| Balance Sheet Information |
Balance sheet information is as follows:
| |
|
June 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| Receivables, current, net: |
|
(unaudited) |
|
(audited) |
|
| counts receivable, current |
|
$ |
2,319,012 |
|
|
$ |
904,197 |
|
| Less: Allowance for doubtful accounts |
|
|
(706,479 |
) |
|
|
(729,296 |
) |
| |
|
$ |
1,612,533 |
|
|
$ |
174,901 |
|
| Receivables, long term, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, long term |
|
$ |
348,995 |
|
|
$ |
374,708 |
|
| Less: Allowance for doubtful accounts |
|
|
(304,357 |
) |
|
|
(330,069 |
) |
| |
|
$ |
44,638 |
|
|
$ |
44,639 |
|
| Total receivables, net: |
|
|
|
|
|
|
|
|
| Gross receivables |
|
$ |
2,668,007 |
|
|
$ |
1,278,905 |
|
| Less: Allowance for doubtful accounts |
|
|
(1,010,836 |
) |
|
|
(1,059,365 |
) |
| |
|
$ |
1,657,171 |
|
|
$ |
219,540 |
|
Components of allowance for doubtful accounts are as follows:
| |
|
June 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
(unaudited) |
|
|
(audited) |
|
| Allowance for dilution and fees on amounts due from billing aggregators |
|
$ |
988,906 |
|
|
$ |
730,777 |
|
| Allowance for customer refunds |
|
|
2,204 |
|
|
|
6,281 |
|
| Allowance for other trade receivables |
|
|
19,726 |
|
|
|
322,307 |
|
| |
|
$ |
1,010,836 |
|
|
$ |
1,059,365 |
|
| |
|
June 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| Property and equipment, net: |
|
(unaudited) |
|
|
(audited) |
|
| Furnishings and fixtures |
|
$ |
151,399 |
|
|
$ |
101,611 |
|
| Office, computer equipment and other |
|
|
460,047 |
|
|
|
404,580 |
|
| |
|
|
611,446 |
|
|
|
506,191 |
|
| Less: Accumulated depreciation |
|
|
(467,078 |
) |
|
|
(435,029 |
) |
| |
|
$ |
144,368 |
|
|
$ |
71,162 |
|
| |
|
June 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
(unaudited) |
|
|
(audited) |
|
| Intangible assets, net: |
|
|
|
|
|
|
|
|
| Domain name and marketing related intangibles |
|
$ |
1,521,015 |
|
|
$ |
1,513,708 |
|
| Website and technology related intangibles |
|
|
2,615,752 |
|
|
|
2,335,728 |
|
| |
|
|
4,136,767 |
|
|
|
3,849,436 |
|
| Less: Accumulated amortization |
|
|
(1,306,405 |
) |
|
|
(1,001,035 |
) |
| |
|
$ |
2,830,362 |
|
|
$ |
2,848,401 |
|
| |
|
June 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
(unaudited) |
|
|
(audited) |
|
| Accrued liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue |
|
$ |
328 |
|
|
$ |
2,829 |
|
| Accrued payroll and bonuses |
|
|
63,134 |
|
|
|
27,330 |
|
| Accruals under revenue sharing agreements |
|
|
1,468 |
|
|
|
44,167 |
|
| Deposits from customers |
|
|
535,392 |
|
|
|
– |
|
| Accrued expenses - other |
|
|
287,088 |
|
|
|
225,138 |
|
| |
|
$ |
887,410 |
|
|
$ |
299,464 |
|
|