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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income for the year $ 22,326,594 $ 16,067,154 $ 11,373,730
Items not involving cash:      
Depreciation of property and equipment 3,727,822 1,823,683 1,404,296
Loss on write off of property and equipment 16,951
Amortization of debt discount and issuance costs 273,010 31,166
Amortization of intangible assets 8,399,936 953,174 262,726
Impairment of indefinite life intangible asset 111,251 42,673 206,116
Deferred income taxes (recovery) (3,336,824) 1,194,232 134,861
Excess tax benefits on share-based compensation expense (2,796,171) 859,111 3,431,017
Amortization of deferred rent 5,712 24,729 27,449
Loss on disposal of domain names 290,793 29,691 24,066
Other income (515,280) (515,280) (85,872)
Loss (gain) on change in the fair value of forward contracts 17,328 (322,732) 136,276
Stock-based compensation 1,456,572 799,434 526,025
Change in non-cash operating working capital:      
Accounts receivable 1,009,620 (3,754,234) (220,188)
Inventory (1,733,457) (307,014) (442,806)
Prepaid expenses and deposits (1,642,016) (1,182,765) (1,282,054)
Prepaid domain name registry and ancillary services fees 4,030,485 (4,640,923) 630,653
Income taxes recoverable (426,068) 3,176,532 (2,321,345)
Accounts payable (3,825,526) 390,887 249,931
Accrued liabilities (1,274,773) 1,243,219 1,691,356
Customer deposits 1,084,933 281,713 675,182
Deferred revenue 4,933,478 6,255,027 366,273
Accreditation fees payable (237,730) 59,331 (10,664)
Net cash provided by operating activities 31,896,640 22,508,808 16,777,028
Financing activities:      
Proceeds received on exercise of stock options 221,587 146,390 803,136
Payment of tax obligations resulting from net exercise of stock options (1,461,651) (363,285) (1,306,981)
Repurchase of common stock (7,180,257) (23,616,286)
Proceeds received on loan payable 86,998,000 16,989,583 3,500,000
Repayment of loan payable (19,975,574) (9,758,276)
Payment of loan payable costs (620,217) (513,665)
Net cash provided by (used in) financing activities 65,162,145 (679,510) (20,620,131)
Investing activities:      
Additions to property and equipment (12,934,872) (7,917,822) (2,967,360)
Proceeds on waiver of rights to .online registry 6,619,831
Remaining payment for the acquisition of Ting Virginia, LLC., net of cash of $21,423 (357,492)
Acquisition of a portion of the minority interest in Ting Virginia, LLC (note 3(a)) (2,000,000)
Acquisition of Enom Incorporated, net of cash (note 3(b)) (76,237,460)
Acquisition of intangible assets (2,942,364) (6,529,654)
Net cash used in investing activities (94,114,696) (14,447,476) 3,294,979
Increase in cash and cash equivalents 2,944,089 7,381,822 (548,124)
Cash and cash equivalents, beginning of period 15,105,075 7,723,253 8,271,377
Cash and cash equivalents, end of period 18,049,164 15,105,075 7,723,253
Supplemental cash flow information:      
Interest paid 3,587,554 420,298 173,197
Income taxes paid, net 7,815,208 3,766,664 3,132,105
Supplementary disclosure of non-cash investing and financing activities:      
Property and equipment acquired during the period not yet paid for $ 213,836 $ 446,821 $ 217,198