CONDENSED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
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Jun. 30, 2013
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Revenues | ||||
Recruitment services | $ 585,106 | $ 556,111 | $ 1,401,450 | $ 1,091,791 |
Consumer advertising and consumer marketing solutions revenue | 447,181 | 420,809 | 868,491 | 804,932 |
Total revenues | 1,032,287 | 976,920 | 2,269,941 | 1,896,723 |
Costs and expenses: | ||||
Cost of services | 395,754 | 247,005 | 762,225 | 486,218 |
Sales and marketing | 763,083 | 576,018 | 1,559,527 | 1,031,827 |
General and administrative | 572,018 | 527,048 | 1,107,715 | 948,114 |
Depreciation and amortization | 93,648 | 60,563 | 184,555 | 115,987 |
Gain on sale of property and equipment | (4,734) | |||
Total costs and expenses | 1,824,503 | 1,410,634 | 3,614,022 | 2,577,412 |
Loss from operations | (792,216) | (433,714) | (1,344,081) | (680,689) |
Other income (expense) | ||||
Interest expense | (155,137) | |||
Interest and other income | 1,010 | 9,132 | 67,256 | 14,357 |
Other income (expense), net | 1,010 | 9,132 | 67,256 | (140,780) |
Change in fair value of warrant liability | (30,277) | 200,495 | 13,532 | 311,303 |
Loss before income taxes | (821,483) | (224,087) | (1,263,293) | (510,166) |
Income tax (benefit) expense | (333,322) | (90,925) | (512,589) | 104,812 |
Net loss | (488,161) | (133,162) | (750,704) | (614,978) |
Other comprehensive (loss) income: | ||||
Net loss | (488,161) | (133,162) | (750,704) | (614,978) |
Unrealized gains on marketable securities | (8,799) | (5,361) | ||
Comprehensive loss | (488,161) | (141,961) | (750,704) | (620,339) |
Net loss per common share, basic and diluted | $ (0.08) | $ (0.02) | $ (0.12) | $ (0.12) |
Shares used in computing pro forma net loss per common share: | ||||
Basic and diluted | 6,313,717 | 6,318,227 | 6,314,866 | 5,318,564 |
Pro-forma computation related to conversion to a C corporation upon completion of initial public offering | ||||
Historical pre-tax net loss before taxes | (821,483) | (224,087) | (1,263,293) | (510,166) |
Pro-forma tax benefit | (333,322) | (90,925) | (512,589) | (225,295) |
Pro-forma net loss | $ (488,161) | $ (133,162) | $ (750,704) | $ (284,871) |
Unaudited pro-forma loss per share | $ (0.08) | $ (0.02) | $ (0.12) | $ (0.05) |
Weighted average number of shares outstanding | 6,313,717 | 6,318,227 | 6,314,866 | 5,318,564 |
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The pro forma income tax expense or benefit for the period as if the conversion to a C corporation had been completed at the beginning of a period. No definition available.
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The pro forma net Income or Loss for the period as if the conversion to a C corporation had been completed at the beginning of a period. No definition available.
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Revenue from the sale of advertising time (such as television and radio) or space (newspaper or magazine pages). May also include advertising, marketing and promotional services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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Pro forma diluted earnings per share adjustment to reconcile between net income and pro forma amounts. No definition available.
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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