XML 34 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (Undaudited) (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 4,653,765$ 4,205,729
Accounts receivable, net of allowance for doubtful accounts of $63,669 as of September 30, 2011 and $65,000 as of December 31, 20104,289,4623,021,995
Prepaid expenses and deposits3,756,3752,363,876
Derivative instrument asset, current portion (note 7)1,090833,960
Prepaid domain name registry and ancillary services fees, current portion43,005,54337,016,871
Income taxes recoverable330,093620,000
Total current assets56,036,32848,062,431
Prepaid domain name registry and ancillary services fees, long-term portion12,693,75212,820,479
Property and equipment1,313,6111,552,349
Deferred financing charges4,50015,600
Deferred tax asset, long-term portion (note 8)3,569,0004,155,600
Intangible assets (note 5)17,741,69516,883,401
Goodwill18,873,12717,990,807
Total assets110,232,013101,480,667
Current liabilities:  
Accounts payable1,301,6121,664,006
Accrued liabilities1,720,2791,346,436
Customer deposits3,903,5643,960,312
Derivative instrument liability, current portion (note 7)1,193,751 
Loan payable, current portion (note 6)1,559,7221,305,883
Deferred revenue, current portion52,372,85245,832,374
Accreditation fees payable, current portion562,374547,810
Deferred tax liability, current portion (note 8)569,0001,155,600
Income taxes payable200,940 
Total current liabilities63,384,09455,812,421
Derivative instrument liability, long-term portion (note 7)431,483 
Deferred revenue, long-term portion16,564,60416,738,429
Accreditation fees payable, long-term portion159,614168,580
Deferred rent, long-term portion19,274 
Deferred tax liability, long-term portion (note 8)5,373,6004,840,000
Stockholders' equity (note 12)  
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding  
Common stock - no par value, 250,000,000 shares authorized; 53,477,874 shares issued and outstanding as of September 30, 2011 and 53,448,591 shares issued and outstanding as of December 31, 201011,349,61311,324,866
Additional paid-in capital40,938,60240,700,587
Accumulated other comprehensive income(26,121) 
Deficit(27,962,750)(28,104,216)
Total stockholders' equity24,299,34423,921,237
Total liabilities and stockholders' equity$ 110,232,013$ 101,480,667