v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net revenue $ 9,214,350 $ 13,789,754 $ 31,737,520 $ 43,302,230
Cost of revenue 1,645,392 4,955,508 6,154,921 17,310,496
Gross profit 7,568,958 8,834,246 25,582,599 25,991,734
Operating expenses        
Marketing costs (traffic acquisition costs or TAC) 5,668,707 6,940,772 19,148,925 20,013,117
Compensation 2,462,693 2,186,252 6,925,239 5,730,297
Selling, general and administrative 1,870,258 2,081,547 5,710,221 6,672,115
Total operating expenses 10,001,658 11,208,571 31,784,385 32,415,529
Operating loss (2,432,700) (2,374,325) (6,201,786) (6,423,795)
Interest expense, net (26,143) (143,642) (251,335) (511,558)
Other income (expense), net 53,763 3,305,867 (136,483) 3,305,867
Net (loss) income $ (2,405,080) $ 787,900 $ (6,589,604) $ (3,629,486)
Per common share data: Basic and diluted        
Net (loss) income (in dollars per share) $ (0.03) $ 0.02 $ (0.09) $ (0.10)
Weighted average shares        
Basic (in shares) 92,110,881 46,218,413 70,652,630 37,079,457
Diluted (in shares) 92,110,881 51,019,631 70,652,630 37,079,457

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