Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Comprehensive Income (Loss)

v3.7.0.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenue, net $ 3,470,000 $ 3,035,000
Cost of revenue (excluding amortization of $813 and $970 for the three months, respectively) 1,771,000 1,179,000
Gross profit 1,699,000 1,856,000
Operating expenses:    
Sales and marketing 1,136,000 1,547,000
Research and development 306,000 323,000
General and administrative 1,522,000 2,816,000
Acquisition related amortization expense 813,000 970,000
Change in fair value of contingent consideration (5,776,000)
Total operating expenses (1,999,000) 5,656,000
Operating income (loss) 3,698,000 (3,800,000)
Interest expense (254,000) (203,000)
Loss on extinguishment of debt (1,547,000)
Other (loss) income , net (36,000) 6,000
Income (loss) from continuing operations before tax 1,861,000 (3,997,000)
Provision for income taxes 3,000 9,000
Income (loss) from continuing operations 1,858,000 (4,006,000)
Income (loss) from discontinued operations, net of tax 556,000 (780,000)
Net income (loss) 2,414,000 (4,786,000)
Net Income (Loss) and Comprehensive Income (Loss) $ 2,414,000 $ (4,786,000)
Basic income (loss) per share of common stock:    
From continuing operations $ 0.43 $ (2.26)
From discontinued operations 0.13 (0.44)
Net income (loss) per basic share of common stock 0.56 (2.69)
Diluted income (loss) per share of common stock:    
From continuing operations 0.42 (2.26)
From discontinued operations 0.13 (0.44)
Net income (loss) per diluted share of common stock $ 0.55 $ (2.69)
Weighted average number of common shares and common share equivalents outstanding:    
Basic 4,294,000 1,776,000
Diluted 4,384,000 1,776,000