Quarterly report pursuant to sections 13 or 15(d)

Note 2: Balance Sheet Information

v2.4.0.6
Note 2: Balance Sheet Information
3 Months Ended
Dec. 31, 2012
Note 2 Balance Sheet Information  
Note 2: Balance Sheet Information

Balance sheet information is as follows:

 

    December 31,     September 30,  
    2012     2012  
    (unaudited)        
Receivables, current, net:                
Accounts receivable, current   $ 1,761,453     $ 1,863,067  
Less: Allowance for doubtful accounts     (1,402,289 )     (1,423,219 )
    $ 359,164     $ 439,848  
Receivables, long term, net:                
Accounts receivable, long term   $ 533,131     $ 510,587  
Less: Allowance for doubtful accounts     (138,371 )     (136,017 )
    $ 394,760     $ 374,570  
Total receivables, net:                
Gross receivables   $ 2,294,584     $ 2,373,654  
Less: Allowance for doubtful accounts     (1,540,660 )     (1,559,236 )
    $ 753,924     $ 814,418  

 

Components of allowance for doubtful accounts are as follows:

 

    December 31,     September 30,  
    2012     2012  
                 
Allowance for dilution and fees on amounts due from billing aggregators   $ 1,520,370     $ 1,525,126  
Allowance for customer refunds     20,290       34,111  
    $ 1,540,660     $ 1,559,237  

 

    December 31,     September 30,  
    2012     2012  
                 
Property and equipment, net:                
Furnishings and fixtures   $ 94,511     $ 94,511  
Office, computer equipment and other     376,091       361,685  
      470,602       456,196  
Less: Accumulated depreciation     (412,132 )     (405,670 )
    $ 58,470     $ 50,526  

 

    December 31,     September 30,  
    2012     2012  
                 
Intangible assets, net:                
Domain name and marketing related intangibles   $ 1,511,650     $ 1,511,650  
Website and technology related intangibles     1,361,804       1,252,304  
      2,873,454       2,763,954  
Less: Accumulated amortization     (823,388 )     (766,283 )
    $ 2,050,066     $ 1,997,671  

 

    December 31,     September 30,  
    2012     2012  
                 
Accrued liabilities:                
Deferred revenue   $ 686     $ 2,310  
Accrued payroll and bonuses     35,156       28,968  
Accruals under revenue sharing agreements     63,933       67,601  
Accrued expenses - other     414,105       311,225  
    $ 513,880     $ 410,104