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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Subscription revenue $ 3,210,619 $ 3,049,900 $ 5,860,742 $ 6,054,255
Advertising revenue 57,856 110,869 113,523 231,359
Technology service revenue 112,000 1,712,105 126,952 3,460,435
Total revenues 3,380,475 4,872,874 6,101,217 9,746,049
Costs and expenses:        
Cost of revenue 685,430 892,470 1,308,154 1,844,689
Sales and marketing expense 221,416 230,996 413,086 608,147
Product development expense 1,255,884 1,711,974 2,506,580 3,483,539
General and administrative expense 687,083 1,614,387 1,706,337 3,491,859
Total costs and expenses 2,849,813 4,449,827 5,934,157 9,428,234
Income from continuing operations 530,662 423,047 167,060 317,815
Other income (expense), net 4,589 (79,880)
Interest income (expense), net (1,210) 24,837 10,977 54,794
Income from continuing operations before provision for income taxes 534,041 447,884 98,157 372,609
Income tax expense (2,500) (163,490) (5,000) (4,500)
Net income from continuing operations 531,541 284,394 93,157 368,109
Discontinued Operations:        
Gain on sale from discontinued operations 826,770
Loss from discontinued operations (104,880)
Income tax benefit on discontinued operations 158,990
Net income from discontinued operations 158,990 721,890
Net income $ 531,541 $ 443,384 $ 93,157 $ 1,089,999
Basic net income per share of common stock:        
Continuing operations $ 0.08 $ 0.04 $ 0.01 $ 0.05
Discontinued operations 0.02 0.11
Basic net income per share of common stock 0.08 0.06 0.01 0.16
Diluted net income per share of common stock:        
Continuing operations 0.08 0.04 0.01 0.05
Discontinued operations 0.02 0.11
Diluted net income per share of common stock $ 0.08 $ 0.06 $ 0.01 $ 0.16
Weighted average number of shares of common stock used in calculating net income per share of common stock:        
Basic 6,869,027 6,874,679 6,871,299 6,874,314
Diluted 6,869,027 6,886,900 6,871,299 6,875,195