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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income for the year $ 6,170,231 $ 2,116,948 $ 12,241,206
Items not involving cash:      
Depreciation of property and equipment 937,460 1,203,212 1,939,442
Loss on disposition of property and equipment 42,165   40,893
Amortization of deferred financing charges 13,300 25,400 37,500
Amortization of intangible assets 1,090,540 1,741,368 1,558,956
Gain on disposal of investment in Afilias     (3,890,395)
Reduction in deferred tax liability   0 (556,000)
Deferred income taxes (recovery) (3,046,669)    
Deferred rent 26,487    
Disposal of domain names 34,071 31,584 5,462
Loss (gain) on currency forward contracts 1,533,443 1,370,710 (4,179,589)
Stock-based compensation 310,956 400,002 295,261
Change in non-cash operating working capital:      
Accounts receivable (270,594) (199,950) 378,317
Prepaid expenses and deposits (1,129,506) 135,046 (224,879)
Prepaid domain name registry and ancillary services fees (4,855,039) (6,114,599) (2,654,170)
Income taxes recoverable (261,215) 54,000 (674,000)
Accounts payable (611,532) (35,210) (172,582)
Accrued liabilities 515,931 (571,930) (110,166)
Customer deposits 209,984 335,995 305,076
Deferred revenue 5,179,716 6,260,225 2,122,953
Accreditation fees payable (4,460) 16,114 2,354
Net cash provided by operating activities 5,885,269 6,768,915 6,465,639
Financing activities:      
Proceeds received on exercise of stock options 31,346 14,809 25,422
Repurchase of common stock (18,442) (9,707,093) (2,915,982)
Other proceeds 3,659    
Proceeds received on loan payable 2,530,000    
Repayment of loan payable (2,985,883) (1,914,242) (2,639,242)
Net cash used in financing activities (439,320) (11,606,526) (5,529,802)
Investing activities:      
Cost of domain names acquired     (13,775)
Additions to property and equipment (851,008) (589,054) (807,530)
Acquisition of EPAG Domainservices GMBH, net of cash acquired (2,392,461)    
Proceeds on disposal of shares in Afilias Inc.     4,090,395
Net cash (used in) provided by investing activities (3,243,469) (589,054) 3,269,090
Increase (decrease) in cash and cash equivalents 2,202,480 (5,426,665) 4,204,927
Cash and cash equivalents, beginning of year 4,205,729 9,632,394 5,427,467
Cash and cash equivalents, end of year 6,408,209 4,205,729 9,632,394
Supplemental cash flow information:      
Interest paid 53,166 116,242 227,616
Income taxes paid 550,000 200,685 1,165,000
Supplementary disclosure of non-cash investing and financing activities:      
Property and equipment acquired during the period not yet paid for $ 257,967 $ 273,333 $ 93,594