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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 16,587,886 $ 18,049,164 [1]
Accounts receivable, net of allowance for doubtful accounts of $169,420 as of March 31, 2018 and $168,409 as of December 31, 2017 12,685,140 12,376,104 [1]
Inventory 2,898,383 2,944,246 [1]
Prepaid expenses and deposits 14,710,902 14,185,586 [1]
Derivative instrument asset, current portion (note 5) 21,515 [1]
Prepaid domain name registry and ancillary services fees, current portion 95,019,044 103,302,472 [1]
Income taxes recoverable 2,625,063 3,003,873 [1]
Total current assets 144,547,933 153,861,445 [1]
Derivative instrument asset, long-term portion (note 5) 4,588 [1]
Prepaid domain name registry and ancillary services fees, long-term portion 20,640,539 23,700,931 [1]
Property and equipment 28,688,762 24,620,298 [1]
Contract costs (note 11) 1,378,336 1,403,608 [2]
Intangible assets (note 6) 56,047,310 58,414,178 [1]
Goodwill (note 6) 90,053,483 90,053,483
Total assets 341,360,951 350,650,335 [1]
Current liabilities:    
Accounts payable 9,343,179 7,026,282 [1]
Accrued liabilities 7,171,475 6,412,578 [1]
Customer deposits 12,980,327 15,255,305 [1]
Deferred rent, current portion 21,048 20,991 [1]
Loan payable, current portion (note 7) 18,289,853 18,289,853 [1]
Deferred revenue, current portion 122,203,880 129,154,622 [1]
Accreditation fees payable, current portion 1,226,544 1,174,733 [1]
Income taxes payable 984,707 1,226,157 [1]
Total current liabilities 172,221,013 178,560,521 [1]
Deferred revenue, long-term portion 28,779,438 31,426,906 [1]
Accreditation fees payable, long-term portion 277,022 288,755 [1]
Deferred rent, long-term portion 129,885 129,777 [1]
Loan payable, long-term portion (note 7) 54,127,120 58,634,174 [1]
Deferred gain 300,580 429,400 [1]
Deferred tax liability (note 8) 20,116,385 19,833,678 [1]
Redeemable non-controlling interest (note 4 (a)) 1,136,390 [1]
Stockholders' equity (note 13)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0 [1]
Common stock - no par value, 250,000,000 shares authorized; 10,592,115 shares issued and outstanding as of March 31, 2018 and 10,583,879 shares issued and outstanding as of December 31, 2017 15,426,104 15,368,161 [1]
Additional paid-in capital 2,547,140 2,166,768 [1]
Retained earnings 47,418,839 42,675,805 [1]
Accumulated other comprehensive income 17,425 [1]
Total stockholders' equity 65,409,508 60,210,734 [1]
Total liabilities and stockholders' equity $ 341,360,951 $ 350,650,335 [1]
[1] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2] The beginning balance consists entirely of a cumulative adjustment recorded on January 1st, 2018 as a result of the modified retrospective adoption of ASU 2014-09. See note 3 for additional information.