|
Consolidated Statements of Operations (USD $)
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Revenues: |
|
|
| Subscription revenue |
$ 12,769,012 |
$ 12,560,856 |
| Advertising revenue |
789,678 |
49,236 |
| Total revenue |
13,558,690 |
12,610,092 |
| Costs and expenses |
|
|
| Programming, hosting and technology expense |
2,837,375 |
5,035,482 |
| Compensation expense |
3,274,893 |
4,177,568 |
| Professional fees |
940,872 |
1,005,650 |
| Advertising and marketing expense |
5,244,262 |
4,170,064 |
| General and administrative expense |
3,005,390 |
3,711,885 |
| Total costs and expenses |
15,302,792 |
18,100,649 |
| Loss from operations |
(1,744,102) |
(5,490,557) |
| Interest income (expense), net |
(30,900) |
5,807 |
| Gain on change in fair value of warrants |
117,125 |
1,475,775 |
| Other income |
|
2,962 |
| Loss before provision for income taxes |
(1,657,877) |
(4,006,013) |
| Provision for income taxes |
|
|
| Net loss |
$ (1,657,877) |
$ (4,006,013) |
| Net loss per common share: |
|
|
| Basic and diluted |
$ (0.04) |
$ (0.1) |
| Weighted average number of common shares used in calculating net loss per common share: |
|
|
| Basic and diluted |
39,169,196 |
38,937,210 |