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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Operating activities:    
Net income (loss) for the period$ (1,152,139)$ 1,083,156$ 141,466$ 880,244
Items not involving cash:    
Depreciation of property and equipment208,065271,492749,517921,927
Amortization of deferred financing charges3,0006,00011,10020,100
Amortization of intangible assets225,140435,342835,6001,306,026
Defrred tax recovery(18,400) (18,400) 
Deferred rent5,310 19,274 
Disposal of domain names8,8165,08429,90717,090
Unrealized loss (gain) in the fair value of forward exchange contracts2,152,243(141,981)2,458,1041,669,031
Stock-based compensation120,887155,786248,617313,688
Changes in non-cash operating working capital:    
Accounts receivable412,73553,373(715,829)(510,232)
Prepaid expenses and deposits264,660489,843(958,989)61,356
Prepaid fees for domain name registry and ancillary services fees(1,074,068)(2,355,886)(4,823,650)(5,786,558)
Income taxes recoverable173,008(165,000)333,008127,000
Accounts payable(531,095)(244,194)(327,272)(443,624)
Accrued liabilities(113,972)(231,633)267,595(264,317)
Customer deposits170,762240,907(86,941)78,147
Deferred revenue788,8352,287,7395,046,1026,023,890
Accreditation fees payable(15,607)(14,435)6,18513,882
Net cash provided by operating activities1,628,1801,875,5933,215,3944,427,650
Financing activities:    
Proceeds received on exercise of stock options10,685 14,14514,809
Repurchase of common stock   (6,914,792)
Proceeds received on loan payable2,530,000 2,530,000 
Repayment of loan payable(1,319,040)(478,561)(2,276,161)(1,435,682)
Net cash provided by (used in) financing activities1,221,645(478,561)267,984(8,335,665)
Investing activities:    
Additions to property and equipment(138,909)(33,111)(629,935)(292,790)
Acquisition of EPAG Domainservices GMBH, net of cash acquired(2,392,461) (2,392,461) 
Net cash used in investing activities(2,531,370)(33,111)(3,022,396)(292,790)
Foreign exchange loss on cash held in foreign currencies(12,946) (12,946) 
Increase (decrease) in cash and cash equivalents305,5091,363,921448,036(4,200,805)
Cash and cash equivalents, beginning of period4,348,2564,067,6684,205,7299,632,394
Cash and cash equivalents, end of period4,653,7655,431,5894,653,7655,431,589
Supplemental cash flow information:    
Interest paid18,89027,00139,19799,798
Supplementary disclosure of non-cash investing activity:    
Property and equipment acquired during the period not yet paid for$ 124,979$ 146,158$ 124,979$ 146,158