| Note 2: Balance Sheet Information |
Balance sheet
information is as follows:
| |
|
June 30, |
|
September
30, |
| |
|
2012 |
|
2011 |
| |
|
(unaudited) |
|
|
| Receivables, current, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, current |
|
$ |
1,998,429 |
|
|
$ |
2,080,747 |
|
| Less: Allowance for
doubtful accounts |
|
|
(1,477,184 |
) |
|
|
(1,425,891 |
) |
| |
|
$ |
521,245 |
|
|
$ |
654,856 |
|
| Receivables, long term, net: |
|
|
|
|
|
|
|
|
| Accounts receivable, long term |
|
$ |
490,356 |
|
|
$ |
569,178 |
|
| Less: Allowance for
doubtful accounts |
|
|
(133,962 |
) |
|
|
(197,740 |
) |
| |
|
$ |
356,394 |
|
|
$ |
371,438 |
|
| Total receivables, net: |
|
|
|
|
|
|
|
|
| Gross receivables |
|
$ |
2,488,785 |
|
|
$ |
2,649,925 |
|
| Less: Allowance for
doubtful accounts |
|
|
(1,611,146 |
) |
|
|
(1,623,631 |
) |
| |
|
$ |
877,639 |
|
|
$ |
1,026,294 |
|
Components
of allowance for doubtful accounts are as follows:
| |
|
June 30, |
|
September
30, |
| |
|
2012 |
|
2011 |
| |
|
(unaudited) |
|
|
| Allowance
for dilution and fees on amounts due from billing aggregators |
|
$ |
1,599,466 |
|
|
$ |
1,477,769 |
|
| Allowance
for customer refunds |
|
|
11,680 |
|
|
|
145,862 |
|
| |
|
$ |
1,611,146 |
|
|
$ |
1,623,631 |
|
| |
|
June 30, |
|
September
30, |
| |
|
2012 |
|
2011 |
| |
|
(unaudited) |
|
|
| Property and equipment, net: |
|
|
|
|
|
|
|
|
| Leasehold
improvements |
|
$ |
201,476 |
|
|
$ |
201,476 |
|
| Furnishings and
fixtures |
|
|
233,577 |
|
|
|
233,577 |
|
| Office,
computer equipment and other |
|
|
427,607 |
|
|
|
426,931 |
|
| |
|
|
862,660 |
|
|
|
861,984 |
|
| Less: Accumulated
depreciation |
|
|
(798,948 |
) |
|
|
(690,783 |
) |
| |
|
|
63,712 |
|
|
$ |
171,201 |
|
| |
|
June 30, |
|
September
30, |
| |
|
2012 |
|
2011 |
| |
|
(unaudited) |
|
|
| Intangible assets, net: |
|
|
|
|
|
|
|
|
| Domain name and marketing
related intangibles |
|
$ |
1,511,650 |
|
|
$ |
1,509,600 |
|
| Non-compete agreements |
|
|
559,686 |
|
|
|
351,941 |
|
| Website and technology related intangibles |
|
|
2,071,336 |
|
|
|
1,861,541 |
|
| |
|
|
(723,381 |
) |
|
|
(639,207 |
) |
| Less: Accumulated
amortization |
|
$ |
1,347,955 |
|
|
$ |
1,222,334 |
|
| |
|
June 30, |
|
September
30, |
| |
|
2012 |
|
2011 |
| |
|
(unaudited) |
|
|
| Accrued liabilities: |
|
|
|
|
|
|
|
|
| Deferred revenue |
|
$ |
2,577 |
|
|
$ |
14,553 |
|
| Accrued payroll and bonuses |
|
|
33,585 |
|
|
|
63,043 |
|
| Accruals for service contracts |
|
|
56,328 |
|
|
|
86,550 |
|
| Accruals under revenue
sharing agreements |
|
|
437,555 |
|
|
|
260,449 |
|
| Accrued expenses
- other |
|
$ |
530,045 |
|
|
$ |
424,595 |
|
|