Annual report pursuant to Section 13 and 15(d)

CONDENSED STATEMENTS OF OPERATIONS

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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Revenues $ 1,084,000 $ 1,046,000
Cost of revenues 513,000 684,000
Gross profit 571,000 362,000
OPERATING EXPENSES    
Selling, marketing and advertising 4,488,000 4,319,000
Technology platform and infrastructure 4,520,000 4,183,000
General and administrative 12,333,000 8,020,000
Total operating expenses 21,341,000 16,522,000
Net operating loss (20,770,000) (16,160,000)
OTHER INCOME (EXPENSE)    
Interest expense (9,938,000) (4,469,000)
Other 29,000 2,000
Total other income (expense) (9,909,000) (4,467,000)
Net loss $ (30,679,000) $ (20,627,000)
Net loss attributable to common stockholders - basic and diluted    
Basic and diluted loss per common share $ (3.89) $ (4.48)
Weighted-average number of shares outstanding, basic and diluted 7,894,326 4,606,961