Quarterly report pursuant to sections 13 or 15(d)

Note 2: Balance Sheet Information (Tables)

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Note 2: Balance Sheet Information (Tables)
 6 Months Ended
Jun. 30, 2012
Note 2 Balance Sheet Information Tables  
Balance Sheet Information

   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 

 

 

     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