v3.3.1.900

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014
REVENUE | $ 1,004,495 | $ 759,889
OPERATING EXPENSES: |  |
Cost of revenue | 664,477 | 412,225
Sales and marketing | 385,872 | 482,729
General and administrative | 2,318,720 | 6,103,628
Depreciation and amortization | 364,310 | 344,128
Total operating expenses | 3,733,379 | 7,342,710
Loss from operations | (2,728,884) | (6,582,821)
Other income (expense): |  |
Change in fair value of derivative liabilities | 130,331 | 2,030
Loss on settlement or conversion inducement of debt | 0 | (413,917)
Loss on debt modification | (41,434) | 0
Terminated offering costs | (283,387) | 0
Interest expense | (379,776) | (740,756)
Total other income (expense) | (574,266) | (1,152,643)
NET LOSS | $ (3,303,150) | $ (7,735,464)
Net loss per common share, basic and diluted (in Dollars per share) | $ (0.65) | $ (1.80)
Weighted average common shares outstanding, basic and diluted (in Shares) | 5,112,911 | 4,288,826

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