Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenues, net of discounts $ 3,827,853 $ 4,026,208 $ 9,083,959 $ 11,444,647
Cost of revenues 2,402,605 3,475,189 5,648,968 9,353,841
Gross Profit 1,425,248 551,019 3,434,991 2,090,805
Operating Expenses        
Compensation expense/selling, general and administrative 605,491 645,235 1,705,892 1,594,552
Selling, general and administrative expenses 547,376 1,223,478 1,919,791 2,318,212
Travel expense 43,406 130,991 209,670 328,505
Occupancy costs 201,057 62,641 559,411 163,607
Transaction expenses 42,650 44,150
Total Operating Expenses 1,397,330 2,104,995 4,394,764 4,449,027
Operating Income (Loss) 27,918 (1,553,976) (959,773) (2,358,221)
Other (Expense) Income        
Interest expense (490,236) (630,959) (1,452,354) (1,044,879)
Amortization of debt discount (109,314) (327,944)
Forbearance expense 971,956 (51,156)
Other income (expense) (146,456) (331,270) (100,915) (320,314)
Incentive expense for investor (35,186)
Extinguishment loss (313,900) (313,900)
Total Other (Expense) Income (1,059,906) 9,727 (2,230,299) (1,416,349)
Net Loss (1,031,988) (1,544,249) (3,190,072) (3,774,570)
Preferred stock dividends (19,890) (19,891) (59,670) (59,670)
Net Loss attributable to common shareholders $ (1,051,878) $ (1,564,140) $ (3,249,742) $ (3,834,241)
Loss per share:        
Basic and diluted $ (0.02) $ (0.04) $ (0.05) $ (0.09)
Weighted average number of common shares outstanding:        
Basic and diluted 60,450,606 42,313,609 60,450,606 42,313,609