Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Royalty fees $ 1,368,831 $ 1,015,513
Franchise fees 514,800 348,000
Revenues and management fees from company clinics 1,658,553 387,453
Advertising fund revenue 265,721 285,516
IT related income and software fees 221,134 203,975
Regional developer fees 147,537 217,500
Other revenues 88,460 49,941
Total revenues 4,265,036 2,507,898
Cost of revenues:    
Franchise cost of revenues 694,735 507,566
IT cost of revenues 45,228 37,695
Total cost of revenues 739,963 545,261
Selling and marketing expenses 738,683 967,024
Depreciation and amortization 575,544 122,596
General and administrative expenses 5,696,507 2,788,240
Total selling, general and administrative expenses 7,010,734 3,877,860
Loss from operations (3,485,661) (1,915,223)
Other income, net 4,924 11,500
Loss before income tax expense (3,480,737) $ (1,903,723)
Income tax expense (44,397)
Net loss and comprehensive loss $ (3,525,134) $ (1,903,723)
Loss per share:    
Basic and diluted loss per share (in dollars per share) $ (0.28) $ (0.20)
Basic and diluted weighted average shares (in shares) 12,567,901 9,662,502