| Balance Sheet Information |
Balance sheet information is as follows:
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
| Receivables, current, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, current |
|
$ |
1,611,269 |
|
|
$ |
904,197 |
|
| Less: Allowance for doubtful
accounts |
|
|
(756,686 |
) |
|
|
(729,296 |
) |
| |
|
$ |
854,583 |
|
|
$ |
174,901 |
|
| Receivables, long term, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, long term |
|
$ |
344,572 |
|
|
$ |
374,708 |
|
| Less: Allowance for doubtful
accounts |
|
|
(344,572 |
) |
|
|
(330,069 |
) |
| |
|
$ |
– |
|
|
$ |
44,639 |
|
| Total receivables, net: |
|
|
|
|
|
|
|
|
| Gross receivables |
|
$ |
1,955,841 |
|
|
$ |
1,278,905 |
|
| Less: Allowance for doubtful
accounts |
|
|
(1,101,258 |
) |
|
|
(1,059,365 |
) |
| |
|
$ |
854,583 |
|
|
$ |
219,540 |
|
| |
|
|
|
|
|
|
|
|
| Components of allowance for doubtful accounts are as follows: |
|
|
|
|
|
|
|
|
| Allowance for dilution and fees on amounts due
from billing aggregators |
|
$ |
1,063,633 |
|
|
$ |
730,777 |
|
| Allowance for customer refunds |
|
|
2,107 |
|
|
|
6,281 |
|
| Allowance for other trade
receivables |
|
|
35,518 |
|
|
|
322,307 |
|
| |
|
$ |
1,101,258 |
|
|
$ |
1,059,365 |
|
| |
|
|
|
|
|
|
|
|
| Property and equipment, net: |
|
|
|
|
|
|
|
|
| Furnishings and fixtures |
|
$ |
162,642 |
|
|
$ |
101,611 |
|
| Office, computer equipment
and other |
|
|
192,063 |
|
|
|
404,580 |
|
| |
|
|
354,705 |
|
|
|
506,191 |
|
| Less: Accumulated depreciation |
|
|
(201,591 |
) |
|
|
(435,029 |
) |
| |
|
$ |
153,114 |
|
|
$ |
71,162 |
|
| |
|
|
|
|
|
|
|
|
| Intangible assets, net: |
|
|
|
|
|
|
|
|
| Domain name and marketing related intangibles |
|
$ |
1,521,015 |
|
|
$ |
1,513,708 |
|
| Website and technology related intangibles |
|
|
2,545,114 |
|
|
|
2,335,728 |
|
| Covenant not to compete |
|
|
120,000 |
|
|
|
– |
|
| |
|
|
4,504,524 |
|
|
|
3,849,436 |
|
| Less: Accumulated amortization |
|
|
(1,433,314 |
) |
|
|
(1,001,035 |
) |
| |
|
$ |
3,071,210 |
|
|
$ |
2,848,401 |
|
| |
|
|
|
|
|
|
|
|
| Accrued liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue |
|
$ |
548,004 |
|
|
$ |
2,829 |
|
| Accrued payroll and bonuses |
|
|
107,224 |
|
|
|
27,330 |
|
| Accruals under revenue sharing agreements |
|
|
688 |
|
|
|
44,167 |
|
| Accrued expenses - other |
|
|
390,114 |
|
|
|
225,138 |
|
| |
|
$ |
1,046,030 |
|
|
$ |
299,464 |
|
|