Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Details 1)

v3.2.0.727
Acquisitions (Details 1) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Revenues $ 1,091,245 $ 1,109,891 $ 2,031,417 $ 2,013,106
Cost of revenues 270,038 258,340 533,952 519,234
Gross margin 821,207 851,551 1,497,465 1,493,872
Operating expenses        
General & administrative 1,046,839 854,438 2,208,226 1,984,389
Sales & marketing 797,329 954,561 1,890,228 1,895,646
Engineering, research, & development 201,562 383,865 315,706 681,798
Depreciation & amortization 82,740 115,881 138,486 183,964
Total operating expenses 2,128,470 2,308,745 4,552,646 4,745,797
Loss from operations (1,307,263) (1,457,194) (3,055,181) (3,251,925)
Other income/(expense)        
Interest income $ 492 171 $ 547 1,902
Interest expense   (854)   (1,680)
Change in fair value of derivative liabilities $ (25,140) 27,713 $ (6,815) 57,792
Total other income/(expense) (22,648) 27,030 (4,268) 58,014
Loss before income taxes $ (1,329,911) $ (1,430,164) $ (3,059,449) $ (3,193,911)
Income tax expense        
Net loss $ (1,329,911) $ (1,430,164) $ (3,059,449) $ (3,193,911)
Net loss per share - basic and diluted $ (0.05) $ (0.06) $ (0.12) $ (0.16)
Weighted average number of shares during the period - basic and diluted 26,385,601 22,237,762 24,713,302 19,877,470
Mobivity [Member]        
Revenues        
Revenues     $ 2,013,106  
Cost of revenues     519,234  
Gross margin     1,493,872  
Operating expenses        
General & administrative     1,984,389  
Sales & marketing     1,895,646  
Engineering, research, & development     681,798  
Depreciation & amortization     183,964  
Total operating expenses     4,745,797  
Loss from operations     (3,251,925)  
Other income/(expense)        
Interest income     1,902  
Interest expense     (1,680)  
Change in fair value of derivative liabilities     57,792  
Total other income/(expense)     58,014  
Loss before income taxes     $ (3,193,911)  
Income tax expense        
Net loss     $ (3,193,911)  
Net loss per share - basic and diluted     $ (.16)  
Weighted average number of shares during the period - basic and diluted     19,877,470  
Smart Receipt [Member]        
Revenues        
Revenues     $ 214,139  
Cost of revenues     54,410  
Gross margin     159,729  
Operating expenses        
General & administrative     231,084  
Sales & marketing     60,077  
Engineering, research, & development     139,649  
Depreciation & amortization     403  
Total operating expenses     431,213  
Loss from operations     $ (271,484)  
Other income/(expense)        
Interest income        
Interest expense        
Change in fair value of derivative liabilities        
Total other income/(expense)        
Loss before income taxes     $ (271,484)  
Income tax expense        
Net loss     $ (271,484)  
Pro forma adjustments [Member]        
Revenues        
Revenues        
Cost of revenues        
Gross margin        
Operating expenses        
General & administrative     $ 4,230  
Sales & marketing        
Engineering, research, & development        
Depreciation & amortization        
Total operating expenses     $ 4,230  
Loss from operations     $ (4,230)  
Other income/(expense)        
Interest income        
Interest expense        
Change in fair value of derivative liabilities        
Total other income/(expense)        
Loss before income taxes     $ (4,230)  
Income tax expense        
Net loss     $ (4,230)  
Pro forma combined [Member]        
Revenues        
Revenues     2,227,245  
Cost of revenues     573,644  
Gross margin     1,653,601  
Operating expenses        
General & administrative     2,219,703  
Sales & marketing     1,955,723  
Engineering, research, & development     821,447  
Depreciation & amortization     184,367  
Total operating expenses     5,181,240  
Loss from operations     (3,527,639)  
Other income/(expense)        
Interest income     1,902  
Interest expense     (1,680)  
Change in fair value of derivative liabilities     57,792  
Total other income/(expense)     58,014  
Loss before income taxes     $ (3,469,625)  
Income tax expense        
Net loss     $ (3,469,625)  
Net loss per share - basic and diluted     $ (.17)  
Weighted average number of shares during the period - basic and diluted     20,075,519