Quarterly report pursuant to Section 13 or 15(d)

3. Balance Sheet Information

v2.4.1.9
3. Balance Sheet Information
6 Months Ended
Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Information

Balance sheet information is as follows:

 

    March 31,     September 30,  
    2015     2014  
Receivables, current, net:                
Accounts receivable, current   $ 1,599,944     $ 1,611,269  
Less: Allowance for doubtful accounts     (730,204 )     (756,686 )
    $ 869,740     $ 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   $ 1,944,516     $ 1,955,841  
Less: Allowance for doubtful accounts     (1,074,776 )     (1,101,258 )
    $ 869,740     $ 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     1,750       2,107  
Allowance for other trade receivables     9,409       35,518  
    $ 1,074,776     $ 1,101,258  
                 
Property and equipment, net:                
Furnishings and fixtures   $ 173,371     $ 162,642  
Office, computer equipment and other     213,346       192,063  
      386,717       354,705  
Less: Accumulated depreciation     (233,170 )     (201,591 )
    $ 153,547     $ 153,114  
                 
Intangible assets, net:                
Domain name and marketing related intangibles   $ 1,521,015     $ 1,521,015  
Website and technology related intangibles     2,851,716       2,863,509  
Software     1,500,000        
Covenant not to compete     120,000       120,000  
      5,992,731       4,504,524  
Less: Accumulated amortization     (1,683,897 )     (1,433,314 )
    $ 4,308,834     $ 3,071,210  
                 
Accrued liabilities:                
Accrued payroll and bonuses   $ 110,566     $ 107,224  
Accruals under revenue sharing agreements     688       688  
Deferred revenue     538,765       548,004  
Accrued software costs     1,500,000        
Accrued expenses - other     380,861       390,114  
    $ 2,530,880     $ 1,046,030