| Aug'19 | Aug'18 | Aug'17 | Aug'16 | |||
|---|---|---|---|---|---|---|
Revenues (gross billings of $15.6m and $8.2m less worksite employee payroll cost of $13.5m and $7.0m, respectively for the three months ended; gross billings of $32.2m and $14.0m less worksite employee payroll cost of $27.9m and $12.0m, respectively for six months ended) | ||||||
53,436 | 34,959 | 20,244 | 8,460 | |||
Cost of revenue | ||||||
41,046 | 29,458 | 16,552 | 6,944 | |||
Gross profit | ||||||
12,390 | 5,500 | 3,692 | 1,516 | |||
Operating expenses: | ||||||
Salaries, wages and payroll taxes | ||||||
7,702 | 5,383 | 4,268 | - | |||
Share-based compensation - general and administrative | ||||||
632 | 363 | - | - | |||
Stock-based compensation - general and administrative | ||||||
- | - | 43 | - | |||
Commissions | ||||||
2,732 | 1,594 | 845 | - | |||
Professional fees | ||||||
3,918 | 2,078 | 1,369 | - | |||
Software development | ||||||
- | - | 2,683 | - | |||
Depreciation and amortization | ||||||
839 | 274 | 65 | - | |||
Registration rights penalties | ||||||
- | - | 0 | - | |||
Sales and marketing | ||||||
- | - | - | 1,019 | |||
Software development | ||||||
1,209 | 3,828 | - | 316 | |||
Marketing and advertising | ||||||
1,208 | 547 | - | - | |||
Customer support | ||||||
- | - | - | 556 | |||
General and administrative | ||||||
3,823 | 3,005 | 1,908 | 1,477 | |||
Total operating expenses | ||||||
22,063 | 17,072 | 11,184 | 3,370 | |||
Operating Loss | ||||||
-9,673 | -11,572 | -7,491 | - | |||
Other (expense) income: | ||||||
Interest expense | ||||||
-8,507 | -1,751 | - | - | |||
Loss on debt extinguishment | ||||||
-3,927 | - | - | - | |||
Change in fair value of derivative | ||||||
2,569 | - | - | - | |||
Gain (Loss) associated with note defaults, net | ||||||
811 | -3,500 | - | - | |||
Total Other income (expense) | ||||||
-9,054 | -5,251 | - | - | |||
Interest expense | ||||||
- | - | 0 | - | |||
Net income (loss) | ||||||
-18,727 | -16,823 | -7,491 | -1,854 | |||
Discontinued operations | ||||||
Net income (loss) per common share - Basic and diluted | ||||||
-0.57 | -0.58 | -0.28 | -0.07 | |||
Weighted average common shares outstanding - Basic and diluted | ||||||
32,708 | 28,810 | 26,778 | 25,630 | |||