v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net revenue $ 16,806,170 $ 20,311,502 $ 56,315,006 $ 55,798,545
Cost of revenue 6,196,057 9,649,295 21,965,955 25,161,761
Gross profit 10,610,113 10,662,207 34,349,051 30,636,784
Operating expenses        
Marketing costs (traffic acquisition costs or TAC) 8,285,465 7,161,905 25,025,922 21,122,489
Compensation 1,806,111 2,363,901 6,749,280 7,053,308
Selling, general and administrative 1,859,020 2,025,254 5,968,233 6,308,552
Total operating expenses 11,950,596 11,551,060 37,743,435 34,484,349
Operating loss (1,340,483) (888,853) (3,394,384) (3,847,565)
Interest expense, net (101,167) (97,318) (296,612) (212,922)
Loss from continuing operations before taxes (1,441,650) (986,171) (3,690,996) (4,060,487)
Income tax benefit 0 0 8,625 0
Net loss from continuing operations (1,441,650) (986,171) (3,682,371) (4,060,487)
Net loss from discontinued operations 0 0 0 (1,109)
Net loss $ (1,441,650) $ (986,171) $ (3,682,371) $ (4,061,596)
Per common share data: Basic and diluted        
Net loss from continuing operations (in usd per share) $ (0.04) $ (0.03) $ (0.12) $ (0.14)
Net loss from discontinued operations (in usd per share) 0 0 0 0
Net loss (in usd per share) $ (0.04) $ (0.03) $ (0.12) $ (0.14)
Weighted average shares        
Basic (in shares) 32,316,988 28,553,055 30,540,796 28,030,902
Diluted (in shares) 32,316,988 28,553,055 30,540,796 28,030,902

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