| Balance Sheet Information |
Balance sheet information is as
follows:
| |
|
December
31, |
|
|
September
30, |
|
| |
|
2014 |
|
|
2014 |
|
| |
|
(unaudited) |
|
|
|
|
| Receivables, current, net: |
|
|
|
|
|
|
|
|
| Accounts receivable,
current |
|
$ |
2,166,541 |
|
|
$ |
1,611,269 |
|
| Less:
Allowance for doubtful accounts |
|
|
(758,067 |
) |
|
|
(756,686 |
) |
| |
|
$ |
1,408,474 |
|
|
$ |
854,583 |
|
| Receivables, long term, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, long
term |
|
$ |
344,572 |
|
|
$ |
344,572 |
|
| Less:
Allowance for doubtful accounts |
|
|
(344,572 |
) |
|
|
(344,572 |
) |
| |
|
$ |
– |
|
|
$ |
– |
|
| Total receivables, net: |
|
|
|
|
|
|
|
|
| Gross receivables |
|
$ |
2,511,113 |
|
|
$ |
1,955,841 |
|
| Less:
Allowance for doubtful accounts |
|
|
(1,102,639 |
) |
|
|
(1,101,258 |
) |
| |
|
$ |
1,408,474 |
|
|
$ |
854,583 |
|
| |
|
|
|
|
|
|
|
|
| Components of allowance for doubtful accounts
are as follows: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Allowance for dilution and
fees on amounts due from billing aggregators |
|
$ |
1,063,617 |
|
|
$ |
1,063,633 |
|
| Allowance for customer refunds |
|
|
2,126 |
|
|
|
2,107 |
|
| Allowance
for other trade receivables |
|
|
36,896 |
|
|
|
35,518 |
|
| |
|
$ |
1,102,639 |
|
|
$ |
1,101,258 |
|
| |
|
|
|
|
|
|
|
|
| Property and equipment, net: |
|
|
|
|
|
|
|
|
| Furnishings and fixtures |
|
$ |
169,013 |
|
|
$ |
162,642 |
|
| Office,
computer equipment and other |
|
|
213,346 |
|
|
|
192,063 |
|
| |
|
|
382,359 |
|
|
|
354,705 |
|
| Less: Accumulated
depreciation |
|
|
(215,969 |
) |
|
|
(201,591 |
) |
| |
|
$ |
166,390 |
|
|
$ |
153,114 |
|
| |
|
|
|
|
|
|
|
|
| Intangible assets, net: |
|
|
|
|
|
|
|
|
| Domain name and marketing
related intangibles |
|
$ |
1,521,015 |
|
|
$ |
1,521,015 |
|
| Website and technology related
intangibles |
|
|
2,859,803 |
|
|
|
2,863,509 |
|
| Software |
|
|
1,500,000 |
|
|
|
– |
|
| Covenant
not to compete |
|
|
120,000 |
|
|
|
120,000 |
|
| |
|
|
6,000,818 |
|
|
|
4,504,524 |
|
| Less: Accumulated
amortization |
|
|
(1,557,894 |
) |
|
|
(1,433,314 |
) |
| |
|
$ |
4,442,924 |
|
|
$ |
3,071,210 |
|
| |
|
|
|
|
|
|
|
|
| Accrued liabilities: |
|
|
|
|
|
|
|
|
| Accrued payroll and bonuses |
|
$ |
104,623 |
|
|
$ |
107,224 |
|
| Accruals under revenue sharing
agreements |
|
|
688 |
|
|
|
688 |
|
| Deferred revenue |
|
|
641,915 |
|
|
|
548,004 |
|
| Accrued software costs |
|
|
1,500,000 |
|
|
|
– |
|
| Accrued
expenses - other |
|
|
490,740 |
|
|
|
390,114 |
|
| |
|
$ |
2,737,966 |
|
|
$ |
1,046,030 |
|
|