v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net revenue $ 7,590,187 $ 14,047,907 $ 22,523,170 $ 29,512,476
Cost of revenue 1,070,028 5,674,360 4,509,529 12,354,988
Gross profit 6,520,159 8,373,547 18,013,641 17,157,488
Operating expenses        
Marketing costs (traffic acquisition costs or TAC) 3,857,395 6,528,336 13,480,218 13,072,345
Compensation 2,118,311 1,735,489 4,462,546 3,544,045
Selling, general and administrative 1,781,121 2,213,507 3,839,963 4,590,568
Total operating expenses 7,756,827 10,477,332 21,782,727 21,206,958
Operating loss (1,236,668) (2,103,785) (3,769,086) (4,049,470)
Interest (expense) income, net (72,681) 148,792 (225,192) (367,916)
Other expense, net (49,939) 0 (190,246) 0
Net loss $ (1,359,288) $ (1,954,993) $ (4,184,524) $ (4,417,386)
Per common share data: Basic and diluted        
Net loss (in dollars per share) $ (0.02) $ (0.06) $ (0.07) $ (0.14)
Weighted average shares        
Basic (in shares) 66,023,317 32,570,866 59,835,925 32,484,878
Diluted (in shares) 66,023,317 32,570,866 59,835,925 32,484,878

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