v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Net revenue $ 44,640,007 $ 61,525,214
Cost of revenue 8,296,483 22,700,873
Gross profit 36,343,524 38,824,341
Operating expenses    
Marketing costs (Traffic Acquisition Costs-TAC) 27,410,284 30,135,991
Compensation 9,350,831 7,753,528
Selling, general and administrative 7,630,990 8,673,015
Total operating expenses 44,392,105 46,562,534
Operating loss (8,048,581) (7,738,193)
Interest expense, net (253,505) (482,210)
Other income, net 997,517 3,397,902
Loss from continuing operations before taxes (7,304,569) (4,822,501)
Income tax benefit 0 334,394
Net loss $ (7,304,569) $ (4,488,107)
Per common share data: Basic and Diluted    
Net loss (in usd per share) $ (0.09) $ (0.11)
Net loss (in usd per share) $ (0.09) $ (0.11)
Weighted average shares    
Basic (in shares) 77,473,479 40,454,779
Diluted (in shares) 77,473,479 40,454,779

Source