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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 6,415,679 $ 6,408,209
Accounts receivable, net of allowance for doubtful accounts of $73,970 as of December 31, 2012 and $57,415 as of December 31, 2011 4,413,265 3,880,184
Inventory 587,104 205,597
Prepaid expenses and deposits 5,081,408 3,756,308
Derivative instrument asset, current portion (note 4) 412,944  
Prepaid domain name registry and ancillary services fees, current portion 45,170,167 43,209,033
Income taxes recoverable 1,730,631 867,093
Total current assets 63,811,198 58,326,424
Derivative instrument asset, long-term portion (note 4) 31,838 87,023
Prepaid domain name registry and ancillary services fees, long-term portion 12,318,723 12,600,154
Property and equipment (note 5) 1,352,144 1,437,564
Deferred financing charges   2,300
Deferred tax asset, long-term portion (note 10) 5,970,462 6,880,377
Intangible assets (note 6) 16,415,651 17,482,590
Goodwill (note 3) 18,873,127 18,873,127
Total assets 118,773,143 115,689,559
Current liabilities:    
Accounts payable 1,928,459 1,051,115
Accrued liabilities 2,522,229 2,081,968
Customer deposits 4,955,671 4,202,899
Derivative instrument liability, current portion (note 4)   781,027
Loan payable, current portion (note 7) 3,700,000 850,000
Deferred revenue, current portion 54,997,887 52,683,546
Accreditation fees payable, current portion 512,847 555,869
Deferred tax liability, current portion (note 10) 914,429 880,008
Income taxes payable (note10) 1,255,108 158,258
Total current liabilities 70,786,630 63,244,690
Derivative instrument liability, long-term portion (note 4)   5,479
Deferred revenue, long-term portion 16,002,464 16,492,155
Accreditation fees payable, long-term portion 145,592 156,061
Deferred rent, long-term portion 54,150 26,487
Deferred tax liability, long-term portion (note 10) 5,234,100 5,345,700
Stockholders' equity (note 8)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0
Common stock - no par value, 250,000,000 shares authorized; 44,322,159 shares issued and outstanding as of December 31, 2012 and 53,497,584 shares issued and outstanding as of December 31, 2011 10,084,417 11,358,959
Additional paid-in capital 33,931,529 40,994,013
Deficit (17,509,843) (21,933,985)
Accumulated other comprehensive income 44,104  
Total stockholders' equity 26,550,207 30,418,987
Total liabilities and stockholders' equity $ 118,773,143 $ 115,689,559