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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income for the period $ 2,446,491 $ 4,438,238
Items not involving cash:    
Depreciation of property and equipment 756,664 420,021
Amortization of debt discount and issuance costs 67,105
Amortization of intangible assets 1,760,971 68,529
Impairment of indefinite life intangible asset 20,985
Deferred income taxes 1,319,819 273,159
Excess tax benefits on share-based compensation expense (989,332) 61,360
Amortization of deferred rent 4,032 11,915
Loss on disposal of domain names 9,789 8,220
Other income (128,820) (128,820)
Loss (gain) on change in the fair value of forward contracts (138,107) (243,042)
Stock-based compensation 317,820 200,228
Change in non-cash operating working capital:    
Accounts receivable 41,721 (890,510)
Inventory 170,996 (239,087)
Prepaid expenses and deposits (3,557,508) (252,924)
Prepaid domain name registry and ancillary services fees (5,489,422) (797,920)
Income taxes recoverable (2,660,528) 1,226,454
Accounts payable (3,446,427) 549,796
Accrued liabilities 1,830,922 (451,246)
Customer deposits (83,591) (179,923)
Deferred revenue 10,240,649 1,508,582
Accreditation fees payable (71,327) 10,619
Net cash provided by operating activities 2,401,917 5,614,634
Financing activities:    
Proceeds received on exercise of stock options 19,869 19,558
Payment of tax obligations resulting from net exercise of stock options (712,234) (36,685)
Repurchase of common stock (2,180,279)
Proceeds received on loan payable 86,998,000 6,000,000
Repayment of loan payable (6,258,278) (218,750)
Payment of loan payable costs (591,175)
Net cash used in financing activities 79,456,182 3,583,844
Investing activities:    
Additions to property and equipment (3,692,893) (856,336)
Acquisition of a portion of the minority interest in Ting Virginia, LLC. (2,000,000)
Acquisition of Enom Incorporated, net of cash (76,237,460)
Acquisition of intangible assets (6,054,546)
Net cash used in investing activities (81,930,353) (6,910,882)
Increase (decrease) in cash and cash equivalents (72,254) 2,287,596
Cash and cash equivalents, beginning of period 15,105,075 7,723,253
Cash and cash equivalents, end of period 15,032,821 10,010,849
Supplemental cash flow information:    
Interest paid 872,645 46,381
Income taxes paid, net 2,342,916 329,169
Supplementary disclosure of non-cash investing and financing activities:    
Property and equipment acquired during the period not yet paid for $ 250,847 $ 11,338