XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Subscription revenue $ 11,966,497 $ 11,405,787
Advertising revenue 325,475 438,503
Technology service revenue 540,700 3,439,327
Total revenue 12,832,672 15,283,617
Costs and expenses    
Costs of revenue 2,573,083 3,174,453
Sales and marketing expense 825,069 1,056,967
Product development expense 5,025,482 6,563,449
General and administrative expense 3,166,343 6,343,859
Impairment loss on goodwill 6,760,222
Total costs and expenses 11,589,977 23,898,950
Income (loss) from continuing operations 1,242,695 (8,615,333)
Interest income, net 7,119 156,423
Gain from sale of Secured Communications Assets 250,000
Other expense (128,165)
Impairment loss on digital tokens (625,368)
Income (loss) from continuing operations before provision for income taxes 1,371,649 (9,084,278)
Income tax (expense) benefit (387) 141,593
Net income (loss) from continuing operations 1,371,262 (8,942,685)
Discontinued Operations:    
Gain on sale from discontinued operations 826,770
Loss from discontinued operations (104,880)
Income tax expense from discontinued operations (159,265)
Net income from discontinued operations 562,625
Net income (loss) $ 1,371,262 $ (8,380,060)
Basic net income (loss) per share of common stock:    
Continuing operations (in Dollars per share) $ 0.20 $ (1.30)
Discontinued operations (in Dollars per share) 0.08
Net income (loss) per share of common stock (in Dollars per share) 0.20 (1.22)
Diluted net income (loss) per share of common stock:    
Continuing operations (in Dollars per share) 0.20 (1.30)
Discontinued operations (in Dollars per share) 0.08
Net loss per share of common stock (in Dollars per share) $ 0.20 $ (1.22)
Weighted average number of shares of common stock used in calculating net loss per share of common stock:    
Basic (in Shares) 6,884,690 6,873,652
Diluted (in Shares) 6,887,808 6,873,652