Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.1.9
Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues    
Revenues $ 4,000,202us-gaap_Revenues $ 4,093,667us-gaap_Revenues
Cost of revenues 1,066,917us-gaap_CostOfRevenue 1,122,037us-gaap_CostOfRevenue
Gross margin 2,933,285us-gaap_GrossProfit 2,971,630us-gaap_GrossProfit
Operating expenses    
General and administrative 4,270,844us-gaap_GeneralAndAdministrativeExpense 3,416,850us-gaap_GeneralAndAdministrativeExpense
Sales and marketing 3,895,033us-gaap_SellingAndMarketingExpense 3,469,383us-gaap_SellingAndMarketingExpense
Engineering, research, and development 1,346,198us-gaap_ResearchAndDevelopmentExpense 824,653us-gaap_ResearchAndDevelopmentExpense
Depreciation and amortization 416,435us-gaap_DepreciationAndAmortization 270,579us-gaap_DepreciationAndAmortization
Goodwill impairment 4,078,693us-gaap_GoodwillImpairmentLoss 1,066,068us-gaap_GoodwillImpairmentLoss
Intangible asset impairment 961,436us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill 644,170us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill
Total operating expenses 14,968,640us-gaap_OperatingExpenses 9,691,703us-gaap_OperatingExpenses
Loss from operations (12,035,355)us-gaap_OperatingIncomeLoss (6,720,073)us-gaap_OperatingIncomeLoss
Other income/(expense)    
Interest income 2,131us-gaap_InvestmentIncomeInterest 747us-gaap_InvestmentIncomeInterest
Interest expense    (6,348,186)us-gaap_InterestExpense
Change in fair value of derivative liabilities 63,517us-gaap_DerivativeGainLossOnDerivativeNet (3,766,231)us-gaap_DerivativeGainLossOnDerivativeNet
Gain on debt extinguishment 36,943us-gaap_GainsLossesOnExtinguishmentOfDebt 103,177us-gaap_GainsLossesOnExtinguishmentOfDebt
Gain (loss) on adjustment in contingent consideration 1,492,000MFON_GainOnAdjustmentInContingentConsideration (28,465)MFON_GainOnAdjustmentInContingentConsideration
Total other income/(expense) 1,594,591us-gaap_NonoperatingIncomeExpense (10,038,958)us-gaap_NonoperatingIncomeExpense
Loss before income taxes (10,440,764)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (16,759,031)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense      
Net loss $ (10,440,764)us-gaap_NetIncomeLoss $ (16,759,031)us-gaap_NetIncomeLoss
Net loss per share - basic and diluted $ (0.49)us-gaap_EarningsPerShareDiluted $ (1.58)us-gaap_EarningsPerShareDiluted
Weighted average number of shares during the period - basic and diluted 21,203,563us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,612,007us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding