Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 08, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'MeetMe, Inc. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 38,477,359 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001078099 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Cash and cash equivalents | $8,682,241 | $5,022,007 |
Accounts receivable, net of allowance of $457,000 and $547,000, at September 30, 2013 and December 31, 2012, respectively | 7,374,957 | 15,744,789 |
Notes receivable | ' | 111,569 |
Prepaid expenses and other current assets | 581,471 | 870,881 |
Total current assets | 16,638,669 | 21,749,246 |
Goodwill | 70,646,036 | 70,646,036 |
Intangible assets, net | 5,277,524 | 6,746,273 |
Property and equipment, net | 3,468,585 | 4,772,632 |
Other assets | 309,196 | 520,480 |
Total assets | 96,340,010 | 104,434,667 |
Liabilities and Stockholders' Equity | ' | ' |
Accounts payable | 2,432,890 | 3,528,607 |
Accrued expenses and other liabilities | 4,428,269 | 3,211,681 |
Current liabilities from discontinued operations | ' | 1,434 |
Deferred revenue | 884,374 | 392,612 |
Accrued dividends | 69,455 | 69,455 |
Current portion of long-term debt | 3,429,458 | 2,551,941 |
Total current liabilities | 11,244,446 | 9,755,730 |
Long term debt, net of discount | 3,983,067 | 9,156,788 |
Total liabilities | 15,227,513 | 18,912,518 |
Commitments and Contingencies (see Note 9) | ' | ' |
Common stock, $.001 par value; authorized - 100,000,000 shares; 38,477,359 and 37,046,405 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 38,481 | 37,050 |
Additional paid-in capital | 281,791,267 | 275,261,794 |
Accumulated deficit | -200,125,365 | -189,211,750 |
Accumulated other comprehensive loss | -592,886 | -565,945 |
Total stockholders’ equity | 81,112,497 | 85,522,149 |
Total liabilities and stockholders’ equity | 96,340,010 | 104,434,667 |
Series A-1 Preferred Stock [Member] | ' | ' |
Liabilities and Stockholders' Equity | ' | ' |
Preferred stock, $.001 par value, authorized 5,000,000 shares: Convertible preferred stock Series A-1, $.001 par value; authorized – 1,000,000 shares; 1,000,000 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively | $1,000 | $1,000 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Accounts receivable, allowance (in Dollars) | $457,000 | $547,000 |
Common stock par value (in Dollars per share) | $0.00 | $0.00 |
Common stock shares issued (in Shares) | 38,477,359 | 37,046,405 |
Common stock, shares outstanding (in Shares) | 38,477,359 | 37,046,405 |
Common stock shares authorized (in Shares) | 100,000,000 | 100,000,000 |
Series A-1 Preferred Stock [Member] | ' | ' |
Convertible preferred stock par value (in Dollars per share) | $0.00 | $0.00 |
Convertible preferred stock authorized (in Shares) | 5,000,000 | 5,000,000 |
Convertible preferred stock shares issued (in Shares) | 1,000,000 | 1,000,000 |
Convertible preferred stock shares outstanding (in Shares) | 1,000,000 | 1,000,000 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Revenues | $10,073,309 | $11,598,432 | $27,361,901 | $35,049,022 |
Operating Costs and Expenses: | ' | ' | ' | ' |
Sales and marketing | 1,876,240 | 2,656,955 | 5,405,910 | 6,099,594 |
Product development and content | 6,817,591 | 7,883,987 | 19,543,611 | 22,605,195 |
General and administrative | 1,536,939 | 2,001,950 | 5,759,498 | 6,325,796 |
Depreciation and amortization | 1,108,856 | 1,025,421 | 3,280,843 | 2,888,960 |
Restructuring costs | ' | 353,555 | 2,540,896 | 891,499 |
Total Operating Costs and Expenses | 11,339,626 | 13,921,868 | 37,705,027 | 38,811,044 |
Loss from Operations | -1,266,317 | -2,323,436 | -10,343,126 | -3,762,022 |
Other Income (Expense), net: | ' | ' | ' | ' |
Interest income | 2,503 | 3,866 | 7,856 | 13,758 |
Interest expense | -222,777 | -280,852 | -578,345 | -867,136 |
Other income net | ' | 8,581 | ' | 9,611 |
Total other expense | -220,274 | -268,405 | -570,489 | -843,767 |
Loss before income taxes | -1,486,591 | -2,591,841 | -10,913,615 | -4,605,789 |
Income taxes | 0 | 0 | 0 | 0 |
Net loss from continuing operations | -1,486,591 | -2,591,841 | -10,913,615 | -4,605,789 |
Loss from discontinued operations, net of taxes | ' | ' | ' | -3,680,627 |
Net Loss Allocable To Common Shareholders | -1,486,591 | -2,591,841 | -10,913,615 | -8,286,416 |
Basic and diluted net loss per common shareholders: | ' | ' | ' | ' |
Continuing operations (in Dollars per share) | ($0.04) | ($0.07) | ($0.29) | ($0.13) |
Discontinued operations (in Dollars per share) | ' | ' | ' | ($0.10) |
Basic and diluted net loss per common shareholders (in Dollars per share) | ($0.04) | ($0.07) | ($0.29) | ($0.23) |
Weighted Average Number of Shares Outstanding, Basic and Diluted: (in Shares) | 38,207,141 | 36,436,353 | 37,903,904 | 36,306,242 |
Net Loss | -1,486,591 | -2,591,841 | -10,913,615 | -8,286,416 |
Foreign currency translation, net | 1,473 | -9,493 | -26,941 | -101,918 |
Comprehensive Loss | -1,485,118 | -2,601,334 | -10,940,556 | -8,388,334 |
Cash and Noncash Portion [Member] | ' | ' | ' | ' |
Operating Costs and Expenses: | ' | ' | ' | ' |
Loss on debt restructure | ' | ' | $1,174,269 | ' |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (Current Period Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
Balance—December 31, 2012 at Dec. 31, 2012 | $1,000 | $37,050 | $275,261,794 | ($189,211,750) | ($565,945) | $85,522,149 |
Balance—December 31, 2012 (in Shares) at Dec. 31, 2012 | 1,000,000 | 37,046,405 | ' | ' | ' | ' |
Vesting of stock options for compensation | ' | ' | 2,761,566 | ' | ' | 2,761,566 |
Issuance of warrants with debt | ' | ' | 290,748 | ' | ' | 290,748 |
Issuance of stock in connection with convertible debt | ' | 306 | 599,694 | ' | ' | 600,000 |
Issuance of stock in connection with convertible debt (in Shares) | ' | 306,122 | ' | ' | ' | 1,002,147 |
Exercise of stock options | ' | 123 | 122,563 | ' | ' | 122,686 |
Exercise of stock options (in Shares) | ' | 122,685 | ' | ' | ' | ' |
Exercise of warrants | ' | 1,002 | 2,754,902 | ' | ' | 2,755,904 |
Exercise of warrants (in Shares) | ' | 1,002,147 | ' | ' | ' | ' |
Foreign currency translation, net | ' | ' | ' | ' | -26,941 | -26,941 |
Net loss | ' | ' | ' | -10,913,615 | ' | -10,913,615 |
Balance—September 30, 2013 at Sep. 30, 2013 | $1,000 | $38,481 | $281,791,267 | ($200,125,365) | ($592,886) | $81,112,497 |
Balance—September 30, 2013 (in Shares) at Sep. 30, 2013 | 1,000,000 | 38,477,359 | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash flows from operating activities: | ' | ' |
Net loss from continuing operations | ($10,913,615) | ($4,605,789) |
Adjustments to reconcile net loss to net cash provided (used) by operating activities: | ' | ' |
Depreciation and amortization | 3,280,843 | 2,888,960 |
Stock based compensation | 2,761,566 | 2,905,155 |
Loss on disposal of property and equipment | ' | 11,038 |
Grant income | ' | -9,556 |
Bad debt expense (recovery) | -90,000 | 251,300 |
Amortization of discounts on notes payable and debt issuance costs | 80,332 | 218,757 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | 2,426,771 | -4,873,176 |
Prepaid expenses, other current assets, and other assets | 650,190 | -135,339 |
Restricted cash | ' | 275,000 |
Accounts payable and accrued expenses | 958,364 | 3,382,625 |
Deferred revenue | 491,762 | 237,994 |
Net cash provided by continuing operating activities | 712,978 | 546,969 |
Net cash used by discontinued operations: | ' | -1,203,178 |
Net cash provided (used) by operating activities | 712,978 | -656,209 |
Cash flows from investing activities: | ' | ' |
Purchase of property and equipment | -128,515 | -492,041 |
Purchase of trademarks | ' | -125,000 |
Loan payments from BRC | 111,569 | 44,031 |
Net cash used by investing activities | -16,946 | -573,010 |
Cash flows from financing activities: | ' | ' |
Proceeds from exercise of stock options | 122,686 | 630,228 |
Proceeds from the issuance of debt | 5,000,000 | ' |
Payments of capital leases | -566,103 | -237,569 |
Payments of dividends | ' | -100,000 |
Payments on debt | -1,573,906 | -1,854,651 |
Net cash provided (used) by financing activities | 2,982,677 | -1,561,992 |
Change in cash and cash equivalents prior to effect of exchange rate changes | 3,678,709 | -2,791,211 |
Effect of exchange rate changes | -18,475 | -4,534 |
Net increase (decrease) in cash and cash equivalents | 3,660,234 | -2,795,745 |
Cash and cash equivalents at beginning of the period | 5,022,007 | 8,271,787 |
Cash and cash equivalents at end of period | 8,682,241 | 5,476,042 |
Supplemental Disclosure of Cash Flow Information: | ' | ' |
Cash paid for interest | 127,486 | 563,826 |
Cash paid for income taxes | 0 | 0 |
Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ' | ' |
Purchase of property and equipment through capital leases | 498,659 | 1,758,816 |
Subordinated note payable and accounts receivable offset | 6,025,898 | ' |
Warrant exercises and subordinated notes payable cancellations | 2,756,210 | ' |
Issuance of convertible note payable for settlement loss contingency for trademark dispute | 600,000 | ' |
Issuance of warrants and valuation discount on debt | 290,748 | ' |
Noncash Portion [Member] | ' | ' |
Adjustments to reconcile net loss to net cash provided (used) by operating activities: | ' | ' |
Loss on debt restructure, net | $1,066,765 | ' |
Note_1_Description_of_Business
Note 1 - Description of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Note 1—Description of Business and Basis of Presentation | |
Description of Business | |
MeetMe, Inc. (the “Company”, “MeetMe”, “we”, “us”, or “our”), was incorporated in Nevada in June 1997. On December 6, 2011, the Company changed its legal domicile to Delaware. Effective June 1, 2012, the Company changed its name from Quepasa Corporation. The Company is a social media technology company which owns and operates MeetMe.com, previously known as myYearbook.com and Quepasa.com that completed its transition to MeetMe.com in the fourth quarter of 2012. | |
MeetMe is a social network for meeting new people both on the web and using its mobile applications on iPhone, Android, iPad and other tablets that facilitate interactions among users and encourage users to connect with each other. MeetMe monetizes through advertising, virtual currency, and paid subscriptions. MeetMe provides users with access to an expansive, multilingual menu of resources that promote social interaction, information sharing and other topics of interest to users. The Company offers online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations. The Company works with its advertisers to maximize the effectiveness of their campaigns by optimizing advertisement formats and placement. | |
The Company acquired XtFt Games S/S Ltda (“XtFt”), on March 2, 2011. On July 14, 2011, XtFt’s name was changed to Quepasa Games S/S Ltda (“Quepasa Games”). The Company’s wholly owned Brazilian based subsidiary, Quepasa Games, managed games development and the creation of intellectual properties business. On June 30, 2012, the Company discontinued the games development business and creation of intellectual properties business of Quepasa Games. On July 14, 2012 the corporate shell of Quepasa Games S/S Ltda was renamed MeetMe Online Brasil S/S Ltda and is focused on advertising sales in the Sao Paolo, Brazil office. | |
On November 10, 2011, the Company, IG Acquisition Company (“Merger Sub”), a wholly-owned subsidiary of the Company, and Insider Guides, Inc. (“Insider Guides”), doing business as myYearbook.com (“myYearbook”), closed a merger pursuant to which myYearbook merged with and into Merger Sub (the “Merger”). Insider Guides operated a social networking website, www.myyearbook.com. As Merger consideration, the security holders of myYearbook securities received approximately $18 million in cash and approximately 17 million shares of the Company common stock (not including cash for fractional shares), Merger Sub changed its name to Insider Guides, following the Merger, and legally merged into MeetMe, Inc. effective as of January 1, 2012. | |
Basis of Presentation | |
The consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The Company prepares its unaudited consolidated financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”). These principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position of the Company as of September 30, 2013 and its statements of operations, comprehensive loss and cash flows for the three and nine months ended September 30, 2013. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes thereto contained in the Company’s 2012 Annual Report filed on Form 10-K with the SEC on March 14, 2013. | |
Principles of Consolidation | |
The unaudited consolidated financial statements include the accounts of MeetMe and its wholly-owned subsidiaries, Quepasa.com de Mexico, Quepasa Serviços em Solucoes de Publicidade E Tecnologia Ltda (inactive), MeetMe Online S/S Ltda (formerly Quepasa Games S/S Ltda from March 2, 2011), and Insider Guides (from November 10, 2011 until its merger into MeetMe, Inc. effective as of January 1, 2012). All intercompany accounts and transactions have been eliminated in consolidation. On June 30, 2012, the Company discontinued its game development and creation of intellectual properties business. Accordingly, games operations have been classified as discontinued operations for all periods presented. | |
Reclassifications | |
Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period’s presentation. Reclassification adjustments for discontinued operations were made to the consolidated balance sheets and statements of operations for the periods presented. | |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Most significant estimates in the accompanying unaudited consolidated financial statements include revenue recognition, the allowance on accounts receivable, valuation of notes receivable, valuation of deferred tax assets, valuation of stock-based employee and non-employee awards, valuation of warrants issued with debt, valuation of assets acquired and liabilities assumed in business combinations, evaluating goodwill, intangible and long-lived assets for impairment, useful lives of intangibles assets and property and equipment, and the measurement and accrual of restructuring costs and contingent liabilities. The Company bases its estimates on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. |
Note_2_Summary_of_Significant_
Note 2 -Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
Note 2 —Summary of Significant Accounting Policies | |
The Company’s significant accounting policies are described in Note 1 of the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. | |
Recently Issued Accounting Standards | |
During the quarter ended September 30, 2013, there were no new accounting pronouncements or updates to recently issued accounting pronouncements disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 that affect the Company’s present or future results of operations, overall financial condition, liquidity or disclosures. |
Note_3_Discontinued_Operations
Note 3 - Discontinued Operations - Quepasa Games | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||||||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' | ||||||||||||||||
Note 3 —Discontinued Operations – Quepasa Games | |||||||||||||||||
The games development business of our Brazilian subsidiary, Quepasa Games, were discontinued on June 30, 2012 in order to streamline efforts to improve efficiencies, reduce costs and focus on the Company’s core social network business. In connection with this closure, the Company transferred the hosting responsibilities of its games Wonderful City Rio and Amazon Alive to third parties, Quepasa Games office in Curitiba, Brazil was closed and all Quepasa Games employees were terminated. The games business closure qualifies as a discontinued operation and accordingly the Company has excluded results for Quepasa Games operations from its continuing operations in the Consolidated Statement of Operations for all periods presented. | |||||||||||||||||
The following table shows the results of Quepasa Games included in the loss from discontinued operations: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Games Revenues | $ | - | $ | - | $ | - | $ | 840,190 | |||||||||
Games Expenses | - | - | - | 1,032,366 | |||||||||||||
Product development and content | - | - | - | 552,563 | |||||||||||||
Depreciation and amortization | - | - | - | 16,102 | |||||||||||||
Exit costs | - | - | - | 431,418 | |||||||||||||
Loss on disposable of assets | - | - | - | 48,084 | |||||||||||||
Stock-based compensation | - | - | - | 151,508 | |||||||||||||
Loss on impairment of goodwill | - | - | - | 2,288,776 | |||||||||||||
Total | - | - | - | 4,520,817 | |||||||||||||
Loss from discontinued operations attributable to Quepasa Games | $ | - | $ | - | $ | - | $ | (3,680,627 | ) | ||||||||
Note_4_Notes_Receivable
Note 4 - Notes Receivable | 9 Months Ended |
Sep. 30, 2013 | |
Receivables [Abstract] | ' |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' |
Note 4—Notes Receivable | |
In February 2010, the Company entered into a settlement agreement (the “Settlement”) with BRC Group LLC (“BRC”) effective as of September 22, 2009. Under the Settlement, BRC’s indebtedness to the Company was reduced from $350,000 to $250,000, evidenced by a new promissory note (the “BRC Note”) dated September 22, 2009. The BRC Note contains a repayment term of 18 months commencing June 1, 2011, bearing interest at the rate of 4% per annum, such interest to begin accruing February 1, 2011. As collateral for the BRC Note, BRC issued us a warrant (the “Warrant”) permitting us to receive up to a 30% membership interest in BRC upon default. If BRC defaults under the BRC Note and the Warrant is exercised, BRC shall have 90 days to repurchase the membership interest for the balance of the remaining principal and interest to date. As a result of the Settlement and the BRC Note, both parties agreed to a mutual release of the current litigation between the parties by filing a dismissal of the litigation with prejudice. Furthermore, both parties agreed to terminate all prior agreements between each other entered into before September 22, 2009, along with all duties rights and obligations thereunder. During the third quarter of 2013 BRC’s obligation to the Company pursuant to the BRC Note receivable has been met. Therefore, BRC will not be required to make any future payments under the agreement. |
Note_5_Goodwill
Note 5 - Goodwill | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Goodwill Disclosure [Text Block] | ' | ||||||||
Note 5—Goodwill | |||||||||
The Company’s goodwill represents the fair value of the intangible assets, not subject to amortization, from the acquisitions of Quepasa Games and Insider Guides. At December 31, 2011, management assessed relevant events and circumstances in evaluating whether it was more likely than not that its fair values were less than respective carrying amounts of the acquired subsidiaries pursuant to ASC 350 Intangibles, Goodwill and Other. After evaluation of Quepasa Games’ performance for the period ended December 31, 2011 and projected 2012 performance, management determined that Quepasa Games could not achieve the performance necessary for the earn-out provision of the stock-purchase agreement and would require an impairment adjustment. A valuation of Quepasa Games was performed and a $2.5 million fair value was determined. A comparison of the Company’s approximately $3.8 million carrying value of the Quepasa Games and the $2.4 million implied value of goodwill resulted in a loss on impairment of approximately $1.4 million in 2011. Quepasa Games operations were discontinued on June 30, 2012 and accordingly a loss on impairment of goodwill of approximately $2.2 million was recorded as loss from discontinued operations for the year ended December 31, 2012. The translated value of goodwill for Quepasa Games varied at each interim reporting period due to changes in the foreign exchange rates. | |||||||||
Management’s assessment of the events and circumstance since the acquisition of Insider Guides shows positive operating performance, key metrics, customer retention, and no indicators that its fair value was less than its carrying amount at December 31, 2012. No impairment to goodwill occurred during the nine months ended September 30, 2013 and year ended December 31, 2012 for Insider Guides. | |||||||||
Goodwill consists of the following: | |||||||||
Continuing operations | Discontinued operations | ||||||||
Goodwill, opening balance January 1, 2011 | $ | - | $ | - | |||||
Additions: | |||||||||
Goodwill, Quepasa Games | - | 4,280,618 | |||||||
Goodwill, translation adjustments | - | (469,045 | ) | ||||||
Goodwill, Insider Guides | 70,646,036 | - | |||||||
Less impairment losses for Quepasa Games | - | (1,409,127 | ) | ||||||
Total Goodwill—net at December 31, 2011 | $ | 70,646,036 | $ | 2,402,446 | |||||
Additions: | |||||||||
Goodwill, translation adjustments | - | (113,670 | ) | ||||||
Less impairment losses for Quepasa Games | - | (2,288,776 | ) | ||||||
Total Goodwill—net at December 31, 2012 | $ | 70,646,036 | $ | - | |||||
Less impairment losses | - | - | |||||||
Total Goodwill—net at September 30, 2013 | $ | 70,646,036 | $ | - | |||||
Note_6_Intangible_Assets
Note 6 - Intangible Assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||
Note 6—Intangible Assets | |||||||||
Intangible assets consist of the following: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Trademarks and domains names | $ | 6,124,994 | $ | 6,124,994 | |||||
Advertising customer relationships | 1,165,000 | 1,165,000 | |||||||
Mobile applications | 1,725,000 | 1,725,000 | |||||||
9,014,994 | 9,014,994 | ||||||||
Less accumulated amortization | (3,737,470 | ) | (2,268,721 | ) | |||||
Intangible assets—net | $ | 5,277,524 | $ | 6,746,273 | |||||
Note_7_Property_and_Equipment
Note 7 - Property and Equipment | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
Note 7—Property and Equipment | |||||||||
Property and equipment consist of the following: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Servers and computer equipment and software | $ | 7,285,907 | $ | 6,805,099 | |||||
Office furniture and equipment | 152,064 | 143,037 | |||||||
Leasehold Improvements | 373,399 | 367,437 | |||||||
Property and equipment | 7,811,370 | 7,315,573 | |||||||
Less accumulated depreciation | (4,342,785 | ) | (2,542,941 | ) | |||||
Property and equipment—net | $ | 3,468,585 | $ | 4,772,632 | |||||
Note_8_Long_Term_Obligations
Note 8 - Long Term Obligations | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||||||
Note 8— Long Term Obligations | |||||||||||||||||
Senior Loans Payable | |||||||||||||||||
On November 10, 2011, in conjunction with the acquisition of Insider Guides, the Company assumed loans payable consisting of a growth capital term loan and three equipment term loans. The loans payable are collateralized by substantially all the assets of the Company. Under the Loan and Security Agreement Number 2 (“LSA2”) growth term and equipment term loans, dated December 13, 2010, principal and interest are payable monthly at a fixed interest rate of 12.50% per annum, and the loans are due September 2014. Under the Supplemental Loan and Security Agreement (“SLSA”), dated November 21, 2008, principal and interest are payable monthly at a fixed interest rate of 12.60% per annum, and the loan was repaid by April 2012. Under the Supplement Number 2 Loan and Security Agreement (“S2LSA”) dated January 22, 2010, principal and interest are payable monthly at a fixed interest rate of 12.50% per annum, and the loan is due June 2013. On February 13, 2012, the loans payable and security agreements were amended and restated to include additional debt covenants. The amendment includes limitations of additional $6 million of bank borrowing and indebtedness for leased office equipment. The amendment requires that the Company’s unrestricted cash and accounts receivable be greater than or equal to 200% of the borrowers indebtedness and the Company’s unrestricted cash be greater than or equal to the aggregate amount of interest that will accrue and be payable through the maturity date of loans payable and security agreement. At September 30, 2013, the Company was in compliance with the amended loans payable and security agreements debt covenants. | |||||||||||||||||
On April 29, 2013, the Company entered into an $8.0 million loan and security agreement with Value Lending & Leasing VI, Inc. and Value Lending and Leasing VII, Inc., at 11% fixed interest rate, maturing in 36 months, and which may be drawn in three tranches (the “Loan”). On April 29, 2013, the Company drew $5.0 million on the facility. Interest is payable monthly for the first six months of the loan term, and monthly principal and interest payments are due thereafter through the maturity date. The Company issued warrants to each of the lenders in conjunction with the loan facility with an initial aggregate exercise price of $400,000, which increased by $100,000 with the first tranche and increases by $150,000 with the second and third tranche draw down of the Loan. The Loan payable is net of the discount of valuation on the related warrants (See Note 14). The discount is amortized on the straight-line basis over the 36 month debt term. The lenders will have a priority first security lien on substantially all assets of the Company. At September 30, 2013, the Company was in compliance with the debt covenants related to the Loan. | |||||||||||||||||
September 30, | |||||||||||||||||
2013 | |||||||||||||||||
Growth capital loan payable, face amount | $ | 5,000,000 | |||||||||||||||
Discount: | |||||||||||||||||
Valuation of warrants | (290,748 | ) | |||||||||||||||
Accumulated amortization | 33,228 | ||||||||||||||||
Total discounts | (257,520 | ) | |||||||||||||||
Growth capital loan payable, net | $ | 4,742,480 | |||||||||||||||
Subordinated Notes Payable | |||||||||||||||||
On January 25, 2008, the Company entered into a Note Purchase Agreement (the “MATT Agreement”) with Mexicans & American Trading Together, Inc. (“MATT”). Pursuant to the terms of the MATT Agreement: (i) MATT invested $5,000,000 in the Company and the Company issued MATT a subordinated promissory note due October 16, 2016 with 4.46% interest per annum (the “MATT Note”); (ii) the exercise price of MATT’s outstanding Series 1 Warrant to purchase 1,000,000 shares of our common stock was reduced from $12.50 per share to $2.75 per share; (iii) the exercise price of MATT’s outstanding Series 2 Warrant to purchase 1,000,000 shares of our common stock was reduced from $15.00 per share to $2.75 per share (see Note 14); and (iv) the Amended and Restated Support Agreement between the Company and MATT was terminated, which terminated MATT’s obligation to provide us with the use of a corporate jet for up to 25 hours per year through October 2016. Debt issuance costs of $24,580 related to this transaction have been capitalized within the other assets section of the balance sheet were amortized to interest expense over the life of the note. The balance of deferred debt issuance costs was approximately $11,000 at December 31, 2012 and was included in other assets. | |||||||||||||||||
On March 5, 2013, the Company, Altos Hornos de Mexico, S.A.B. de C.V. (“AHMSA”) and MATT entered into an agreement to offset the MATT Note with approximately $6.0 million of accounts receivable that MATT and AHMSA owed to the Company (the “Receivable”). As of March 5, 2013, $6,254,178 in principal and accrued interest was outstanding under the MATT Note, and the Receivable had a balance of $6,025,828 plus interest of $222,446 from the agreement. MATT exercised warrants dated October 17, 2006 at an exercise price of $2.75 per share (the “MATT Warrants”) to purchase 2,147 shares of common stock using the amount by which the outstanding principal and accrued interest under the Note exceeded the amount of the Receivable. As a result of these transactions, both the MATT Note and the Receivable have been deemed fully satisfied. In connection therewith, MATT has agreed to exercise or forfeit the MATT Warrants with an aggregate exercise price of $2,000,000 over an eleven-month period beginning in March 2013. The Company recorded a net loss on debt restructure of approximately $712,000 in connection with the debt offset and warrant, attributable to the write-off of unamortized discounts and debt issue costs at the date of the agreement. | |||||||||||||||||
MATT Note payable consisted of the following: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Notes payable, face amount | $ | - | $ | 5,000,000 | |||||||||||||
Discounts on notes: | |||||||||||||||||
Revaluation of warrants | - | (1,341,692 | ) | ||||||||||||||
Termination of jet rights | - | (878,942 | ) | ||||||||||||||
Accumulated amortization | - | 1,255,596 | |||||||||||||||
Total discounts | - | (965,038 | ) | ||||||||||||||
Accrued interest | - | 1,204,980 | |||||||||||||||
MATT Note payable, net | $ | - | $ | 5,239,942 | |||||||||||||
On January 25, 2008, the Company entered into a Note Purchase Agreement (the “RSI Agreement”) with Richard L. Scott Investments, LLC (“RSI”). Pursuant to the terms of the RSI Agreement: (i) RSI invested $2,000,000 in the Company and the Company issued RSI a subordinated promissory note due March 21, 2016 with 4.46% interest per annum (the “RSI Note”); (ii) the exercise price of RSI’s outstanding Series 2 Warrant to purchase 500,000 shares of our common stock was reduced from $4.00 per share to $2.75 per share, (See Note 14); and (iii) the exercise price of RSI’s outstanding Series 3 Warrant to purchase 500,000 shares of our common stock was reduced from $7.00 per share to $2.75 per share. Debt issuance costs of $15,901 related to this transaction have been capitalized within the Other Assets section of the balance sheet and were amortized to interest expense over the life of the RSI Note. The balance of deferred debt issuance costs was approximately $6,300 at December 31, 2012 and was included in other assets. | |||||||||||||||||
On March 5, 2013, the Company and RSI entered into an agreement pursuant to which RSI exercised warrants dated as of March 21, 2006 to purchase one million shares of common stock at an exercise price of $2.75 per share (the “RSI Warrants”). RSI paid the exercise price of the RSI Warrants by offsetting that same amount under the RSI Note. The Company paid RSI $107,504 in cash, which represented the difference between the aggregate exercise price of the RSI Warrants of $2,750,000, and the total amount of principal and interest under the RSI Note that would have accrued through the 2016 due date of $2,857,504. As a result of these transactions, the RSI Warrants have been fully exercised and are of no further force or effect and the RSI Note has been deemed fully satisfied. The Company recorded a net loss on debt restructure of approximately $463,000 in connection with the warrant exercise and debt cancellation, attributable to the write-off of unamortized discounts and debt issue costs, and accelerated interest at the date of the agreement. | |||||||||||||||||
RSI note payable consisted of the following: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Notes payable, face amount | $ | - | $ | 2,000,000 | |||||||||||||
Discounts on notes: | |||||||||||||||||
Revaluation of warrants | - | (263,690 | ) | ||||||||||||||
Accumulated amortization | - | 159,560 | |||||||||||||||
Total discounts | - | (104,130 | ) | ||||||||||||||
Accrued interest | - | 481,993 | |||||||||||||||
RSI Notes payable, net | $ | - | $ | 2,377,863 | |||||||||||||
Convertible Note Payable | |||||||||||||||||
On March 21, 2013, the Company issued a non-interest bearing $600,000 note payable to a third party, maturing six months from the origination date, in settlement of a trademark dispute. The note payable is convertible solely at the option of the Company into shares of its common stock. The Company had the option to convert as a whole or in part up to the entire amount outstanding under the note payable into Company’s common stock at a conversion price equal to the volume weighted average trading price of the Company’s stock for the five trading days immediately prior to the date of conversion notice. During the third quarter of 2013, the Company executed its option to convert in whole the entire amount outstanding under the note payable into the Company’s common stock at $1.96 per share resulting in the issuance of 306,122 shares of common stock of the Company. Therefore the Company is no longer under any obligation pursuant to the convertible note agreement. | |||||||||||||||||
Capital Leases | |||||||||||||||||
During the first quarter 2012, the Company executed two non-cancelable master lease agreements one for $1.5 million with Dell Financial Services, and one for $500,000 with HP Financial Services. Both are for the purchase or lease of equipment for our data centers. The HP Financial Services master lease agreement increased to approximately $1.7 million in the second quarter 2013 with approximately $330,000 new leases offset by payments. The Company and HP Financial Services periodically evaluate the master lease borrowing limits and increase amount as necessary. Principal and interest are payable monthly at interest rates of ranging from 4.5% to 7.99% per annum, rates varying based on the type of equipment purchased. The capital leases are secured by the leased equipment, and outstanding principal and interest are due through September 2016. | |||||||||||||||||
The following is a schedule of debt: | |||||||||||||||||
Borrowings | Interest | September 30, | December 31, | ||||||||||||||
Rates | 2013 | 2012 | |||||||||||||||
Growth term loans: | |||||||||||||||||
LSA2 | $ | 97,500 | 12.50% | $ | - | $ | 125,679 | ||||||||||
Equipment term loans: | |||||||||||||||||
SLSA | 2,500,000 | 12.60% | - | - | |||||||||||||
S2LSA | 2,500,000 | 12.50% | 26,259 | 496,381 | |||||||||||||
LSA2 | 8,607 | 12.50% | 831,060 | 1,762,061 | |||||||||||||
Growth capital loan | 5,000,000 | 11.00% | 4,952,896 | - | |||||||||||||
Less: unamortized discount | - | -257,520 | - | ||||||||||||||
10,106,107 | 5,552,695 | 2,384,121 | |||||||||||||||
Capital leases | 6.46% | - | 7.99% | 1,662,436 | 1,397,970 | ||||||||||||
4.50% | - | 7.40% | 197,396 | 308,833 | |||||||||||||
1,859,832 | 1,706,803 | ||||||||||||||||
Loans payable - current portion | 2,517,856 | 1,903,368 | |||||||||||||||
Capital lease - current portion | 911,602 | 648,573 | |||||||||||||||
Long term debt - current portion | $ | 3,429,458 | $ | 2,551,941 | |||||||||||||
Loans payable - long term portion | $ | 3,034,837 | $ | 480,753 | |||||||||||||
MATT note payable | $5,000,000 | 4.46% | - | 5,000,000 | |||||||||||||
RSI note payable | 2,000,000 | 4.46% | - | 2,000,000 | |||||||||||||
3,034,837 | 7,480,753 | ||||||||||||||||
Add: accrued interest | - | 1,686,973 | |||||||||||||||
Less: unamortized discounts | - | (1,069,168 | ) | ||||||||||||||
Total notes payable - long term portion | 3,034,837 | 8,098,558 | |||||||||||||||
Capital lease - long term portion | 948,230 | 1,058,230 | |||||||||||||||
Long term debt, net of discounts | $ | 3,983,067 | $ | 9,156,788 | |||||||||||||
Note_9_Commitments_and_Conting
Note 9 - Commitments and Contingencies | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
Note 9—Commitments and Contingencies | |||||
Commitments | |||||
Operating Leases | |||||
The Company leases its operating facilities in the United States of America, and Sao Paulo, Brazil, under operating leases and accordingly rent is expensed as incurred. Rent expense from operations was $537,452 and $521,127 for the three-month periods ended September 30, 2013 and 2012, respectively. Rent expense from operations was $1,610,488 and $1,514,837, respectively, for the nine-month periods ended September 30, 2013 and 2012. | |||||
The Company’s future annual minimum lease payments for each of the following calendar years are as follows: | |||||
30-Sep-13 | Payments | ||||
Remainder of 2013 | $ | 510,250 | |||
2014 | 998,294 | ||||
2015 | 459,387 | ||||
2016 | 467,182 | ||||
2017 | 114,981 | ||||
Thereafter | - | ||||
Total minimum payments | $ | 2,550,094 | |||
Restructuring Costs | |||||
On November 16, 2011, management announced a restructure plan consolidating operations. Restructuring costs include the employee relocation expenses, severance costs of terminated employees, the costs of contractual termination benefits and future service required payments, and exit costs of office, data and service center closures. Employee relocation expenses and severance costs are expensed as incurred and classified as acquisition and restructuring costs. During the second quarter of 2013, the Company announced a cost reduction initiative, including a workforce reduction of 15%. In addition, the Company implemented the workforce reduction and initiated further cost reductions by closing certain satellite offices and consolidating real estate facilities. The Company recorded restructuring costs of $2.5 million within operating expense related to the exit costs of non-cancellable leases and workforce reduction costs excluding the impact of stock based compensation expense reversals associated with employee terminations resulting from the restructure. Accrued restructuring expenses were approximately $2.0 million and $224,000 at September 30, 2013 and December 31, 2012, respectively. The Company expects to pay approximately $1.8 million of the accrued restructuring expenses in severance and related employee exit costs to its former Chief Executive Officer and Chief Financial Officer during the remainder 2013. | |||||
Contingencies | |||||
Litigation | |||||
From time to time, we are party to certain legal proceedings that arise in the ordinary course and are incidental to our business. We operate our business online, which is subject to extensive regulation by federal and state governments. In July 2011, the Company received a subpoena from the New York Attorney General (“NYAG”) seeking records relating to our operations including specifically our e-mail marketing practices. Our attorneys advised us that federal law preempted the NYAG’s inquiry in the absence of any deceptive acts, and that they did not believe our e-mail marketing involved any deceptive practices. Nevertheless, we chose to cooperate fully with the NYAG and made certain changes to our email practices on Quepasa.com to address the concerns. On August 15, 2012, we entered into an Assurance of Discontinuance with NYAG, agreed to pay $20,000 to NYAG, and agreed to comply with the State of New York laws and industry practices regarding certain e-mail marketing campaigns. The Company charged this expense to general and administrative expenses for year ended December 31, 2012. The NYAG agreed to discontinue its investigation. | |||||
On November 18, 2011, Jeffrey Valdez, a former member of the Company’s Board of Directors who was also a paid consultant to the Company sued the Company in the Superior Court of California for breach of contract relating to the ownership and use of certain intellectual property that he allegedly created. The plaintiff also claimed that the Company and John Abbott, its Chief Executive Officer, never intended to honor the contract. The Company denied these allegations and maintained that the plaintiff did not create any original intellectual property and that the Company was not otherwise using any intellectual property created by the plaintiff. The Court granted the Company’s motion to dismiss Valdez’s claim that the Company fraudulently induced him to enter into the Consulting Agreement. The Court also dismissed the claim against Mr. Abbott. On June 25, 2012, the Company entered into a settlement agreement and made a $150,000 payment to the plaintiff for release of all claims and charged this expense to general and administrative expenses for the year ended December 31, 2012. Accordingly, the United States District Court in the Central District of California issued an Order to Dismiss with Prejudice on July 2, 2012. | |||||
On September 8, 2011, Stacey Caplan, a former employee of the Company, filed a complaint with the Equal Employment Opportunity Commission (“EEOC”) alleging sexual discrimination by the Company in the period following her voluntary resignation from the Company. The Company denied the allegations. On July 6, 2012, the EEOC found the complaint unfounded and closed its file. On January 28, 2013, Stacey Caplan sued the Company and its Chief Financial Officer, Michael Matte, in the Florida Circuit Court for Palm Beach County for alleged unlawful discrimination on the basis of sex and tortious interference with contractual relations. On April 17, 2013 the Court dismissed the plaintiff’s tortious interference claims against the Company, and April 19, 2013 the plaintiff withdrew its claims against Mr. Matte. The Company believes the plaintiff’s claims are without merit and intends to defend against them vigorously. | |||||
By letter dated October 23, 2012, a third party accused the Company of breach of contract and infringement of trademark. The Company recorded a contingent liability of $1 million for the probable settlement of this matter to accrued expense and other liabilities and charged this expense to general and administrative expenses for the year ended December 31, 2012. In settlement of the matter, on March 21, 2013 the Company paid $400,000 to the third party and issued a non- interest bearing $600,000 note payable that was convertible solely at the option of the Company into shares of its common stock (see Note 8). | |||||
Future events or circumstances, currently unknown to management, will determine whether the resolution of pending or threatened litigation or claims will ultimately have a material effect on our consolidated financial position, liquidity or results of operations in any future reporting periods. |
Note_10_Convertible_Preferred_
Note 10 - Convertible Preferred Stock | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Preferred Stock [Text Block] | ' |
Note 10—Convertible Preferred Stock | |
On June 30, 2008, the Company entered into a transaction with Mexicans & Americans Thinking Together Foundation, Inc. (the “Organization”) terminating the Corporate Sponsorship and Management Services Agreement (the “CSMSA”). In consideration for the Transaction, the Company issued the Organization 25,000 shares of Series A Preferred Stock, par value $0.001, (the “Original Series A”). Dividends on the Original Series A accrued from the date of issuance at the rate per annum of 4.46% on the Stated Value ($100 per share) and were cumulative. On May 12, 2011 the preferred stock was converted to 336,927 of common shares at the election of the Organization and dividend accrual terminated at the date of the conversion. On August 22, 2011, November 28, 2011, and January 18, 2012, $100,000, $50,000, and $100,000 respectively, partial dividend payments were made to the Organization. Accrued dividends were $69,455 at September 30, 2013 and December 31, 2012, respectively. | |
On September 20, 2011, the Company amended the rights and preferences of the Original Series A (“Series A”). The Company sold 1,000,000 shares of new Series A convertible preferred for $5,000,000 to Harvest Small Cap Partners Master, LTD and Harvest Small Cap Partners, LP (collectively “Harvest’). The new Series A shares were convertible at a conversion price per share based on the following: the lower of (i) $3.5785 or (ii), if the Merger of the Company and myYearbook closed, the lower of (A) 85% of the closing price of the Company’s common stock on the closing date of the Merger or (B) 85% of the volume weighted average price during the 20 trading days ending with the date of the closing of the Merger. On November 10, 2011, Harvest converted the Series A into 1,479,949 shares of the Company’s common stock, at a purchase price per share of approximately $3.38. | |
In connection with the closing of the Merger, the Company sold 1,000,000 shares of Series A-1 Preferred Stock (“Series A-1”) to MATT for $5,000,000. MATT was an existing stockholder of the Company. The Series A-1 shares are convertible, at MATT’s option, into 1,479,949 shares of the Company’s common stock, at a purchase price per share of approximately $3.38, and have voting rights on as converted basis. |
Note_11_Common_Stock
Note 11 - Common Stock | 9 Months Ended |
Sep. 30, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Note 11—Common Stock | |
The Company issued 122,685 shares of common stock in connection with the exercises of stock options during the nine months ended September 30, 2013 (see Note 13). During the nine months ended September 30, 2013, the Company issued 1,002,147 common shares in connection with the exercises of warrants (see Note 14) and 306,122 common shares to MEETMOI as a result of the conversion of the note payable to shares of the Company’s common stock (see Note 8). |
Note_12_Earnings_Loss_per_Comm
Note 12 - Earnings (Loss) per Common Share | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
Note 12—Earnings (Loss) per Common Share | |||||||||
The Company computes and presents net earnings (loss) per share using the treasury stock method. Net earnings (loss) per common share, or basic loss per share, is computed by dividing net earnings (loss) by the weighted average number of the Company’s common shares outstanding. Net earnings (loss) per common share assuming dilutions, or diluted earnings (loss) per share is computed by reflecting the potential dilution from the exercise of in-the-money stock options, unvested restricted stock, warrants and convertible preferred stock. | |||||||||
At September 30, 2013 and 2012 all potentially dilutive securities, in-the-money stock options unvested restricted stock, warrants and convertible preferred stock, were excluded from the computation of diluted earnings (loss) per share as their effect would have been anti-dilutive, since the Company reported a net loss for these periods. | |||||||||
The following table summarizes the number of dilutive securities, which may dilute future earnings per share, outstanding as of the dates presented, but not included in the calculation of diluted loss per share: | |||||||||
September 30, | September 30, | ||||||||
2013 | 2012 | ||||||||
Stock options | 8,997,696 | 9,651,657 | |||||||
Unvested Restricted Stock Awards | 1,365,500 | - | |||||||
Warrants | 3,052,953 | 4,200,000 | |||||||
Convertible preferred stock | 1,479,949 | 1,479,949 | |||||||
Totals | 14,896,098 | 15,331,606 | |||||||
Note_13_StockBased_Compensatio
Note 13 - Stock-Based Compensation | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
Note 13—Stock-Based Compensation | |||||||||||||||||
The fair values of share-based payments related to stock options are estimated on the date of grant using the Black-Scholes option pricing model, based on weighted average assumptions. Expected volatility is based on historical volatility of our common stock. The risk-free rate is based on the U.S. Treasury yield curve in effect over the expected term at the time of grant. Stock based compensation expense for stock options is recognized on a straight-line basis over the requisite service period of the award. During 2013 and 2012, the Company continued to use the simplified method to determine the expected option term since our stock option exercise experience does not provide a reasonable basis upon which to estimate the expected option term. | |||||||||||||||||
The Company began granting restricted stock awards (“RSAs”) to its employees in April 2013. The cost of the RSAs is determined using the fair value of the Company’s common stock on the date of grant. Stock-based compensation expense for RSAs is amortized on a straight-line basis over the requisite service period. RSAs generally vest over a three-year period with 33% vesting at the end of one year and the remaining vesting quarterly or annually thereafter. | |||||||||||||||||
The assumptions used in calculating the fair value of stock-based awards represent our best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and the Company uses different assumptions, our stock-based compensation expense could be materially different in the future. | |||||||||||||||||
Stock based compensation expense includes incremental stock-based compensation expense as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Sales and marketing | $ | 103,521 | $ | 95,399 | $ | 266,663 | $ | 256,662 | |||||||||
Product development and content | 583,523 | 475,616 | 1,175,680 | 1,426,332 | |||||||||||||
General and administrative | 163,598 | 455,555 | 1,319,223 | 1,222,161 | |||||||||||||
Total stock-based compensation for continuing operations | 850,642 | 1,026,570 | 2,761,566 | 2,905,155 | |||||||||||||
Total stock-based compensation for discontinued operations | - | - | - | 151,506 | |||||||||||||
Total stock-based compensation for vesting of options and awards | $ | 850,642 | $ | 1,026,570 | $ | 2,761,566 | $ | 3,056,661 | |||||||||
As of September 30, 2013, there was approximately $3.7 million of total unrecognized compensation expense related to stock options which will be recognized over a period of less than two years. As of September 30, 2013, the Company had approximately $2.1 million of unrecognized stock-based compensation expense related to RSAs, which will be recognized over the remaining weighted-average vesting period of approximately 3 years. | |||||||||||||||||
Stock-Based Plans | |||||||||||||||||
2012 Omnibus Incentive Plan | |||||||||||||||||
Stock Options | |||||||||||||||||
On June 1, 2012, the stockholders approved the 2012 Omnibus Incentive Plan (the “2012 Plan”), providing for the issuance of up to 5,700,000 shares of common stock, including approximately 2,100,000 shares previously approved by the Company’s stockholders under our Amended and Restated 2006 Stock Incentive Plan (the “2006 Stock Plan”), less one share of common stock for every one share of common stock that was subject to an option or other award granted after December 31, 2011 under the 2006 Stock Plan, plus an additional number of shares of common stock equal to the number of shares previously granted under the 2006 Stock Plan that either terminate, expire, or are forfeited after December 31, 2011. As of September 30, 2013, there were approximately 6.1 million shares of common stock available for grant. A summary of stock option activity under the 2012 Plan during the nine months ended September 30, 2013 is as follows: | |||||||||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||
Stock | Average | Average | Intrinsic | ||||||||||||||
Options | Exercise Price | Remaining | Value | ||||||||||||||
Contractual | |||||||||||||||||
Life | |||||||||||||||||
Outstanding at December 31, 2012 | 187,375 | $ | 2.86 | ||||||||||||||
Granted | 914,000 | $ | 1.89 | ||||||||||||||
Exercised | - | $ | - | ||||||||||||||
Forfeited or expired | (43,500 | ) | $ | 3.21 | |||||||||||||
Outstanding at September 30, 2013 | 1,057,875 | $ | 2.01 | 9.6 | $ | 93,785 | |||||||||||
Exercisable at September 30, 2013 | 106,375 | $ | 2.86 | 8.7 | $ | - | |||||||||||
The fair value of each stock option is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Weighted-average volatility | 86 | % | 83 | % | 86 | % | 84 | % | |||||||||
Weighted-average risk-free interest rate | 1.55 | % | 0.68 | % | 1.21 | % | 0.64 | % | |||||||||
Weighted-average expected life in years | 5.8 | 5.8 | 5.8 | 5.6 | |||||||||||||
Dividend yield | - | % | - | % | - | % | - | % | |||||||||
Restricted Stock Awards | |||||||||||||||||
The Company granted 150,000 and zero RSAs during the three months ended September 30, 2013 and 2012, respectively. The Company granted 1,458,000 and zero RSAs during the nine months ended September 30, 2013 and 2012, respectively. The Company recorded stock-based compensation expense related to RSAs of approximately $198,000 and zero for the three months ended September 30, 2013 and 2012, respectively. A summary of RSA activity under the 2012 Plan during the nine months ended September 30, 2013 is as follows: | |||||||||||||||||
RSA's | Number of | Weighted- | |||||||||||||||
Stock | Average | ||||||||||||||||
Options | Stock Price | ||||||||||||||||
Outstanding at December 31, 2012 | - | $ | - | ||||||||||||||
Granted | 1,458,000 | $ | 1.79 | ||||||||||||||
Exercised | - | $ | - | ||||||||||||||
Forfeited or expired | (92,500 | ) | $ | - | |||||||||||||
Outstanding at September 30, 2013 | 1,365,500 | $ | 1.79 | ||||||||||||||
Unvested at September 30, 2013 | 1,365,500 | $ | 1.79 | ||||||||||||||
2006 Stock Incentive Plan | |||||||||||||||||
On June 27, 2007, the stockholders approved the 2006 Stock Plan, providing for the issuance of up to 3,700,000 shares of common stock plus an additional number of shares of common stock equal to the number of shares previously granted under the 1998 Stock Option Plan that either terminate, expire, or lapse after the date of the Board of Directors’ approval of the 2006 Plan. | |||||||||||||||||
In 2008, our Board of Directors and stockholders approved an amendment to the 2006 Plan to authorize the issuance of an additional 2,000,000 shares of common stock. In November 2009, our Board of Directors approved an amendment to the 2006 Plan to authorize the issuance of an additional 2,000,000 shares of common stock. On June 4, 2010, our stockholders ratified this amendment to the 2006 Plan. In June 2011 and November 2011, our Board of Directors and stockholders approved amendments to the 2006 Plan to authorize the issuances of 4,000,000 additional shares of common stock. Pursuant to the terms of the 2006 Plan, eligible individuals could be granted incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, or stock grant awards. | |||||||||||||||||
A summary of stock option activity under the 2006 Stock Plans during the nine months ended September 30, 2013 is as follows: | |||||||||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||
Stock | Average | Average | Intrinsic | ||||||||||||||
Options | Exercise Price | Remaining | Value | ||||||||||||||
Contractual | |||||||||||||||||
Life | |||||||||||||||||
Outstanding at December 31, 2012 (1) | 8,452,340 | $ | 2.56 | ||||||||||||||
Granted | - | $ | - | ||||||||||||||
Exercised (2) | (122,685 | ) | $ | 1 | |||||||||||||
Forfeited or expired | (849,872 | ) | $ | 4.56 | |||||||||||||
Outstanding at September 30, 2013 (3) | 7,479,783 | $ | 2.38 | 5.9 | $ | 3,362,457 | |||||||||||
Exercisable at September 30, 2013 (4) | 5,968,883 | $ | 1.95 | 5.3 | $ | 3,362,457 | |||||||||||
-1 | Includes 135,531 outstanding options to purchase common stock at a weighted average exercise price of $3.62 per share being held by consultants. | ||||||||||||||||
-2 | Includes 20,000 outstanding options to purchase common stock at a weighted average exercise price of $1.00 per share being held by consultants. | ||||||||||||||||
-3 | Includes 115,531 options granted to purchase common stock at a weighted average exercise price of $4.08 per share being held by consultants. | ||||||||||||||||
-4 | Includes 71,352 exercisable options to purchase common stock at a weighted average exercise price of $3.64 per share being held by consultants. | ||||||||||||||||
The total intrinsic value of options exercised during the nine months ended September 30, 2013 and 2012 were approximately $116,000 and $412,000, respectively. | |||||||||||||||||
Non-Plan Options | |||||||||||||||||
The Board of Directors has approved and our stockholders have ratified the issuance of stock options outside of our stock incentive plans. A summary of Non-Plan option activity during the nine months ended September 30, 2013 is as follows: | |||||||||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||
Stock | Average | Average | Intrinsic | ||||||||||||||
Options | Exercise Price | Remaining | Value | ||||||||||||||
Contractual | |||||||||||||||||
Life | |||||||||||||||||
Outstanding at December 31, 2012 | 443,038 | $ | 1.34 | ||||||||||||||
Granted | - | $ | - | ||||||||||||||
Exercised | - | $ | - | ||||||||||||||
Forfeited or expired | - | $ | - | ||||||||||||||
Outstanding at September 30, 2013 | 443,038 | $ | 1.34 | 6.4 | $ | 208,228 | |||||||||||
Exercisable at September 30, 2013 | 443,038 | $ | 1.34 | 6.4 | $ | 208,228 | |||||||||||
Note_14_Warrants
Note 14 - Warrants | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Warrants [Abstract] | ' | ||||||||
Warrants [Text Block] | ' | ||||||||
Note 14—Warrants | |||||||||
In March 2006, the Company issued warrants to purchase 200,000 shares of common stock at an exercise price of $3.55 per share as compensation to our then Chief Executive Officer. These warrants were still outstanding on September 30, 2013 and expire in March 2016. During March 2006, the Company issued three series (Series 1, 2 and 3) of warrants to purchase 1,000,000 shares of common stock each at exercise prices of $2.87, $4.00, and $7.00 as compensation for certain strategic initiatives, including acquiring the services of our then Chief Executive Officer. The Series 1 warrant was exercised in 2006. Of the remaining warrants 50% (1,000,000) were owned by RSI. Pursuant to the terms of the RSI Agreement the exercise price of RSI’s outstanding warrants was reduced to $2.75 per share. The warrant re-pricing resulted in a discount on the RSI Note of $263,690, to be amortized over the life of the RSI Note, (see Note 8). The Series 2 and Series 3 warrants were outstanding at December 31, 2012 and expire in March 2016. The fair value of the warrant re-pricing was determined by comparing the fair value of the modified warrant with the fair value of the unmodified warrant on the modification date and recording any excess as a discount on the note. On March 5, 2013, the Company and RSI entered into an agreement pursuant to which RSI exercised its warrants. At September 30, 2013, the RSI Warrants have been fully exercised and are of no further force or effect. | |||||||||
The fair value of the modified warrants was calculated using the Black-Scholes option-pricing model with the following assumptions: | |||||||||
Risk-free interest rate: | 3.24 | % | |||||||
Expected term: (years) | 6 | ||||||||
Expected dividend yield: | — | ||||||||
Expected volatility: | 105.7 | % | |||||||
In October 2006, the Company issued two series of warrants to purchase 1,000,000 shares of common stock each at exercise prices of $12.50 and $15.00 per share to MATT in connection with the issuance of common stock. On January 25, 2008, the Company entered into a Note Purchase Agreement (the “MATT Agreement”) with MATT. Pursuant to the terms of the MATT Agreement the exercise price of MATT’s outstanding warrants was reduced to $2.75 per share. The warrant re-pricing resulted in a discount on the MATT Note of $1,341,692, to be amortized over the life of the MATT Note. These warrants expire in October 2016 and were outstanding as of December 31, 2012. The fair value of the warrant re-pricing was determined by comparing the fair value of the modified warrant with the fair value of the unmodified warrant on the modification date and recording any excess as a discount on the note. No such discount was recorded as the repriced warrants value decreased. On March 5, 2013, MATT exercised warrants to purchase 2,147 shares of common stock using the amount by which the outstanding principal and accrued interest under the MATT Note exceeded the amount of the Receivable (see Note 8). MATT agreed to exercise or forfeit the MATT warrants with an aggregate exercise price of $2,000,000 over an eleven-month period beginning in March 2013. For the nine months ended September 30, 3013 400,002 warrants were forfeited. At September 30, 2013, MATT Warrants totaling 1,597,851 were outstanding. | |||||||||
On April 29, 2013 the Company issued warrants to the lender in conjunction with a loan and security agreement with an initial aggregate exercise value of $400,000, which increases by $100,000 with the first tranche and by $150,000 with the second and third tranche draw down of the loan (see Note 8). The warrant exercise price will be the lesser of $1.96, and the price per share of the Company common stock issued in the next equity placement of the Company’s stock to occur after April 29, 2013, excluding any conversion of the March 21, 2013 Convertible Note Payable (see Note 8). The warrants expire on February 28, 2024 and include a cashless exercise provision. The aggregate exercise value of warrant is fixed at $500,000 with the initial drawn down of the Company’s loan, the exercise price of $1.96 is considered variable, and the number of warrants is a factor of the exercise value divided by the exercise price per warrant. The Company recorded the warrant as paid in capital after evaluation of the equity classification. | |||||||||
The fair value of the warrants was calculated using the Black-Scholes option-pricing model with the following assumptions: | |||||||||
Risk-free interest rate: | 1.96 | % | |||||||
Expected term: (years) | 10 | ||||||||
Expected dividend yield: | — | ||||||||
Expected volatility: | 90.4 | % | |||||||
A summary of warrant activity for the nine months ended September 30, 2013 is as follows: | |||||||||
Warrants | Number of | Weighted- | |||||||
Warrants | Average | ||||||||
Exercise Price | |||||||||
Outstanding at December 31, 2012 | 4,200,000 | $ | 2.98 | ||||||
Granted | 255,102 | $ | 1.96 | ||||||
Exercised | (1,002,147 | ) | $ | 2.75 | |||||
Forfeited or expired | (400,002 | ) | $ | 2.75 | |||||
Outstanding at September 30, 2013 | 3,052,953 | $ | 3 | ||||||
Exercisable at September 30, 2013 | 3,052,953 | $ | 3 | ||||||
Note_15_Transactions_with_Affi
Note 15 - Transactions with Affiliates | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Note 15—Transactions with Affiliates | |
Alonso Ancira serves on our Board of Directors as a non-employee director. Mr. Ancira also serves on the Board of Directors of the Organization, is the Chairman of the Board of Directors of MATT, a principal stockholder of the Company and is the Chairman of the Board of Directors of AHMSA, which owns MATT. The Company has participated in several significant transactions with MATT, the Organization and AHMSA. See Note 8 – Long term Obligations, Note 10 – Convertible Preferred Stock, and Note 14 – Warrants. These relationships do not qualify as related parties for accounting purposes under GAAP. | |
The Company earned $6.0 million of Social Theater revenue for the nine months ended September 30, 2012 from MATT. The Company did not have Social Theater revenue for the nine months ended September 30, 2013 from MATT or its parent company, AHMSA. At December 31, 2012, approximately $6.0 million of our combined accounts receivable were from AHMSA and MATT. |
Note_16_Significant_Customers_
Note 16 - Significant Customers and Concentration of Credit Risk | 9 Months Ended |
Sep. 30, 2013 | |
Risks and Uncertainties [Abstract] | ' |
Concentration Risk Disclosure [Text Block] | ' |
Note 16- Significant Customers and Concentration of Credit Risk | |
During the nine months ended September 30, 2013 and 2012, one non-affiliate customer, an advertising aggregator, comprised approximately 30% and 24% of total revenues, respectively. For the nine months ended September 30, 2013 and 2012 an affiliate customer, a principal shareholder of the Company, MATT and its parent company, comprised zero and approximately 17%, respectively, of total revenues. The non-affiliate and affiliate customers comprised approximately 13% and 47% of total accounts receivable as of September 30, 2013 and September 30, 2012, respectively. |
Note_17_Subsequent_Events
Note 17 - Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 17—Subsequent Events | |
On October 31, 2013, the Company entered into an Advertising Agreement with Pinsight Media+, Inc. (“Pinsight”) (the “Agreement”). The Agreement is effective from October 31, 2013 through December 31, 2014, unless earlier terminated. | |
Pursuant to the Agreement, Pinsight has the right and obligation to fill all of the Company’s advertising inventory on its MeetMe mobile app for iOS and Android (the “App”). The Agreement does not apply to other mobile apps or virtual currency features on the App, including without limitation, offer wall features and the Company’s Social Theater business. The Agreement contemplates the Company’s existing ad logic on the App. If the Company wishes to increase the number, type, frequency or scope of impressions on the App (“Additional Inventory”), it must first notify Pinsight and upon Pinsight’s written consent, said Additional Inventory will become subject to the Agreement. | |
Pinsight will pay for all ad requests that the Company delivers, whether or not Pinsight fills them. Pinsight will pay specified CPM rates depending on the type of ad; provided, however, that if more than a stated percentage of all page views on the App originate outside of the United States, then Pinsight will remit to the Company a percentage of gross revenue relating to international ad impressions in excess of such amount. The stated CPM rates for certain ads are subject to renegotiation under certain conditions; in such case, if the parties do not agree on a modified rate, then such ads will be excluded from the Agreement. | |
Prior to April 1, 2014, Pinsight will pay the Company’s invoices within ninety days; after such date, Pinsight will pay Company’s invoices within sixty days. Pinsight assumes all risk in regards to collection of all applicable advertiser fees with respect to all advertising inventory and may not delay payment to the Company as a result of non-collection or delay of payment by the advertisers. Pinsight will comply with the Company’s advertising editorial guidelines as in effect from time to time. | |
The Company may terminate the Agreement upon written notice if (i) Pinsight fails to pay any undisputed amount in a timely fashion, or (ii) in the Company’s sole discretion, Pinsight’s software development kit and those of its performance partners and the placement and running of ads on the App causes a diminution in the App user experience. Either party may terminate the Agreement (a) if the other party undergoes a change of control, (b) upon certain breaches by the other party, subject to cure periods, or (c) the other party files a petition for bankruptcy, becomes insolvent, makes an assignment for the benefit of its creditors, or a receiver is appointed for such party or its business. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Accounting, Policy [Policy Text Block] | ' |
Basis of Presentation | |
The consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). The Company prepares its unaudited consolidated financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”). These principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position of the Company as of September 30, 2013 and its statements of operations, comprehensive loss and cash flows for the three and nine months ended September 30, 2013. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes thereto contained in the Company’s 2012 Annual Report filed on Form 10-K with the SEC on March 14, 2013. | |
Consolidation, Policy [Policy Text Block] | ' |
Principles of Consolidation | |
The unaudited consolidated financial statements include the accounts of MeetMe and its wholly-owned subsidiaries, Quepasa.com de Mexico, Quepasa Serviços em Solucoes de Publicidade E Tecnologia Ltda (inactive), MeetMe Online S/S Ltda (formerly Quepasa Games S/S Ltda from March 2, 2011), and Insider Guides (from November 10, 2011 until its merger into MeetMe, Inc. effective as of January 1, 2012). All intercompany accounts and transactions have been eliminated in consolidation. On June 30, 2012, the Company discontinued its game development and creation of intellectual properties business. Accordingly, games operations have been classified as discontinued operations for all periods presented. | |
Reclassification, Policy [Policy Text Block] | ' |
Reclassifications | |
Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period’s presentation. Reclassification adjustments for discontinued operations were made to the consolidated balance sheets and statements of operations for the periods presented. | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Most significant estimates in the accompanying unaudited consolidated financial statements include revenue recognition, the allowance on accounts receivable, valuation of notes receivable, valuation of deferred tax assets, valuation of stock-based employee and non-employee awards, valuation of warrants issued with debt, valuation of assets acquired and liabilities assumed in business combinations, evaluating goodwill, intangible and long-lived assets for impairment, useful lives of intangibles assets and property and equipment, and the measurement and accrual of restructuring costs and contingent liabilities. The Company bases its estimates on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recently Issued Accounting Standards | |
During the quarter ended September 30, 2013, there were no new accounting pronouncements or updates to recently issued accounting pronouncements disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 that affect the Company’s present or future results of operations, overall financial condition, liquidity or disclosures. |
Note_3_Discontinued_Operations1
Note 3 - Discontinued Operations - Quepasa Games (Tables) (Income Statement Disclosure [Member]) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Income Statement Disclosure [Member] | ' | ||||||||||||||||
Note 3 - Discontinued Operations - Quepasa Games (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Games Revenues | $ | - | $ | - | $ | - | $ | 840,190 | |||||||||
Games Expenses | - | - | - | 1,032,366 | |||||||||||||
Product development and content | - | - | - | 552,563 | |||||||||||||
Depreciation and amortization | - | - | - | 16,102 | |||||||||||||
Exit costs | - | - | - | 431,418 | |||||||||||||
Loss on disposable of assets | - | - | - | 48,084 | |||||||||||||
Stock-based compensation | - | - | - | 151,508 | |||||||||||||
Loss on impairment of goodwill | - | - | - | 2,288,776 | |||||||||||||
Total | - | - | - | 4,520,817 | |||||||||||||
Loss from discontinued operations attributable to Quepasa Games | $ | - | $ | - | $ | - | $ | (3,680,627 | ) |
Note_5_Goodwill_Tables
Note 5 - Goodwill (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||
Continuing operations | Discontinued operations | ||||||||
Goodwill, opening balance January 1, 2011 | $ | - | $ | - | |||||
Additions: | |||||||||
Goodwill, Quepasa Games | - | 4,280,618 | |||||||
Goodwill, translation adjustments | - | (469,045 | ) | ||||||
Goodwill, Insider Guides | 70,646,036 | - | |||||||
Less impairment losses for Quepasa Games | - | (1,409,127 | ) | ||||||
Total Goodwill—net at December 31, 2011 | $ | 70,646,036 | $ | 2,402,446 | |||||
Additions: | |||||||||
Goodwill, translation adjustments | - | (113,670 | ) | ||||||
Less impairment losses for Quepasa Games | - | (2,288,776 | ) | ||||||
Total Goodwill—net at December 31, 2012 | $ | 70,646,036 | $ | - | |||||
Less impairment losses | - | - | |||||||
Total Goodwill—net at September 30, 2013 | $ | 70,646,036 | $ | - |
Note_6_Intangible_Assets_Table
Note 6 - Intangible Assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Trademarks and domains names | $ | 6,124,994 | $ | 6,124,994 | |||||
Advertising customer relationships | 1,165,000 | 1,165,000 | |||||||
Mobile applications | 1,725,000 | 1,725,000 | |||||||
9,014,994 | 9,014,994 | ||||||||
Less accumulated amortization | (3,737,470 | ) | (2,268,721 | ) | |||||
Intangible assets—net | $ | 5,277,524 | $ | 6,746,273 |
Note_7_Property_and_Equipment_
Note 7 - Property and Equipment (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Servers and computer equipment and software | $ | 7,285,907 | $ | 6,805,099 | |||||
Office furniture and equipment | 152,064 | 143,037 | |||||||
Leasehold Improvements | 373,399 | 367,437 | |||||||
Property and equipment | 7,811,370 | 7,315,573 | |||||||
Less accumulated depreciation | (4,342,785 | ) | (2,542,941 | ) | |||||
Property and equipment—net | $ | 3,468,585 | $ | 4,772,632 |
Note_8_Long_Term_Obligations_T
Note 8 - Long Term Obligations (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Note 8 - Long Term Obligations (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||||||||||
Borrowings | Interest | September 30, | December 31, | ||||||||||||||
Rates | 2013 | 2012 | |||||||||||||||
Growth term loans: | |||||||||||||||||
LSA2 | $ | 97,500 | 12.50% | $ | - | $ | 125,679 | ||||||||||
Equipment term loans: | |||||||||||||||||
SLSA | 2,500,000 | 12.60% | - | - | |||||||||||||
S2LSA | 2,500,000 | 12.50% | 26,259 | 496,381 | |||||||||||||
LSA2 | 8,607 | 12.50% | 831,060 | 1,762,061 | |||||||||||||
Growth capital loan | 5,000,000 | 11.00% | 4,952,896 | - | |||||||||||||
Less: unamortized discount | - | -257,520 | - | ||||||||||||||
10,106,107 | 5,552,695 | 2,384,121 | |||||||||||||||
Capital leases | 6.46% | - | 7.99% | 1,662,436 | 1,397,970 | ||||||||||||
4.50% | - | 7.40% | 197,396 | 308,833 | |||||||||||||
1,859,832 | 1,706,803 | ||||||||||||||||
Loans payable - current portion | 2,517,856 | 1,903,368 | |||||||||||||||
Capital lease - current portion | 911,602 | 648,573 | |||||||||||||||
Long term debt - current portion | $ | 3,429,458 | $ | 2,551,941 | |||||||||||||
Loans payable - long term portion | $ | 3,034,837 | $ | 480,753 | |||||||||||||
MATT note payable | $5,000,000 | 4.46% | - | 5,000,000 | |||||||||||||
RSI note payable | 2,000,000 | 4.46% | - | 2,000,000 | |||||||||||||
3,034,837 | 7,480,753 | ||||||||||||||||
Add: accrued interest | - | 1,686,973 | |||||||||||||||
Less: unamortized discounts | - | (1,069,168 | ) | ||||||||||||||
Total notes payable - long term portion | 3,034,837 | 8,098,558 | |||||||||||||||
Capital lease - long term portion | 948,230 | 1,058,230 | |||||||||||||||
Long term debt, net of discounts | $ | 3,983,067 | $ | 9,156,788 | |||||||||||||
Growth Capital Loan [Member] | ' | ||||||||||||||||
Note 8 - Long Term Obligations (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||||
September 30, | |||||||||||||||||
2013 | |||||||||||||||||
Growth capital loan payable, face amount | $ | 5,000,000 | |||||||||||||||
Discount: | |||||||||||||||||
Valuation of warrants | (290,748 | ) | |||||||||||||||
Accumulated amortization | 33,228 | ||||||||||||||||
Total discounts | (257,520 | ) | |||||||||||||||
Growth capital loan payable, net | $ | 4,742,480 | |||||||||||||||
MATT Inc [Member] | ' | ||||||||||||||||
Note 8 - Long Term Obligations (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Notes payable, face amount | $ | - | $ | 5,000,000 | |||||||||||||
Discounts on notes: | |||||||||||||||||
Revaluation of warrants | - | (1,341,692 | ) | ||||||||||||||
Termination of jet rights | - | (878,942 | ) | ||||||||||||||
Accumulated amortization | - | 1,255,596 | |||||||||||||||
Total discounts | - | (965,038 | ) | ||||||||||||||
Accrued interest | - | 1,204,980 | |||||||||||||||
MATT Note payable, net | $ | - | $ | 5,239,942 | |||||||||||||
RSI Note [Member] | ' | ||||||||||||||||
Note 8 - Long Term Obligations (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Notes payable, face amount | $ | - | $ | 2,000,000 | |||||||||||||
Discounts on notes: | |||||||||||||||||
Revaluation of warrants | - | (263,690 | ) | ||||||||||||||
Accumulated amortization | - | 159,560 | |||||||||||||||
Total discounts | - | (104,130 | ) | ||||||||||||||
Accrued interest | - | 481,993 | |||||||||||||||
RSI Notes payable, net | $ | - | $ | 2,377,863 |
Note_9_Commitments_and_Conting1
Note 9 - Commitments and Contingencies (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
30-Sep-13 | Payments | ||||
Remainder of 2013 | $ | 510,250 | |||
2014 | 998,294 | ||||
2015 | 459,387 | ||||
2016 | 467,182 | ||||
2017 | 114,981 | ||||
Thereafter | - | ||||
Total minimum payments | $ | 2,550,094 |
Note_12_Earnings_Loss_per_Comm1
Note 12 - Earnings (Loss) per Common Share (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | ' | ||||||||
September 30, | September 30, | ||||||||
2013 | 2012 | ||||||||
Stock options | 8,997,696 | 9,651,657 | |||||||
Unvested Restricted Stock Awards | 1,365,500 | - | |||||||
Warrants | 3,052,953 | 4,200,000 | |||||||
Convertible preferred stock | 1,479,949 | 1,479,949 | |||||||
Totals | 14,896,098 | 15,331,606 |
Note_13_StockBased_Compensatio1
Note 13 - Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Note 13 - Stock-Based Compensation (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Sales and marketing | $ | 103,521 | $ | 95,399 | $ | 266,663 | $ | 256,662 | |||||||||
Product development and content | 583,523 | 475,616 | 1,175,680 | 1,426,332 | |||||||||||||
General and administrative | 163,598 | 455,555 | 1,319,223 | 1,222,161 | |||||||||||||
Total stock-based compensation for continuing operations | 850,642 | 1,026,570 | 2,761,566 | 2,905,155 | |||||||||||||
Total stock-based compensation for discontinued operations | - | - | - | 151,506 | |||||||||||||
Total stock-based compensation for vesting of options and awards | $ | 850,642 | $ | 1,026,570 | $ | 2,761,566 | $ | 3,056,661 | |||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||
Stock | Average | Average | Intrinsic | ||||||||||||||
Options | Exercise Price | Remaining | Value | ||||||||||||||
Contractual | |||||||||||||||||
Life | |||||||||||||||||
Outstanding at December 31, 2012 | 187,375 | $ | 2.86 | ||||||||||||||
Granted | 914,000 | $ | 1.89 | ||||||||||||||
Exercised | - | $ | - | ||||||||||||||
Forfeited or expired | (43,500 | ) | $ | 3.21 | |||||||||||||
Outstanding at September 30, 2013 | 1,057,875 | $ | 2.01 | 9.6 | $ | 93,785 | |||||||||||
Exercisable at September 30, 2013 | 106,375 | $ | 2.86 | 8.7 | $ | - | |||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||
Stock | Average | Average | Intrinsic | ||||||||||||||
Options | Exercise Price | Remaining | Value | ||||||||||||||
Contractual | |||||||||||||||||
Life | |||||||||||||||||
Outstanding at December 31, 2012 (1) | 8,452,340 | $ | 2.56 | ||||||||||||||
Granted | - | $ | - | ||||||||||||||
Exercised (2) | (122,685 | ) | $ | 1 | |||||||||||||
Forfeited or expired | (849,872 | ) | $ | 4.56 | |||||||||||||
Outstanding at September 30, 2013 (3) | 7,479,783 | $ | 2.38 | 5.9 | $ | 3,362,457 | |||||||||||
Exercisable at September 30, 2013 (4) | 5,968,883 | $ | 1.95 | 5.3 | $ | 3,362,457 | |||||||||||
Options | Number of | Weighted- | Weighted- | Aggregate | |||||||||||||
Stock | Average | Average | Intrinsic | ||||||||||||||
Options | Exercise Price | Remaining | Value | ||||||||||||||
Contractual | |||||||||||||||||
Life | |||||||||||||||||
Outstanding at December 31, 2012 | 443,038 | $ | 1.34 | ||||||||||||||
Granted | - | $ | - | ||||||||||||||
Exercised | - | $ | - | ||||||||||||||
Forfeited or expired | - | $ | - | ||||||||||||||
Outstanding at September 30, 2013 | 443,038 | $ | 1.34 | 6.4 | $ | 208,228 | |||||||||||
Exercisable at September 30, 2013 | 443,038 | $ | 1.34 | 6.4 | $ | 208,228 | |||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Weighted-average volatility | 86 | % | 83 | % | 86 | % | 84 | % | |||||||||
Weighted-average risk-free interest rate | 1.55 | % | 0.68 | % | 1.21 | % | 0.64 | % | |||||||||
Weighted-average expected life in years | 5.8 | 5.8 | 5.8 | 5.6 | |||||||||||||
Dividend yield | - | % | - | % | - | % | - | % | |||||||||
RSA [Member] | ' | ||||||||||||||||
Note 13 - Stock-Based Compensation (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
RSA's | Number of | Weighted- | |||||||||||||||
Stock | Average | ||||||||||||||||
Options | Stock Price | ||||||||||||||||
Outstanding at December 31, 2012 | - | $ | - | ||||||||||||||
Granted | 1,458,000 | $ | 1.79 | ||||||||||||||
Exercised | - | $ | - | ||||||||||||||
Forfeited or expired | (92,500 | ) | $ | - | |||||||||||||
Outstanding at September 30, 2013 | 1,365,500 | $ | 1.79 | ||||||||||||||
Unvested at September 30, 2013 | 1,365,500 | $ | 1.79 |
Note_14_Warrants_Tables
Note 14 - Warrants (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Warrants [Abstract] | ' | ||||||||
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | ' | ||||||||
Risk-free interest rate: | 3.24 | % | |||||||
Expected term: (years) | 6 | ||||||||
Expected dividend yield: | — | ||||||||
Expected volatility: | 105.7 | % | |||||||
Risk-free interest rate: | 1.96 | % | |||||||
Expected term: (years) | 10 | ||||||||
Expected dividend yield: | — | ||||||||
Expected volatility: | 90.4 | % | |||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | ' | ||||||||
Warrants | Number of | Weighted- | |||||||
Warrants | Average | ||||||||
Exercise Price | |||||||||
Outstanding at December 31, 2012 | 4,200,000 | $ | 2.98 | ||||||
Granted | 255,102 | $ | 1.96 | ||||||
Exercised | (1,002,147 | ) | $ | 2.75 | |||||
Forfeited or expired | (400,002 | ) | $ | 2.75 | |||||
Outstanding at September 30, 2013 | 3,052,953 | $ | 3 | ||||||
Exercisable at September 30, 2013 | 3,052,953 | $ | 3 |
Note_1_Description_of_Business1
Note 1 - Description of Business and Basis of Presentation (Details) (Insider Guides, Inc. [Member], USD $) | 0 Months Ended |
In Millions, unless otherwise specified | Nov. 10, 2011 |
Insider Guides, Inc. [Member] | ' |
Note 1 - Description of Business and Basis of Presentation (Details) [Line Items] | ' |
Business Combination, Consideration Transferred (in Dollars) | $18 |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 17 |
Note_3_Discontinued_Operations2
Note 3 - Discontinued Operations - Quepasa Games (Details) - Disposal Groups - Income Statement Disclosure (USD $) | 9 Months Ended |
Sep. 30, 2012 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Games Revenues | $840,190 |
Loss on impairment of goodwill | 2,288,776 |
Total | 4,520,817 |
Loss from discontinued operations attributable to Quepasa Games | -3,680,627 |
Exit costs | 431,418 |
Loss on disposable of assets | 48,084 |
Quepasa Games [Member] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Loss from discontinued operations attributable to Quepasa Games | -3,680,627 |
Games Expenses [Member] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Expenses | 1,032,366 |
Product Development And Content [Member] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Expenses | 552,563 |
Depreciation and Amortization [Member] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Expenses | 16,102 |
Stock-based Compensation [Member] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Expenses | $151,508 |
Note_4_Notes_Receivable_Detail
Note 4 - Notes Receivable (Details) (USD $) | Apr. 29, 2013 | Feb. 28, 2011 | Sep. 22, 2009 |
Receivables [Abstract] | ' | ' | ' |
Notes, Loans and Financing Receivable Before Write Down Noncurrent (in Dollars) | ' | ' | $350,000 |
Notes, Loans and Financing Receivable After Write Down Noncurrent (in Dollars) | ' | ' | $250,000 |
Notes, Loans and Financing Receivable Term | ' | '18 months | ' |
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | 4.00% | ' |
Notes, Loans and Financing Receivable Collateral Interest Percent | ' | 30.00% | ' |
Number of Days to Repurchase Membership Interest Upon Default on Note | ' | '90 days | ' |
Note_5_Goodwill_Details
Note 5 - Goodwill (Details) (USD $) | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | |
Quepasa Games [Member] | Quepasa Games [Member] | Insider Guides, Inc. [Member] | Insider Guides, Inc. [Member] | ||
Note 5 - Goodwill (Details) [Line Items] | ' | ' | ' | ' | ' |
Goodwill, Fair Value Disclosure | ' | ' | $2,500,000 | ' | ' |
Indefinite-lived Intangible Assets Acquired | ' | ' | 3,800,000 | ' | ' |
Goodwill, Gross | ' | ' | 2,400,000 | ' | ' |
Goodwill, Impairment Loss | $2,288,776 | $2,200,000 | $1,400,000 | $0 | $0 |
Note_5_Goodwill_Details_Goodwi
Note 5 - Goodwill (Details) - Goodwill (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2010 |
Quepasa Games [Member] | Quepasa Games [Member] | Insider Guides, Inc. [Member] | Continuing Operations [Member] | Continuing Operations [Member] | Continuing Operations [Member] | Continuing Operations [Member] | Discontinued Operations [Member] | Discontinued Operations [Member] | |||
Discontinued Operations [Member] | Discontinued Operations [Member] | Continuing Operations [Member] | |||||||||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | $70,646,036 | $70,646,036 | ' | ' | ' | $70,646,036 | $70,646,036 | $70,646,036 | $0 | $2,402,446 | $0 |
Less impairment losses | ' | ' | -1,409,127 | -2,288,776 | ' | ' | ' | ' | ' | ' | ' |
Addition to goodwill | ' | ' | 4,280,618 | ' | 70,646,036 | ' | ' | ' | ' | ' | ' |
Goodwill, translation adjustments | ' | ' | -469,045 | ' | ' | ' | ' | ' | ' | -113,670 | ' |
Goodwill | $70,646,036 | $70,646,036 | ' | ' | ' | $70,646,036 | $70,646,036 | $70,646,036 | $0 | ' | $0 |
Note_6_Intangible_Assets_Detai
Note 6 - Intangible Assets (Details) - Intangible Assets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | $9,014,994 | $9,014,994 |
Less accumulated amortization | -3,737,470 | -2,268,721 |
Intangible assetsbnet | 5,277,524 | 6,746,273 |
Continuing Operations [Member] | Trademarks [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 6,124,994 | 6,124,994 |
Continuing Operations [Member] | Advertising Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | 1,165,000 | 1,165,000 |
Continuing Operations [Member] | Mobile Applications [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Intangible assets, gross | $1,725,000 | $1,725,000 |
Note_7_Property_and_Equipment_1
Note 7 - Property and Equipment (Details) - Property and Equipment (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipmentbnet | $3,468,585 | $4,772,632 |
Computer Equipment [Member] | Continuing Operations [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 7,285,907 | 6,805,099 |
Office Equipment [Member] | Continuing Operations [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 152,064 | 143,037 |
Leasehold Improvements [Member] | Continuing Operations [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 373,399 | 367,437 |
Continuing Operations [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 7,811,370 | 7,315,573 |
Less accumulated depreciation | -4,342,785 | -2,542,941 |
Discontinued Operations [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipmentbnet | $3,468,585 | $4,772,632 |
Note_8_Long_Term_Obligations_D
Note 8 - Long Term Obligations (Details) (USD $) | 0 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||
Apr. 29, 2013 | Feb. 13, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 21, 2013 | Mar. 05, 2013 | Dec. 31, 2012 | Feb. 28, 2011 | Jan. 25, 2008 | Jan. 25, 2008 | Mar. 31, 2006 | Jan. 25, 2008 | Jan. 25, 2008 | Mar. 31, 2006 | Jan. 25, 2008 | Mar. 31, 2006 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 25, 2008 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 25, 2008 | Sep. 30, 2013 | Mar. 05, 2013 | Dec. 31, 2012 | Mar. 05, 2013 | Nov. 10, 2011 | Nov. 21, 2008 | Jan. 22, 2010 | Mar. 31, 2012 | Jun. 30, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | |
Series 1 Warrant [Member] | Series 1 Warrant [Member] | Series 2 Warrant [Member] | Series 2 Warrant [Member] | Series 2 Warrant [Member] | Series 3 Warrant [Member] | Series 3 Warrant [Member] | RSI Note [Member] | MATT Inc [Member] | MATT Inc [Member] | MATT Inc [Member] | RSI Note [Member] | RSI Note [Member] | RSI Note [Member] | RSI Note [Member] | RSI Note [Member] | Bank Borrowings [Member] | AHMSA and MATT Note [Member] | LSA2 Loan [Member] | SLSA Loan [Member] | S2LSA Loan [Member] | Dell Financial Services [Member] | HP Financial Services [Member] | HP Financial Services [Member] | Convertible Debt [Member] | ||||||||||
MATT Inc [Member] | MATT Inc [Member] | RSI Note [Member] | RSI Note [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | ||||||||||||||||||||||||
Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | |||||||||||||||||||||||||||||||
Note 8 - Long Term Obligations (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.46% | ' | 4.46% | 4.46% | ' | 4.46% | ' | ' | ' | ' | 12.50% | 12.60% | 12.50% | ' | ' | ' | ' |
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases | ' | $6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | 200.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | 8,000,000 | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | 5,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | 1,700,000 | 500,000 | ' |
Funds Draw from Loan | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount (in Dollars) | 400,000 | ' | ' | ' | ' | ' | 1,069,168 | ' | 263,690 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Excercise Value Increase, First Tranche (in Dollars) | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise Value Increase, Second Tranche (in Dollars) | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | 400,002 | ' | ' | 2,147 | ' | ' | ' | 1,000,000 | ' | 1,000,000 | 500,000 | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class Of Warrant Or Right Exercise Price Of Warrant Or Rights Max (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $12.50 | ' | $15 | $4 | ' | $7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class Of Warrant Or Right Exercise Price Of Warrant Or Rights Minimum (in Dollars per share) | ' | ' | ' | ' | ' | $2,000,000 | ' | ' | ' | $2.75 | ' | $2.75 | $2.75 | ' | $2.75 | ' | ' | ' | ' | ' | ' | ' | ' | $2,750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Finance Costs, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,580 | ' | ' | 15,901 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Finance Costs, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 712,000 | 11,000 | ' | ' | ' | ' | ' | ' | 6,300 | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,254,178 | ' | ' | ' | ' | ' | ' | ' |
Notes Receivable, Related Parties | ' | ' | ' | ' | ' | 6,025,828 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Receivable | ' | ' | ' | ' | ' | 222,446 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | ' | ' | 3 | ' | ' | 2.75 | 2.98 | ' | 2.75 | ' | 2.87 | ' | ' | 4 | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | 2.75 | ' | ' | ' | ' | ' | ' | ' | ' | 1.96 |
Payment For RSI Note | ' | ' | 107,504 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal and Interest That Would Have Accrued Through Due Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,857,504 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains (Losses) on Restructuring of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -463,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, New Issues (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 306,122 |
New Leases Offset by Payments | ' | ' | ' | $330,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | 4.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | ' | ' | 7.99% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_8_Long_Term_Obligations_D1
Note 8 - Long Term Obligations (Details) - Growth Capital Loan Payable (USD $) | Apr. 29, 2013 | Mar. 21, 2013 | Sep. 30, 2013 |
Growth Capital Loan [Member] | |||
Note 8 - Long Term Obligations (Details) - Growth Capital Loan Payable [Line Items] | ' | ' | ' |
Growth capital loan payable, face amount | $8,000,000 | $600,000 | $5,000,000 |
Valuation of warrants | ' | ' | -290,748 |
Accumulated amortization | ' | ' | 33,228 |
Total discounts | ' | ' | -257,520 |
Growth capital loan payable, net | ' | ' | $4,742,480 |
Note_8_Long_Term_Obligations_D2
Note 8 - Long Term Obligations (Details) - MATT Note Payable (USD $) | 12 Months Ended | 12 Months Ended | ||||
Dec. 31, 2012 | Apr. 29, 2013 | Mar. 21, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jan. 25, 2008 | |
MATT Inc [Member] | MATT Inc [Member] | MATT Inc [Member] | ||||
Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | ||||
Note 8 - Long Term Obligations (Details) - MATT Note Payable [Line Items] | ' | ' | ' | ' | ' | ' |
Notes payable, face amount | ' | $8,000,000 | $600,000 | $5,000,000 | $5,000,000 | $5,000,000 |
Revaluation of warrants | ' | ' | ' | -1,341,692 | ' | ' |
Termination of jet rights | ' | ' | ' | -878,942 | ' | ' |
Accumulated amortization | ' | ' | ' | 1,255,596 | ' | ' |
Total discounts | ' | ' | ' | -965,038 | ' | ' |
Accrued interest | 1,686,973 | ' | ' | 1,204,980 | ' | ' |
MATT Note payable, net | ' | ' | ' | $5,239,942 | ' | ' |
Note_8_Long_Term_Obligations_D3
Note 8 - Long Term Obligations (Details) - RSI Note Payable (USD $) | 12 Months Ended | 12 Months Ended | ||||
Dec. 31, 2012 | Apr. 29, 2013 | Mar. 21, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jan. 25, 2008 | |
RSI Note [Member] | RSI Note [Member] | RSI Note [Member] | ||||
Subordinated Debt [Member] | Subordinated Debt [Member] | Subordinated Debt [Member] | ||||
Note 8 - Long Term Obligations (Details) - RSI Note Payable [Line Items] | ' | ' | ' | ' | ' | ' |
Notes payable, face amount | ' | $8,000,000 | $600,000 | $2,000,000 | $2,000,000 | $2,000,000 |
Revaluation of warrants | ' | ' | ' | -263,690 | ' | ' |
Accumulated amortization | ' | ' | ' | 159,560 | ' | ' |
Total discounts | ' | ' | ' | -104,130 | ' | ' |
Accrued interest | 1,686,973 | ' | ' | 481,993 | ' | ' |
RSI Notes payable, net | ' | ' | ' | $2,377,863 | ' | ' |
Note_8_Long_Term_Obligations_D4
Note 8 - Long Term Obligations (Details) - Long-Term Debt (USD $) | 12 Months Ended | |||||
Dec. 31, 2012 | Sep. 30, 2013 | Apr. 29, 2013 | Mar. 21, 2013 | Feb. 28, 2011 | Jan. 25, 2008 | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | ' | $8,000,000 | $600,000 | ' | ' |
Interest Rates | ' | ' | 11.00% | ' | 4.00% | ' |
Balances | 7,480,753 | 3,034,837 | ' | ' | ' | ' |
Add: accrued interest | 1,686,973 | ' | ' | ' | ' | ' |
Less: unamortized discounts | -1,069,168 | ' | -400,000 | ' | ' | -263,690 |
Total notes payable - long term portion | 8,098,558 | 3,034,837 | ' | ' | ' | ' |
Capital lease - long term portion | 1,058,230 | 948,230 | ' | ' | ' | ' |
Long term debt, net of discounts | 9,156,788 | 3,983,067 | ' | ' | ' | ' |
Less: unamortized discount | -1,069,168 | ' | -400,000 | ' | ' | -263,690 |
MATT Inc [Member] | Subordinated Debt [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | 5,000,000 | 5,000,000 | ' | ' | ' | 5,000,000 |
Interest Rates | ' | 4.46% | ' | ' | ' | 4.46% |
Balances | 5,000,000 | ' | ' | ' | ' | ' |
Add: accrued interest | 1,204,980 | ' | ' | ' | ' | ' |
RSI Note [Member] | Subordinated Debt [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | 2,000,000 | 2,000,000 | ' | ' | ' | 2,000,000 |
Interest Rates | ' | 4.46% | ' | ' | ' | 4.46% |
Balances | 2,000,000 | ' | ' | ' | ' | ' |
Add: accrued interest | 481,993 | ' | ' | ' | ' | ' |
Growth Term Loan [Member] | LSA2 Loan [Member] | Term Loans [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 97,500 | ' | ' | ' | ' |
Interest Rates | ' | 12.50% | ' | ' | ' | ' |
Balances | 125,679 | ' | ' | ' | ' | ' |
Equipment Term Loan [Member] | LSA2 Loan [Member] | Term Loans [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 8,607 | ' | ' | ' | ' |
Interest Rates | ' | 12.50% | ' | ' | ' | ' |
Balances | 1,762,061 | 831,060 | ' | ' | ' | ' |
Equipment Term Loan [Member] | SLSA Loan [Member] | Term Loans [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 2,500,000 | ' | ' | ' | ' |
Interest Rates | ' | 12.60% | ' | ' | ' | ' |
Equipment Term Loan [Member] | S2LSA Loan [Member] | Term Loans [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 2,500,000 | ' | ' | ' | ' |
Interest Rates | ' | 12.50% | ' | ' | ' | ' |
Balances | 496,381 | 26,259 | ' | ' | ' | ' |
Dell Financial Services [Member] | Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | 1,397,970 | 1,662,436 | ' | ' | ' | ' |
Dell Financial Services [Member] | Minimum [Member] | Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Interest Rates | ' | 6.46% | ' | ' | ' | ' |
Dell Financial Services [Member] | Maximum [Member] | Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Interest Rates | ' | 7.99% | ' | ' | ' | ' |
HP Financial Services [Member] | Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | 308,833 | 197,396 | ' | ' | ' | ' |
HP Financial Services [Member] | Minimum [Member] | Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Interest Rates | ' | 4.50% | ' | ' | ' | ' |
HP Financial Services [Member] | Maximum [Member] | Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Interest Rates | ' | 7.40% | ' | ' | ' | ' |
Growth Capital Loan [Member] | Term Loans [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 5,000,000 | ' | ' | ' | ' |
Interest Rates | ' | 11.00% | ' | ' | ' | ' |
Balances | ' | 4,952,896 | ' | ' | ' | ' |
Growth Capital Loan [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 5,000,000 | ' | ' | ' | ' |
Term Loans [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Original Borrowings | ' | 10,106,107 | ' | ' | ' | ' |
Balances | 2,384,121 | 5,552,695 | ' | ' | ' | ' |
Less: unamortized discounts | ' | -257,520 | ' | ' | ' | ' |
Less: unamortized discount | ' | -257,520 | ' | ' | ' | ' |
Capital Lease Obligations [Member] | Current Portion [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | 648,573 | 911,602 | ' | ' | ' | ' |
Capital Lease Obligations [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | 1,706,803 | 1,859,832 | ' | ' | ' | ' |
Loans Payable [Member] | Current Portion [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | 1,903,368 | 2,517,856 | ' | ' | ' | ' |
Loans Payable [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | 480,753 | 3,034,837 | ' | ' | ' | ' |
Current Portion [Member] | ' | ' | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Balances | $2,551,941 | $3,429,458 | ' | ' | ' | ' |
Note_9_Commitments_and_Conting2
Note 9 - Commitments and Contingencies (Details) (USD $) | 0 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | ||||||
Aug. 15, 2012 | Jun. 25, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Mar. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Contingent Consideration, Cash [Member] | Contingent Consideration, Note Payable [Member] | Other Restructuring [Member] | Other Restructuring [Member] | Other Restructuring [Member] | |||||||||
Note 9 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Leases, Rent Expense | ' | ' | $537,452 | ' | $521,127 | $1,610,488 | $1,514,837 | ' | ' | ' | ' | ' | ' |
Restructuring and Related Cost, Number of Positions Eliminated, Period Percent | ' | ' | ' | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Costs | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring Reserve | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 224,000 |
Restructuring and Related Cost, Expected Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | ' | ' |
Payments for Legal Settlements | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Damages Paid, Value | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Loss in Period | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' |
Litigation Settlement, Amount | ' | ' | ' | ' | ' | ' | ' | ' | $400,000 | $600,000 | ' | ' | ' |
Note_9_Commitments_and_Conting3
Note 9 - Commitments and Contingencies (Details) - Future Minimum Rental Payments for Operating Leases (USD $) | Sep. 30, 2013 |
Future Minimum Rental Payments for Operating Leases [Abstract] | ' |
Remainder of 2013 | $510,250 |
2014 | 998,294 |
2015 | 459,387 |
2016 | 467,182 |
2017 | 114,981 |
Total minimum payments | $2,550,094 |
Note_10_Convertible_Preferred_1
Note 10 - Convertible Preferred Stock (Details) (USD $) | 1 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | ||||||
Sep. 20, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 18, 2012 | 12-May-11 | Nov. 28, 2011 | Aug. 22, 2011 | Jun. 30, 2008 | Sep. 20, 2011 | Nov. 10, 2011 | Nov. 10, 2011 | |
Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | Convertible Preferred Stock [Member] | ||||
Original Series A Preferred Stock [Member] | Original Series A Preferred Stock [Member] | Original Series A Preferred Stock [Member] | Original Series A Preferred Stock [Member] | Original Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A-1 [Member] | ||||
Note 10 - Convertible Preferred Stock (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued (in Shares) | ' | ' | ' | ' | ' | ' | ' | 25,000 | 1,000,000 | ' | 1,000,000 |
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | $0.00 | ' | ' | ' |
Preferred Stock, Dividend Rate, Percentage | ' | ' | ' | ' | ' | ' | ' | 4.46% | ' | ' | ' |
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | $100 | ' | ' | ' |
Conversion of Stock, Shares Issued (in Shares) | ' | ' | ' | ' | 336,927 | ' | ' | ' | ' | ' | ' |
Dividends, Preferred Stock, Cash | ' | ' | ' | $100,000 | ' | $50,000 | $100,000 | ' | ' | ' | ' |
Dividends Payable | ' | 69,455 | 69,455 | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Convertible Preferred Stock | ' | ' | ' | ' | ' | ' | ' | ' | $5,000,000 | ' | $5,000,000 |
Convertible Preferred Stock, Terms of Conversion | 'The new Series A shares were convertible at a conversion price per share based on the following: the lower of (i) $3.5785 or (ii), if the Merger of the Company and myYearbook closed, the lower of (A) 85% of the closing price of the Company's common stock on the closing date of the Merger or (B) 85% of the volume weighted average price during the 20 trading days ending with the date of the closing of the Merger | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Redemption Price Per Share (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $3.58 | $3.38 | $3.38 |
Convertible Preferred Stock, Shares Issued upon Conversion (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,479,949 | ' |
Common Stock, Capital Shares Reserved for Future Issuance (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,479,949 |
Note_11_Common_Stock_Details
Note 11 - Common Stock (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Note 11 - Common Stock (Details) [Line Items] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 122,685 |
Stock Issued During Period, Shares, Other | 1,002,147 |
MEETMOI [Member] | ' |
Note 11 - Common Stock (Details) [Line Items] | ' |
Stock Issued During Period, Shares, Other | 306,122 |
Note_12_Earnings_Loss_per_Comm2
Note 12 - Earnings (Loss) per Common Share (Details) - Dilutive Securities | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securitites | 14,896,098 | 15,331,606 |
Equity Option [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securitites | 8,997,696 | 9,651,657 |
Unvested Restricted Stock Awards [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securitites | 1,365,500 | ' |
Warrant [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securitites | 3,052,953 | 4,200,000 |
Preferred Stock Convertible [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securitites | 1,479,949 | 1,479,949 |
Note_13_StockBased_Compensatio2
Note 13 - Stock-Based Compensation (Details) (USD $) | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Apr. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2006 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | 31-May-12 | Dec. 31, 2011 | 31-May-12 | Nov. 30, 2011 | Jun. 30, 2011 | Nov. 30, 2009 | Sep. 30, 2013 | Dec. 31, 2008 | Dec. 31, 2012 | Jun. 27, 2007 | |||
RSA [Member] | RSA [Member] | RSA [Member] | RSA [Member] | Consultant Compensation [Member] | Consultant Compensation [Member] | 2012 Omnibus Incentive Plan [Member] | 2012 Omnibus Incentive Plan [Member] | 2012 Omnibus Incentive Plan [Member] | Amended and Restated 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | |||||||
2006 Stock Incentive Plan [Member] | 2006 Stock Incentive Plan [Member] | ||||||||||||||||||||||
Note 13 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | ' | $3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars) | ' | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | 5,700,000 | ' | 2,100,000 | ' | ' | ' | ' | ' | ' | 3,700,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | ' | ' | ' | ' | 150,000 | 0 | 1,458,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Allocated Share-based Compensation Expense (in Dollars) | ' | ' | ' | ' | 198,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,000,000 | 4,000,000 | 2,000,000 | ' | 2,000,000 | ' | ' | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | ' | ' | ' | ' | ' | ' | ' | ' | 115,531 | 135,531 | 1,057,875 | ' | 187,375 | ' | ' | ' | ' | 7,479,783 | [1] | ' | 8,452,340 | [2] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $4.08 | $3.62 | $2.01 | ' | $2.86 | ' | ' | ' | ' | $2.38 | [1] | ' | $2.56 | [2] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | 122,685 | [3] | ' | ' | ' | |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | $1 | [3] | ' | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | ' | ' | ' | ' | ' | ' | ' | ' | 71,352 | ' | 106,375 | ' | ' | ' | ' | ' | ' | 5,968,883 | [4] | ' | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $3.64 | ' | $2.86 | ' | ' | ' | ' | ' | ' | $1.95 | [4] | ' | ' | ' | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars) | ' | $116,000 | $412,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
[1] | Includes 115,531 options granted to purchase common stock at a weighted average exercise price of $4.08 per share being held by consultants. | ||||||||||||||||||||||
[2] | Includes 135,531 outstanding options to purchase common stock at a weighted average exercise price of $3.62 per share being held by consultants. | ||||||||||||||||||||||
[3] | Includes 20,000 outstanding options to purchase common stock at a weighted average exercise price of $1.00 per share being held by consultants. | ||||||||||||||||||||||
[4] | Includes 71,352 exercisable options to purchase common stock at a weighted average exercise price of $3.64 per share being held by consultants. |
Note_13_StockBased_Compensatio3
Note 13 - Stock-Based Compensation (Details) - Stock-Based Compensation Expense (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | $850,642 | $1,026,570 | $2,761,566 | $3,056,661 |
Selling and Marketing Expense [Member] | Continuing Operations [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 103,521 | 95,399 | 266,663 | 256,662 |
Product Development And Content [Member] | Continuing Operations [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 583,523 | 475,616 | 1,175,680 | 1,426,332 |
General and Administrative Expense [Member] | Continuing Operations [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 163,598 | 455,555 | 1,319,223 | 1,222,161 |
Continuing Operations [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | 850,642 | 1,026,570 | 2,761,566 | 2,905,155 |
Discontinued Operations [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' | ' |
Stock-based compensation | ' | ' | ' | $151,506 |
Note_13_StockBased_Compensatio4
Note 13 - Stock-Based Compensation (Details) - Stock Option Activity (USD $) | 9 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2011 | ||
2012 Omnibus Incentive Plan [Member] | ' | ' | |
Note 13 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | |
Outstanding | ' | 187,375 | |
Outstanding (in Dollars per share) | ' | $2.86 | |
Outstanding | '9 years 219 days | ' | |
Exercisable at | 106,375 | ' | |
Exercisable at (in Dollars per share) | $2.86 | ' | |
Exercisable at | '8 years 255 days | ' | |
Granted | 914,000 | ' | |
Granted (in Dollars per share) | $1.89 | ' | |
Forfeited or expired | -43,500 | ' | |
Forfeited or expired (in Dollars per share) | $3.21 | ' | |
Outstanding | 1,057,875 | 187,375 | |
Outstanding (in Dollars per share) | $2.01 | $2.86 | |
Outstanding | '9 years 219 days | ' | |
Outstanding (in Dollars) | $93,785 | ' | |
2006 Stock Incentive Plan [Member] | ' | ' | |
Note 13 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | |
Outstanding | 8,452,340 | [1] | ' |
Outstanding (in Dollars per share) | $2.56 | [1] | ' |
Outstanding | '5 years 328 days | [2] | ' |
Exercisable at | 5,968,883 | [3] | ' |
Exercisable at (in Dollars per share) | $1.95 | [3] | ' |
Exercisable at | '5 years 109 days | [3] | ' |
Exercisable at (in Dollars) | 3,362,457 | [3] | ' |
Exercised | -122,685 | [4] | ' |
Exercised (in Dollars per share) | $1 | [4] | ' |
Forfeited or expired | -849,872 | ' | |
Forfeited or expired (in Dollars per share) | $4.56 | ' | |
Outstanding | 7,479,783 | [2] | ' |
Outstanding (in Dollars per share) | $2.38 | [2] | ' |
Outstanding | '5 years 328 days | [2] | ' |
Outstanding (in Dollars) | 3,362,457 | [2] | ' |
Non-Plan Option Activity [Member] | ' | ' | |
Note 13 - Stock-Based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' | |
Outstanding | 443,038 | ' | |
Outstanding (in Dollars per share) | $1.34 | ' | |
Outstanding | '6 years 146 days | ' | |
Exercisable at | 443,038 | ' | |
Exercisable at (in Dollars per share) | $1.34 | ' | |
Exercisable at | '6 years 146 days | ' | |
Exercisable at (in Dollars) | 208,228 | ' | |
Outstanding | 443,038 | ' | |
Outstanding (in Dollars per share) | $1.34 | ' | |
Outstanding | '6 years 146 days | ' | |
Outstanding (in Dollars) | $208,228 | ' | |
[1] | Includes 135,531 outstanding options to purchase common stock at a weighted average exercise price of $3.62 per share being held by consultants. | ||
[2] | Includes 115,531 options granted to purchase common stock at a weighted average exercise price of $4.08 per share being held by consultants. | ||
[3] | Includes 71,352 exercisable options to purchase common stock at a weighted average exercise price of $3.64 per share being held by consultants. | ||
[4] | Includes 20,000 outstanding options to purchase common stock at a weighted average exercise price of $1.00 per share being held by consultants. |
Note_13_StockBased_Compensatio5
Note 13 - Stock-Based Compensation (Details) - Fair Value Assumption (2012 Omnibus Incentive Plan [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
2012 Omnibus Incentive Plan [Member] | ' | ' | ' | ' |
Note 13 - Stock-Based Compensation (Details) - Fair Value Assumption [Line Items] | ' | ' | ' | ' |
Weighted-average volatility | 86.00% | 83.00% | 86.00% | 84.00% |
Weighted-average risk-free interest rate | 1.55% | 0.68% | 1.21% | 0.64% |
Weighted-average expected life in years | '5 years 292 days | '5 years 292 days | '5 years 292 days | '5 years 219 days |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Note_13_StockBased_Compensatio6
Note 13 - Stock-Based Compensation (Details) - RSA Activity (Restricted Stock [Member], USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Restricted Stock [Member] | ' | ' |
Note 13 - Stock-Based Compensation (Details) - RSA Activity [Line Items] | ' | ' |
Granted | ' | 1,458,000 |
Granted (in Dollars per share) | ' | $1.79 |
Forfeited or expired | -92,500 | ' |
Outstanding | 1,365,500 | ' |
Outstanding (in Dollars per share) | $1.79 | ' |
Note_14_Warrants_Details
Note 14 - Warrants (Details) (USD $) | 1 Months Ended | |||||||||||||||||
Mar. 31, 2006 | Sep. 30, 2013 | Apr. 29, 2013 | Mar. 05, 2013 | Dec. 31, 2012 | Jan. 25, 2008 | Mar. 31, 2006 | Mar. 31, 2006 | Mar. 31, 2006 | Mar. 31, 2006 | Mar. 31, 2006 | Oct. 31, 2006 | Oct. 31, 2006 | Jan. 25, 2008 | Jan. 25, 2008 | Apr. 29, 2013 | Apr. 29, 2013 | Sep. 30, 2013 | |
Series 1, 2, And 3 [Member] | Series 1 Warrant [Member] | Series 2 Warrant [Member] | Series 3 Warrant [Member] | CEO Compensation [Member] | Series 1, MATT Inc [Member] | Series 2, MATT Inc [Member] | Reduced Price, MATT Inc [Member] | MATT Inc [Member] | Lender [Member] | Growth Capital Loan [Member] | MATT Inc [Member] | |||||||
Note 14 - Warrants (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 200,000 | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | ' | 3 | ' | 2.75 | 2.98 | 2.75 | ' | 2.87 | 4 | 7 | 3.55 | ' | ' | 2.75 | ' | ' | 1.96 | ' |
Share-Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Period Balance Outstanding | -1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount (in Dollars) | ' | ' | $400,000 | ' | $1,069,168 | $263,690 | ' | ' | ' | ' | ' | ' | ' | ' | $1,341,692 | $400,000 | ' | ' |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Minimum (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $12.50 | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights Maximum (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $15 | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | ' | 400,002 | ' | 2,147 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class Of Warrant Or Right Exercise Price Of Warrant Or Rights Minimum (in Dollars per share) | ' | ' | ' | $2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Outstanding | ' | 3,052,953 | ' | ' | 4,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,597,851 |
Excercise Value Increase, First Tranche (in Dollars) | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise Value Increase, Second Tranche (in Dollars) | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants and Rights Outstanding (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $500,000 | ' |
Note_14_Warrants_Details_Modif
Note 14 - Warrants (Details) - Modified Warrants Fair Value Assumptions | 9 Months Ended |
Sep. 30, 2013 | |
RSI Warrants [Member] | ' |
Note 14 - Warrants (Details) - Modified Warrants Fair Value Assumptions [Line Items] | ' |
Risk-free interest rate | 3.24% |
Expected term | '6 years |
Expected volatility | 105.70% |
MATT Warrants [Member] | ' |
Note 14 - Warrants (Details) - Modified Warrants Fair Value Assumptions [Line Items] | ' |
Risk-free interest rate | 1.96% |
Expected term | '10 years |
Expected volatility | 90.40% |
Note_14_Warrants_Details_Warra
Note 14 - Warrants (Details) - Warrant Activity (USD $) | 9 Months Ended | ||
Sep. 30, 2013 | Mar. 05, 2013 | Jan. 25, 2008 | |
Warrant Activity [Abstract] | ' | ' | ' |
Outstanding at December 31, 2012 | 4,200,000 | ' | ' |
Outstanding at December 31, 2012 (in Dollars per Item) | 2.98 | 2.75 | 2.75 |
Granted | 255,102 | ' | ' |
Granted (in Dollars per Share) | $1.96 | ' | ' |
Exercised | -1,002,147 | ' | ' |
Exercised (in Dollars per Share) | $2.75 | ' | ' |
Forfeited or expired | -400,002 | ' | ' |
Forfeited or expired (in Dollars per Share) | $2.75 | ' | ' |
Outstanding at September 30, 2013 | 3,052,953 | ' | ' |
Outstanding at September 30, 2013 (in Dollars per Item) | 3 | 2.75 | 2.75 |
Exercisable at September 30, 2013 | 3,052,953 | ' | ' |
Exercisable at September 30, 2013 (in Dollars per Item) | 3 | ' | ' |
Note_15_Transactions_with_Affi1
Note 15 - Transactions with Affiliates (Details) (USD $) | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
In Millions, unless otherwise specified | Social Theater [Member] | Social Theater [Member] | |
Note 15 - Transactions with Affiliates (Details) [Line Items] | ' | ' | ' |
Revenue from Related Parties | ' | $0 | $6 |
Accounts Receivable, Related Parties, Current | $6 | ' | ' |
Note_16_Significant_Customers_1
Note 16 - Significant Customers and Concentration of Credit Risk (Details) (Customer Concentration Risk [Member]) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Advertising Aggregator, A Non-affiliate Customer [Member] | Sales [Member] | ' | ' |
Note 16 - Significant Customers and Concentration of Credit Risk (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 30.00% | 24.00% |
MATT, An Affiliate Customer [Member] | Sales [Member] | ' | ' |
Note 16 - Significant Customers and Concentration of Credit Risk (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 0.00% | 17.00% |
Accounts Receivable [Member] | ' | ' |
Note 16 - Significant Customers and Concentration of Credit Risk (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 13.00% | 47.00% |