3. Balance Sheet Information

9 Months Ended

Jun. 30, 2015

Balance sheet information is as follows:

	June 30,			September 30,
	2015			2014
	(unaudited)
Receivables, current, net:
Accounts receivable, current	$	1,646,680		$	1,611,269
Less: Allowance for doubtful accounts		(731,867	)		(756,686	)
	$	914,813		$	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	$	1,991,252		$	1,955,841
Less: Allowance for doubtful accounts		(1,076,439	)		(1,101,258	)
	$	914,813		$	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		1,905			2,107
Allowance for other trade receivables		10,917			35,518
	$	1,076,439		$	1,101,258

Property and equipment, net:
Furnishings and fixtures	$	120,197		$	162,642
Office, computer equipment and other		219,734			192,063
		339,931			354,705
Less: Accumulated depreciation		(241,573	)		(201,591	)
	$	98,358		$	153,114

Intangible assets, net:
Domain name and marketing related intangibles	$	1,521,015		$	1,521,015
Website and technology related intangibles		2,091,164			2,863,509
Software		1,500,000			–
Covenant not to compete		120,000			120,000
		5,232,179			4,504,524
Less: Accumulated amortization		(1,504,892	)		(1,433,314	)
	$	3,727,287		$	3,071,210

Accrued liabilities:
Accrued payroll and bonuses	$	114,458		$	107,224
Accruals under revenue sharing agreements		688			688
Deferred revenue		511,704			548,004
Accrued software costs		1,500,000			–
Accrued expenses - other		411,216			390,114
	$	2,538,066		$	1,046,030