Basic and diluted | $ (0.10) | $ (0.10) | ||||
| Basic | $ (0.04) | $ 0.01 | $ (0.09) | $ (0.10) | ||
| Diluted | $ (0.04) | $ 0.01 | $ (0.09) | $ (0.10) | ||
| Weighted average number of common shares used in calculating net loss per common share: | ||||||
| Basic and diluted | 38,937,210 | 38,611,758 | ||||
| Basic | 38,932,826 | 38,593,304 | 38,924,767 | 38,584,641 | ||
| Diluted | 38,932,826 | 39,685,134 | 38,924,767 | 38,584,641 | ||