Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
NET REVENUE $ 19,578,790 $ 16,749,499 $ 41,445,958 $ 31,829,710
OPERATING EXPENSES:        
Direct operating costs 12,556,674 11,396,395 26,123,404 21,243,935
Selling and marketing 1,625,045 382,557 3,206,398 743,956
General and administrative 5,392,857 5,143,754 10,985,582 9,305,830
Research and development 2,146,325 218,408 4,479,451 473,064
Change in contingent consideration (64,203)
Depreciation and amortization 2,404,915 836,161 3,737,701 1,592,901
Impairment and unoccupied lease charges 63,175 360,826
Total operating expenses 24,188,991 17,977,275 48,893,362 33,295,483
OPERATING LOSS (4,610,201) (1,227,776) (7,447,404) (1,465,773)
OTHER:        
Interest income 3,924 67,497 41,681 145,697
Interest expense (146,236) (100,562) (263,781) (195,958)
Other (expense) income - net (114,330) 545,221 330,813 464,191
LOSS BEFORE PROVISION FOR INCOME TAXES (4,866,843) (715,620) (7,338,691) (1,051,843)
Income tax (benefit) provision (74,338) 55,352 (44,415) 14,820
NET LOSS (4,792,505) (770,972) (7,294,276) (1,066,663)
Preferred stock dividend 3,276,917 1,486,706 5,919,833 2,979,406
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (8,069,422) $ (2,257,678) $ (13,214,109) $ (4,046,069)
Net loss per common share: basic and diluted $ (0.65) $ (0.19) $ (1.07) $ (0.34)
Weighted-average common shares used to compute basic and diluted loss per share 12,395,197 12,022,143 12,353,007 11,984,284