| 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 |
|
|