Consolidated Statements of Operations - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Revenues: | ||
| Subscription revenue | $ 11,568,273 | $ 12,769,012 |
| Advertising revenue | 452,757 | 789,678 |
| Total revenue | 12,021,030 | 13,558,690 |
| Costs and expenses: | ||
| Cost of revenue | 1,702,321 | 1,860,727 |
| Sales and marketing expense | 5,414,563 | 5,742,935 |
| Product development expense | 2,103,300 | 2,926,802 |
| General and administrative expense | 4,200,378 | 4,772,328 |
| Total operating costs and expenses | 13,420,562 | 15,302,792 |
| Loss from Operations | (1,399,532) | (1,744,102) |
| Interest expense, net | (1,538,320) | (30,900) |
| Change in fair value of derivative liabilities | 1,640,000 | 117,125 |
| Net loss | $ (1,297,852) | $ (1,657,877) |
| Loss per share of common stock: | ||
| Basic and diluted | $ (0.03) | $ (0.04) |
| Weighted average number of common shares used in calculating net loss per share of common stock: | ||
| Basic and diluted | 39,627,264 | 39,169,196 |