XML 56 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Total revenue $ 19,409,230 $ 18,515,082
Costs and expenses:    
Cost of revenue, exclusive of depreciation and amortization 12,602,494 11,853,499
Selling, general and administrative (including stock based compensation) 8,283,266 7,088,610
Depreciation and amortization 1,403,836 1,281,634
Total costs and expenses 22,289,596 20,223,743
Operating loss (2,880,366) (1,708,661)
Other income (expense):    
Interest income 24,953 8,634
Interest expense (157,319) (144,819)
Amortization of deferred financing costs and debt discount (1,901) (46,251)
Impairment of investment (160,000)
Gain on extinguishment of liabilities, net 3,532,659
Income (loss) before income taxes (3,014,634) 1,481,562
Income tax expense (benefit) (125,487) 16,593
Net income (loss) (2,889,147) 1,464,969
Other comprehensive income (loss):    
Interest rate swap (loss) (15,431) 16,017
Settlement of Interest rate swap 22,483
Comprehensive income (loss): $ (2,882,095) $ 1,480,986
Income (loss) per common share:    
Basic $ (0.11) $ 0.09
Diluted $ (0.11) $ 0.09
Shares used in computing income (loss) per common share:    
Basic 25,505,404 16,724,376
Diluted 25,505,404 16,930,805
Printed Products [Member]    
Revenue:    
Total revenue $ 17,089,740 $ 16,940,262
Technology Sales, Services and Licensing [Member]    
Revenue:    
Total revenue 2,147,740 1,574,820
Direct Selling [Member]    
Revenue:    
Total revenue $ 171,750