Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.20.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Total revenues $ 5,025,212 $ 7,620,918
Costs and expenses:    
Cost of revenues 884,374 999,964
Sales and marketing 2,159,315 3,654,886
General and administrative 4,273,941 6,515,198
Litigation settlement 342,472
Impairment charge 8,047,090
Depreciation and amortization 703,717 2,599,994
Total costs and expenses 8,021,347 22,159,604
Loss from continuing operations (2,996,135) (14,538,686)
Other (expense) income    
Interest and other income 8,017 17,771
Other income (expense) 18,488 299
Other income, net 26,505 18,070
Loss before income tax benefit (2,969,630) (14,520,616)
Income tax benefit (177,501) (1,353,535)
Loss from continuing operations (2,792,129) (13,167,081)
Loss from discontinued operations (1,052,334) (1,913,931)
Net loss (3,844,463) (15,081,012)
Other comprehensive loss:    
Net loss before non-controlling interest (3,844,463) (15,081,012)
Foreign currency translation adjustment 68,452 (53,188)
Comprehensive loss $ (3,775,881) $ (15,134,200)
Basic and diluted loss per share:    
Continuing operations $ (0.43) $ (2.88)
Discontinued operations (0.16) (0.42)
Net loss $ (0.59) $ (3.30)
Weighted average outstanding shares used in computing net loss per common share:    
Basic and diluted 6,547,815 4,578,834
Membership Fees and Related Services [Member]    
Revenues:    
Total revenues $ 2,428,060 $ 4,766,798
Recruitment Services [Member]    
Revenues:    
Total revenues 2,450,742 2,571,935
Product Sales and Other [Member]    
Revenues:    
Total revenues 5,644 19,239
Consumer Advertising and Marketing Solutions [Member]    
Revenues:    
Total revenues $ 140,766 $ 262,946