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Note 6: Balance Sheet Information | 12 Months Ended
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Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Note 6: Balance Sheet Information | Balance sheet information is as follows:
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |
Receivables, current, net: |  |  |  |  |  |  |  |
Accounts receivable, current |  | $ | 904,197 |  |  | $ | 1,863,067 |
Less: Allowance for doubtful accounts |  |  | (729,296 | ) |  |  | (1,423,219 | )
|  | $ | 174,901 |  |  | $ | 439,848 |
Receivables, long term, net: |  |  |  |  |  |  |  |
Accounts receivable, long term |  | $ | 374,708 |  |  | $ | 510,587 |
Less: Allowance for doubtful accounts |  |  | (330,069 | ) |  |  | (136,017 | )
|  | $ | 44,639 |  |  | $ | 374,570 |
Total receivables, net: |  |  |  |  |  |  |  |
Gross receivables |  | $ | 1,278,905 |  |  | $ | 2,373,654 |
Less: Allowance for doubtful accounts |  |  | (1,059,365 | ) |  |  | (1,559,236 | )
|  | $ | 219,540 |  |  | $ | 814,418 |
Long term receivables consist of reserves held by LEC processors that are not expected to be settled within 12 months. As of September 30, 2013, approximately 57% of the Company’s allowance for doubtful accounts was an allowance against an outstanding receivable balance that is in dispute. After excluding these reserves from the related accounts receivable balances the allowance for doubtful accounts as a percentage of gross accounts receivable increases to 68%. As of September 30, 2012, approximately 93% of the Company’s allowance for doubtful accounts was an allowance against accounts receivable balances and reserves held by a LEC that is in bankruptcy and an allowance against an outstanding receivable balance that is in dispute. After excluding these reserves from the related accounts receivable balances, the allowance for doubtful accounts as a percentage of gross accounts receivable decreases to 12.6%. See Note 17. Components of allowance for doubtful accounts are as follows:
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |
Allowance for dilution and fees on amounts due from billing aggregators |  | $ | 730,777 |  |  | $ | 1,525,126 |
Allowance for customer refunds |  |  | 6,281 |  |  |  | 34,111 |
|  | $ | 737,058 |  |  | $ | 1,559,237 |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |
Property and equipment, net: |  |  |  |  |  |  |  |
Furnishings and fixtures |  | $ | 101,611 |  |  | $ | 94,511 |
Office, computer equipment and other |  |  | 404,580 |  |  |  | 361,685 |
|  |  | 506,191 |  |  |  | 456,196 |
Less: Accumulated depreciation |  |  | (435,029 | ) |  |  | (405,670 | )
|  | $ | 71,162 |  |  | $ | 50,526 |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |
Intangible assets, net: |  |  |  |  |  |  |  |
Domain name and marketing related intangibles |  | $ | 1,513,708 |  |  | $ | 1,511,650 |
Website and technology related intangibles |  |  | 2,335,728 |  |  |  | 1,252,304 |
|  |  | 3,849,436 |  |  |  | 2,763,954 |
Less: Accumulated amortization |  |  | (1,001,035 | ) |  |  | (766,283 | )
|  | $ | 2,848,401 |  |  | $ | 1,997,671 |
|  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |
Accrued liabilities: |  |  |  |  |  |  |  |
Deferred revenue |  | $ | 2,829 |  |  | $ | 2,310 |
Accrued payroll and bonuses |  |  | 27,330 |  |  |  | 28,968 |
Accruals under revenue sharing agreements |  |  | 44,167 |  |  |  | 67,601 |
Accrued expenses - other |  |  | 225,138 |  |  |  | 311,225 |
|  | $ | 299,464 |  |  | $ | 410,104 |

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