Annual report pursuant to Section 13 and 15(d)

4. Balance Sheet Information

v2.4.1.9
4. Balance Sheet Information
12 Months Ended
Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Information

Balance sheet information is as follows:

 

    September 30,     September 30,  
    2014     2013  
                 
Receivables, current, net:                
Accounts receivable, current   $ 1,611,269     $ 904,197  
Less: Allowance for doubtful accounts     (756,686 )     (729,296 )
    $ 854,583     $ 174,901  
Receivables, long term, net:                
Accounts receivable, long term   $ 344,572     $ 374,708  
Less: Allowance for doubtful accounts     (344,572 )     (330,069 )
    $     $ 44,639  
Total receivables, net:                
Gross receivables   $ 1,955,841     $ 1,278,905  
Less: Allowance for doubtful accounts     (1,101,258 )     (1,059,365 )
    $ 854,583     $ 219,540  
                 
Components of allowance for doubtful accounts are as follows:                
Allowance for dilution and fees on amounts due from billing aggregators   $ 1,063,633     $ 730,777  
Allowance for customer refunds     2,107       6,281  
Allowance for other trade receivables     35,518       322,307  
    $ 1,101,258     $ 1,059,365  
                 
Property and equipment, net:                
Furnishings and fixtures   $ 162,642     $ 101,611  
Office, computer equipment and other     192,063       404,580  
      354,705       506,191  
Less: Accumulated depreciation     (201,591 )     (435,029 )
    $ 153,114     $ 71,162  
                 
Intangible assets, net:                
Domain name and marketing related intangibles   $ 1,521,015     $ 1,513,708  
Website and technology related intangibles     2,545,114       2,335,728  
Covenant not to compete     120,000        
      4,504,524       3,849,436  
Less: Accumulated amortization     (1,433,314 )     (1,001,035 )
    $ 3,071,210     $ 2,848,401  
                 
Accrued liabilities:                
Deferred revenue   $ 548,004     $ 2,829  
Accrued payroll and bonuses     107,224       27,330  
Accruals under revenue sharing agreements     688       44,167  
Accrued expenses - other     390,114       225,138  
    $ 1,046,030     $ 299,464