|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 1,138,385 |
$ 927,352 |
| Restricted cash |
|
490,315 |
| Credit card holdback receivable |
648,759 |
232,264 |
| Accounts receivable, net of allowances and reserves of $42,533 and $37,850, respectively |
221,128 |
385,370 |
| Security deposits |
115,104 |
|
| Prepaid expense and other current assets |
93,542 |
114,863 |
| Total current assets |
2,216,918 |
2,150,164 |
| Fixed assets and intangible assets, net |
563,123 |
522,462 |
| Notes receivable |
78,520 |
170,566 |
| Long term security deposits |
135,000 |
|
| Investments |
200,000 |
100,000 |
| Total assets |
3,193,561 |
2,943,192 |
| Current liabilities: |
|
|
| Accounts payable |
1,074,345 |
861,730 |
| Accrued expenses and other current liabilities |
1,062,836 |
671,142 |
| Notes payable |
400,000 |
|
| Deferred subscription revenue |
1,952,075 |
1,826,771 |
| Deferred advertising revenue |
13,427 |
300,000 |
| Total current liabilities |
4,502,683 |
3,659,643 |
| Long term deferred rent |
|
12,058 |
| Warrant liability |
23,425 |
140,550 |
| Capital lease obligations |
149,055 |
|
| Total liabilities |
4,675,163 |
3,812,251 |
| Stockholders' (deficit) equity: |
|
|
| Preferred Stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding |
|
|
| Common Stock, $0.001 par value, 100,000,000 shares authorized, 49,507,826 and 49,987,826 shares issued, respectively, and 39,182,826 and 39,132,826 shares outstanding, respectively |
39,183 |
39,133 |
| Additional paid-in capital |
11,858,489 |
10,813,205 |
| Accumulated deficit |
(13,379,274) |
(11,721,397) |
| Total stockholders' (deficit) equity |
(1,481,602) |
(869,059) |
| Total liabilities and stockholders' (deficit) equity |
$ 3,193,561 |
$ 2,943,192 |