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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,300,762 $ 8,271,377
Accounts receivable, net of allowance for doubtful accounts of $122,953 as of June 30, 2015 and $125,766 as of December 31, 2014 8,208,238 6,789,685
Inventory 619,413 393,774
Prepaid expenses and deposits 5,678,128 3,697,292
Prepaid domain name registry and ancillary services fees, current portion 46,922,331 44,614,858
Other assets (note 5)   8,199,000
Deferred tax asset, current portion (note 9) 3,316,406 2,498,196
Income taxes recoverable 227,759 997
Total current assets 80,273,037 74,465,179
Prepaid domain name registry and ancillary services fees, long-term portion 11,676,068 11,764,765
Property and equipment 6,156,918 1,609,787
Deferred tax asset, long-term portion (note 9) 5,417,090 4,880,423
Intangible assets (note 7) 14,768,934 14,202,585
Goodwill (note 7) 21,005,143 18,873,127
Total assets 139,297,190 125,795,866
Current liabilities:    
Accounts payable 3,777,159 3,579,920
Accrued liabilities 5,274,863 3,941,549
Customer deposits 4,914,645 4,461,727
Derivative instrument liability, (note 6) 1,374,202 1,115,805
Deferred rent, current portion 10,783  
Loan payable (note 8) 3,500,000  
Deferred revenue, current portion 58,633,546 55,495,566
Accreditation fees payable, current portion 503,644 466,201
Deferred tax liability, current portion (note 9) 24,765  
Income taxes payable (note 9) 1,483,258 473,480
Total current liabilities 79,496,865 69,534,248
Derivative instrument liability, long-term portion (note 6) 149,445  
Deferred revenue, long-term portion 15,639,306 15,610,753
Accreditation fees payable, long-term portion 122,846 128,243
Deferred rent, long-term portion 92,642 92,878
Other liabilities (note 10) 1,545,832  
Deferred tax liability, long-term portion (note 9) 5,015,677 4,787,351
Redeemable non-controlling interest (note 4) 3,012,150  
Stockholders' equity (note 14)    
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;11,083,976 shares issued and outstanding as of June 30, 2015 and 11,329,732 shares issued and outstanding as of December 31, 2014 14,411,616 14,130,059
Additional paid-in capital 22,492,630 29,090,058
Deficit (1,848,495) (6,955,283)
Accumulated other comprehensive income (loss) (833,324) (622,441)
Total stockholders' equity 34,222,427 35,642,393
Total liabilities and stockholders' equity $ 139,297,190 $ 125,795,866