Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net revenue $ 10,617,809 $ 14,932,983
Cost of revenue 1,444,059 3,439,501
Gross profit 9,173,750 11,493,482
Operating expenses    
Marketing costs (traffic acquisition costs or TAC) 7,305,784 9,622,823
Compensation 2,737,867 2,344,235
Selling, general and administrative 1,724,978 2,058,842
Total operating expenses 11,768,629 14,025,900
Operating loss (2,594,879) (2,532,418)
Interest expense, net (22,389) (152,511)
Other income (expense), net 470,000 (140,307)
Net loss $ (2,147,268) $ (2,825,236)
Per common share data: Basic and diluted    
Net loss (in dollars per share) $ (0.02) $ (0.05)
Weighted average shares    
Basic (in shares) 114,430,201 53,642,787
Diluted (in shares) 114,430,201 53,642,787