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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 11,898,360 $ 8,271,377
Accounts receivable, net of allowance for doubtful accounts of $123,032 as of September 30, 2015 and $125,766 as of December 31, 2014 7,946,089 6,789,685
Inventory 742,460 393,774
Prepaid expenses and deposits 4,677,841 3,697,292
Prepaid domain name registry and ancillary services fees, current portion 47,060,627 44,614,858
Other assets (note 5)   8,199,000
Deferred tax asset, current portion (note 9) 3,767,702 2,498,196
Income taxes recoverable 15,611 997
Total current assets 76,108,690 74,465,179
Prepaid domain name registry and ancillary services fees, long-term portion 11,387,867 11,764,765
Property and equipment 6,472,226 1,609,787
Deferred tax asset, long-term portion (note 9) 5,151,914 4,880,423
Intangible assets (note 7) 14,678,989 14,202,585
Goodwill (note 7) 21,005,143 18,873,127
Total assets 134,804,829 125,795,866
Current liabilities:    
Accounts payable 3,965,083 3,579,920
Accrued liabilities 5,681,783 3,941,549
Customer deposits 4,714,950 4,461,727
Derivative instrument liability, current portion (note 6) 2,005,634 1,115,805
Deferred rent, current portion 15,139  
Loan payable (note 8) 3,500,000  
Deferred revenue, current portion 59,077,575 55,495,566
Accreditation fees payable, current portion 485,491 466,201
Income taxes payable (note 9) 2,423,520 473,480
Total current liabilities 81,869,175 69,534,248
Derivative instrument liability, long-term portion (note 6) 175,734  
Deferred revenue, long-term portion 15,336,127 15,610,753
Accreditation fees payable, long-term portion 120,378 128,243
Deferred rent, long-term portion 95,656 92,878
Other liabilities (note 10) 1,545,832  
Deferred tax liability, long-term portion (note 9) 4,974,814 4,787,351
Redeemable non-controlling interest (note 4) 3,024,349  
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;10,727,380 shares issued and outstanding as of September 30, 2015 and 11,329,732 shares issued and outstanding as of December 31, 2014 14,160,189 14,130,059
Additional paid-in capital 13,397,142 29,090,058
Deficit 1,298,763 (6,955,283)
Accumulated other comprehensive loss (1,193,330) (622,441)
Total stockholders' equity 27,662,764 35,642,393
Total liabilities and stockholders' equity $ 134,804,829 $ 125,795,866