Quarterly report pursuant to Section 13 or 15(d)

3. Balance Sheet Information

v2.4.0.8
3. Balance Sheet Information
9 Months Ended
Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Information

Balance sheet information is as follows:

 

    June 30,     September 30,  
    2014     2013  
Receivables, current, net:   (unaudited)   (audited)  
counts receivable, current   $ 2,319,012     $ 904,197  
Less: Allowance for doubtful accounts     (706,479 )     (729,296 )
    $ 1,612,533     $ 174,901  
Receivables, long term, net:                
Accounts receivable, long term   $ 348,995     $ 374,708  
Less: Allowance for doubtful accounts     (304,357 )     (330,069 )
    $ 44,638     $ 44,639  
Total receivables, net:                
Gross receivables   $ 2,668,007     $ 1,278,905  
Less: Allowance for doubtful accounts     (1,010,836 )     (1,059,365 )
    $ 1,657,171     $ 219,540  

 

Components of allowance for doubtful accounts are as follows:

 

    June 30,     September 30,  
    2014     2013  
    (unaudited)     (audited)  
Allowance for dilution and fees on amounts due from billing aggregators   $ 988,906     $ 730,777  
Allowance for customer refunds     2,204       6,281  
Allowance for other trade receivables     19,726       322,307  
    $ 1,010,836     $ 1,059,365  

 

    June 30,     September 30,  
    2014     2013  
Property and equipment, net:   (unaudited)     (audited)  
Furnishings and fixtures   $ 151,399     $ 101,611  
Office, computer equipment and other     460,047       404,580  
      611,446       506,191  
Less: Accumulated depreciation     (467,078 )     (435,029 )
    $ 144,368     $ 71,162  

 

    June 30,     September 30,  
    2014     2013  
    (unaudited)     (audited)  
Intangible assets, net:                
Domain name and marketing related intangibles   $ 1,521,015     $ 1,513,708  
Website and technology related intangibles     2,615,752       2,335,728  
      4,136,767       3,849,436  
Less:  Accumulated amortization     (1,306,405 )     (1,001,035 )
    $ 2,830,362     $ 2,848,401  

 

    June 30,     September 30,  
    2014     2013  
    (unaudited)     (audited)  
Accrued liabilities:                
Deferred revenue   $ 328     $ 2,829  
Accrued payroll and bonuses     63,134       27,330  
Accruals under revenue sharing agreements     1,468       44,167  
Deposits from customers     535,392        
Accrued expenses - other     287,088       225,138  
    $ 887,410     $ 299,464