CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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| Income Statement [Abstract] | ||||
| Revenue | $ 6,407,997 | $ 13,455,472 | $ 11,870,851 | $ 20,059,972 |
| Expenses | ||||
| Cost of revenues (cost of revenues is exclusive of patent amortization expenses) | 4,002,040 | 5,584,542 | 12,190,415 | 8,448,954 |
| Amortization of patents | 2,884,269 | 1,480,311 | 8,511,730 | 2,872,638 |
| Compensation and related taxes | 903,685 | 824,165 | 3,571,817 | 2,266,283 |
| Consulting fees | 643,702 | 785,601 | 1,869,326 | 1,550,155 |
| Professional fees | 882,213 | 408,280 | 2,230,748 | 933,751 |
| General and administrative | 177,494 | 166,216 | 681,951 | 380,400 |
| Impairment of patent | 766,498 | |||
| Impairment of goodwill | 2,144,488 | 2,144,488 | ||
| Total operating expenses | 9,493,403 | 11,393,603 | 29,822,485 | 18,596,669 |
| Operating income (loss) | (3,085,406) | 2,061,869 | (17,951,634) | 1,463,303 |
| Other income (expenses) | ||||
| Other income/(expense) | 6,646 | (21,063) | 14,085 | (21,833) |
| Foreign exchange gain/(loss) | (20,090) | 256 | (57,593) | 256 |
| Change in fair value adjustment of Clouding IP earn out | 597,047 | 2,901,348 | ||
| Interest income | 135 | 138 | 137 | 632 |
| Interest expense | (1,078,615) | (3,587,238) | (20) | |
| Loss on debt extinguishment | (654,000) | (654,000) | ||
| Total other expesnes | (1,148,877) | (20,669) | (1,383,261) | (20,965) |
| Income (Loss) before benefit for income taxes | (4,234,283) | 2,041,200 | (19,334,895) | 1,442,338 |
| Income tax benefit | 483,815 | 1,481,404 | 6,300,159 | 1,481,404 |
| Net income (loss) | (3,750,468) | 3,522,604 | (13,034,736) | 2,923,742 |
| Deemed dividends to related beneficial conversion feature of Series A preferred stock | (1,271,492) | |||
| Net income (loss) attributable to common shareholders | $ (3,750,468) | $ 3,522,604 | $ (13,034,736) | $ 1,652,250 |
| Earnings (Loss) Per Share, Basic | $ (0.26) | $ 0.31 | $ (0.92) | $ 0.15 |
| Earnings (Loss) Per Share, Diluted | $ (0.26) | $ 0.22 | $ (0.92) | $ 0.11 |
| Weighted-Average Number of Shares Outstanding - Basic | 14,376,118 | 11,500,500 | 14,094,891 | 11,197,374 |
| Weighted Average Number of Shares Outstanding - Diluted | 14,376,118 | 15,966,454 | 14,094,891 | 14,926,504 |
| Other comprehensive income (loss), net of tax: | ||||
| Foreign currency translation adjustments | $ 45,628 | $ (584,706) | ||
| X | ||||||||||
- References No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of effect of exchange rate changes on cash balances held in foreign currencies. Excludes cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Current period income tax expense or benefit pertaining to a gain (loss) on an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- References No definition available.
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- Definition Amount of payroll tax expense, compensation, postemployment and benefit-related expenses not elsewhere specified in the taxonomy (such as health plan, profit sharing, incentives, tuition reimbursement, other fringe benefits and perquisites) incurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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