Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Revenue: | ||||
| Products | $ 4,053,503 | $ 3,106,913 | $ 7,135,820 | $ 5,313,333 |
| Maintenance and content services | 3,766,760 | 3,601,562 | 7,393,135 | 7,904,287 |
| Professional services | 1,518,516 | 1,488,926 | 4,120,338 | 3,952,492 |
| Total Revenue | 9,338,779 | 8,197,401 | 18,649,293 | 17,170,112 |
| Cost of Revenue: | ||||
| Products | 2,400,183 | 2,406,484 | 4,054,922 | 4,313,635 |
| Maintenance and content services | 502,211 | 755,938 | 1,142,636 | 1,516,084 |
| Professional services | 1,247,259 | 1,475,138 | 2,873,012 | 3,084,968 |
| Loss (Gain) on long-term contract | (1,480,464) | 4,130,104 | (444,471) | 4,130,104 |
| Total Cost of Revenue | 2,669,189 | 8,767,664 | 7,626,099 | 13,044,791 |
| Gross Profit (Loss) | 6,669,590 | (570,263) | 11,023,194 | 4,125,321 |
| Operating expenses: | ||||
| Sales and marketing | 2,019,799 | 3,429,864 | 4,704,917 | 6,988,205 |
| General and administrative | 5,051,650 | 4,485,181 | 9,117,074 | 9,422,344 |
| Research and development | 868,443 | 832,956 | 1,549,839 | 1,677,658 |
| Depreciation and amortization | 1,106,038 | 1,146,710 | 2,018,616 | 2,352,553 |
| Total operating expenses | 9,045,929 | 9,894,711 | 17,390,446 | 20,440,760 |
| Operating loss | (2,376,340) | (10,464,974) | (6,367,252) | (16,315,439) |
| Other Income (Expense): | ||||
| Warrant liability income (expense) | 767,073 | 4,052,462 | 1,056,535 | (589,009) |
| Interest (expense) and other income - net | (91,555) | 144,054 | (1,336,002) | (94,989) |
| Loss before income taxes and discontinued operations | (1,700,822) | (6,268,458) | $ (6,646,719) | (16,999,437) |
| Income tax expense (benefit) | 16,546 | 685,060 | (265,019) | |
| Total Loss from continuing operations | (1,717,368) | (6,953,518) | $ (6,646,719) | (16,734,418) |
| Loss from discontinued operations | (1,003,858) | (9,073,652) | (2,975,721) | (11,724,403) |
| Net loss | (2,721,226) | (16,027,170) | (9,622,440) | (28,458,821) |
| Other comprehensive income - | ||||
| Foreign currency translation adjustments | 269,653 | 97,182 | 75,164 | 101,788 |
| Total comprehensive loss | $ (2,451,573) | $ (15,929,988) | $ (9,547,276) | $ (28,357,033) |
| Net loss per share of Common Stock (basic and diluted): | ||||
| Continuing operations | $ (0.07) | $ (0.56) | $ (0.35) | $ (1.38) |
| Discontinued operations | (0.04) | (0.73) | (0.16) | (0.96) |
| Net loss per share of Common Stock (basic and diluted): | $ (0.11) | $ (1.30) | $ (0.51) | $ (2.34) |
| Weighted average shares used in computing basic and diluted net loss per share of Common Stock | 25,475,448 | 12,367,756 | 18,858,364 | 12,161,112 |