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Consolidated Balance Sheets (unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 6,366,302 $ 6,408,209
Accounts receivable, net of allowance for doubtful accounts of $65,000 as of March 31, 2012 and $57,415 as of December 31, 2011 4,894,913 3,880,184
Prepaid expenses and deposits 5,070,003 3,961,905
Derivative instrument asset, current portion (note 7) 137,973  
Prepaid domain name registry and ancillary services fees, current portion 45,727,148 43,209,033
Income taxes recoverable 284,082 867,093
Total current assets 62,480,421 58,326,424
Derivative instrument asset, long-term portion (note 7) 127,391 87,023
Prepaid domain name registry and ancillary services fees, long-term portion 13,001,462 12,600,154
Property and equipment 1,365,438 1,437,564
Deferred financing charges 800 2,300
Deferred tax asset, long-term portion (note 8) 6,811,757 6,880,377
Intangible assets (note 5) 17,215,576 17,482,590
Goodwill 18,873,127 18,873,127
Total assets 119,875,972 115,689,559
Current liabilities:    
Accounts payable 1,864,847 1,051,115
Accrued liabilities 2,243,550 2,081,968
Customer deposits 4,459,899 4,202,899
Derivative instrument liability, current portion (note 7) 263,004 781,027
Loan payable, current portion (note 6) 4,311,667 850,000
Deferred revenue, current portion 55,962,976 52,683,546
Accreditation fees payable, current portion 600,227 555,869
Deferred tax liability, current portion (note 8) 1,051,376 880,008
Income taxes payable 194,320 158,258
Total current liabilities 70,951,866 63,244,690
Derivative instrument liability, long-term portion (note 7)   5,479
Deferred revenue, long-term portion 17,036,557 16,492,155
Accreditation fees payable, long-term portion 153,657 156,061
Deferred rent, long-term portion 33,756 26,487
Deferred tax liability, long-term portion (note 8) 5,317,800 5,345,700
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; 46,221,565 shares issued and outstanding as of March 31, 2012 and 53,497,584 shares issued and outstanding as of December 31, 2011 9,952,314 11,358,959
Additional paid-in capital 36,700,388 40,994,013
Deficit (20,270,366) (21,933,985)
Total stockholders' equity 26,382,336 30,418,987
Total liabilities and stockholders' equity $ 119,875,972 $ 115,689,559