Note 2: Balance Sheet Information

 

Balance sheet information is as follows:

 

 

		December 31,				September 30,
		2011				2011
		(unaudited)
Receivables, current, net:
Accounts receivable, current		$	1,894,647			$	2,080,747
Less: Allowance for doubtful accounts			(1,338,297	)			(1,425,891	)
		$	556,350			$	654,856
Receivables, long term, net:
Accounts receivable, long term		$	581,317			$	569,178
Less: Allowance for doubtful accounts			(198,952	)			(197,740	)
		$	382,365			$	371,438
Total receivables, net:
Gross receivables		$	2,475,964			$	2,649,925
Less: Allowance for doubtful accounts			(1,537,249	)			(1,623,631	)
		$	938,715			$	1,026,294

Our accounts receivable consist primarily of amounts due from customers of our directory services business.

		December 31,				September 30,
		2011				2011
		(unaudited)
Allowance for dilution and fees on amounts     due from billing aggregators		$	1,520,225			$	1,477,769
Allowance for customer refunds			17,024				145,862
		$	1,537,249			$	1,623,631

 

		December 31,				September 30,
		2011				2011
		(unaudited)
Property and equipment, net:
Leasehold improvements		$	201,476			$	201,476
Furnishings and fixtures			233,577				233,577
Office, computer equipment and other			426,931				426,931
			861,984				861,984
Less: Accumulated depreciation			(730,873	)			(690,783	)
		$	131,111			$	171,201

 

		December 31,				September 30,
		2011				2011
		(unaudited)
Intangible assets, net:
Domain name and marketing related intangibles		$	1,509,600			$	1,509,600
Website and technology related intangibles			351,941				351,941
			1,861,541				1,861,541
Less:  Accumulated amortization			(668,396	)			(639,207	)
		$	1,193,145			$	1,222,334

 

 

		December 31,				September 30,
		2011				2011
		(unaudited)
Accrued liabilities:
Deferred revenue		$	8,030			$	14,553
Accrued payroll and bonuses			64,122				63,043
Accruals under revenue sharing agreements			78,736				86,550
Accrued expenses - other			247,645				260,449
		$	398,533			$	424,595