When I try to change the color and size of text in the editor and then hit submit it reverts back to the default size and color (10, black)

It does it when I specify 14pt and Red text.

Also when I add spaces with the space bar and hit submit it adds in  &nbsp  with out the colon so it displays  "&nbspexample text"

 

Please advise

 

Im running the latest version

I found this error in all major browsers

I cant duplicate it on your demo because there is no submit button.