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v3.19.1

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017
Revenue: |  |
Total revenue | $ 18,515,082 | $ 18,661,872
Costs and expenses: |  |
Cost of revenue, exclusive of depreciation and amortization | 11,853,499 | 11,008,882
Selling, general and administrative (including stock based compensation) | 7,088,610 | 6,465,016
Depreciation and amortization | 1,281,634 | 1,413,838
Total costs and expenses | 20,223,743 | 18,887,736
Operating loss | (1,708,661) | (225,864)
Other income (expense): |  |
Interest income | 8,634 | 4,209
Interest expense | (144,819) | (223,321)
Amortization of deferred financing costs and debt discount | (46,251) | (154,142)
Impairment of investment | (160,000) |
Gain on extinguishment of liabilities, net | 3,532,659 |
Income (loss) before income taxes | 1,481,562 | (599,118)
Income tax expense (benefit) | 16,593 | (20,962)
Net income (loss) | 1,464,969 | (578,156)
Other comprehensive income: |  |
Interest rate swap gain | 16,017 | 22,274
Comprehensive income (loss): | $ 1,480,986 | $ (555,882)
Income (loss) per common share: Basic | $ 0.09 | $ (0.04)
Income (loss) per common share: Diluted | $ 0.09 | $ (0.04)
Shares used in computing income (loss) per common share: Basic | 16,724,376 | 14,424,344
Shares used in computing income (loss) per common share: Diluted | 16,930,805 | 14,424,344
Printed Products [Member] |  |
Revenue: |  |
Total revenue | $ 16,940,262 | $ 17,026,247
Technology Sales, Services and Licensing [Member] |  |
Revenue: |  |
Total revenue | $ 1,574,820 | $ 1,635,625

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