XML 25 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total revenue $ 3,532,919 $ 4,094,290 $ 12,448,668 $ 12,558,905
Costs and expenses:        
Cost of revenue, exclusive of depreciation and amortization 2,217,822 2,551,782 8,275,046 7,889,844
Selling, general and administrative (including stock based compensation) 2,094,578 1,610,831 5,736,078 5,195,495
Depreciation and amortization 420,063 310,330 1,051,211 1,002,813
Total costs and expenses 4,732,463 4,472,943 15,062,335 14,088,152
Operating loss (1,199,544) (378,653) (2,613,667) (1,529,247)
Other income (expense):        
Interest income 6,983 2,308 11,175 8,415
Interest expense (57,759) (29,554) (127,900) (112,460)
Amortization of deferred financing costs and debt discount (351) (6,168) (1,551) (40,067)
Gain on extinguishment of liabilities, net 3,532,659
Income (loss) before income taxes (1,250,671) (412,067) (2,731,943) 1,859,300
Income tax expense (benefit)
Net income (loss) (1,250,671) (412,067) (2,731,943) 1,859,300
Other comprehensive income (loss):        
Foreign currency translation adjustment (5,088) (5,088)
Interest rate swap gain (loss) (4,458) (15,431) 17,394
Settlement of interest rate swap 22,483 22,483
Comprehensive income (loss): $ (1,228,188) $ (421,613) $ (2,724,891) $ 1,871,606
Earnings (loss) per common share:        
Basic $ (0.05) $ (0.02) $ (0.12) $ 0.11
Diluted $ (0.05) $ (0.02) $ (0.12) $ 0.11
Shares used in computing earnings (loss) per common share:        
Basic 24,026,417 16,767,992 22,611,189 16,662,907
Diluted 24,026,417 16,767,992 22,611,189 16,930,812
Printed Products [Member]        
Revenue:        
Total revenue $ 3,035,219 $ 3,783,779 $ 11,024,464 $ 11,432,038
Technology Sales, Services and Licensing [Member]        
Revenue:        
Total revenue $ 497,700 $ 310,511 $ 1,424,204 $ 1,126,867