|
Consolidated Statements of Comprehensive Loss (Unaudited) (USD $)
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Revenue: |
|
|
| Advertising |
$ 0 |
$ 0 |
| Products |
3,082,317 |
2,206,420 |
| Maintenance and content services |
3,626,375 |
4,302,725 |
| Professional services |
2,601,822 |
2,463,566 |
| Total Revenue |
9,310,514 |
8,972,711 |
| Cost of Revenue: |
|
|
| Advertising |
0 |
0 |
| Products |
1,654,739 |
1,907,151 |
| Maintenance and content services |
640,425 |
760,146 |
| Professional services |
1,625,753 |
1,609,830 |
| Loss on long-term contract |
1,035,993 |
0 |
| Total Cost of Revenue |
4,956,910 |
4,277,127 |
| Gross Profit |
4,353,604 |
4,695,584 |
| Operating expenses: |
|
|
| Sales and marketing |
2,685,118 |
3,558,341 |
| General and administrative |
4,065,424 |
4,937,163 |
| Research and development |
681,396 |
844,702 |
| Depreciation and amortization |
912,578 |
1,205,843 |
| Total operating expenses |
8,344,516 |
10,546,049 |
| Operating income (loss) |
(3,990,912) |
(5,850,465) |
| Other Income (Expense): |
|
|
| Warrant liability income (expense) |
289,462 |
(4,641,471) |
| Interest expense and other - net |
(1,244,447) |
(239,043) |
| Loss before income taxes and discontinued operations |
(4,945,897) |
(10,730,979) |
| Income tax expense (benefit) |
(16,546) |
(950,079) |
| Loss from discontinued operations |
(1,971,863) |
(2,650,751) |
| Net loss |
(6,901,214) |
(12,431,651) |
| Other comprehensive loss - |
|
|
| Foreign currency translation adjustments |
(194,489) |
4,606 |
| Total comprehensive loss |
$ (7,095,703) |
$ (12,427,045) |
| Net loss per share of Common Stock (basic and diluted): |
|
|
| Continuing operations |
$ (0.41) |
$ (0.82) |
| Discontinued operations |
$ (0.16) |
$ (0.22) |
| Net loss per share of Common Stock (basic and diluted): |
$ (0.57) |
$ (1.04) |
| Weighted average shares used in computing basic and diluted net income (loss) per share of Common Stock |
12,167,756 |
11,952,172 |