v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net revenue $ 14,047,907 $ 19,004,851 $ 29,512,476 $ 39,508,836
Cost of revenue 5,674,360 6,991,304 12,354,988 15,769,898
Gross profit 8,373,547 12,013,547 17,157,488 23,738,938
Operating expenses        
Marketing costs (traffic acquisition costs or TAC) 6,528,336 8,446,163 13,072,345 16,740,457
Compensation 1,735,489 2,323,654 3,544,045 4,943,169
Selling, general and administrative 2,213,507 1,982,851 4,590,568 4,109,213
Total operating expenses 10,477,332 12,752,668 21,206,958 25,792,839
Operating loss (2,103,785) (739,121) (4,049,470) (2,053,901)
Interest income (expense), net 148,792 (94,556) (367,916) (195,445)
Loss before taxes (1,954,993) (833,677) (4,417,386) (2,249,346)
Income tax benefit 0 980 0 8,625
Net loss $ (1,954,993) $ (832,697) $ (4,417,386) $ (2,240,721)
Per common share data: Basic and diluted        
Net loss (in usd per share) $ (0.06) $ (0.03) $ (0.14) $ (0.08)
Weighted average shares        
Basic (in shares) 32,570,866 30,614,207 32,484,878 29,634,023
Diluted (in shares) 32,570,866 30,614,207 32,484,878 29,634,023

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