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v3.7.0.1

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015
Revenues |  |
Convention | $ 21,994,433 | $ 22,905,636
ConBox | 707,101 | 1,120,535
Total revenues | 22,701,534 | 24,026,171
Cost of revenues |  |
Cost of revenues | 16,002,088 | 18,760,031
Write-off of obsolete inventory | 164,903 |
Total cost of revenues | 16,166,991 | 18,760,031
Gross margin | 6,534,543 | 5,266,140
Operating expenses |  |
Compensation | 4,468,149 | 5,396,798
Consulting fees | 687,054 | 625,111
General and administrative | 2,561,586 | 2,126,059
Total operating expenses | 7,716,789 | 8,147,968
Loss from operations | (1,182,246) | (2,881,828)
Other expenses |  |
Interest expense | (26,676) | (2,909)
Loss on disposal of equipment | (36,876) |
Change in fair value of derivative liabilities | (1,829,709) |
Derivative expense | (5,110,879) |
Loss on investment |  | (24,997)
Loss on CONtv joint venture | (262,500) | (1,324,727)
Total other expenses | (7,266,640) | (1,352,633)
Loss before income tax provision | (8,448,886) | (4,234,461)
Income tax provision |  |
Net loss | (8,448,886) | (4,234,461)
Net income attributable to non-controlling interests | 67,258 | 17,706
Net loss attributable to common stockholders | $ (8,516,144) | $ (4,252,167)
Loss per share - basic and diluted | $ (0.16) | $ (0.08)
Weighted average common shares outstanding - basic and diluted | 52,775,488 | 51,363,920

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