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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents (Note 2) $ 31,101,781 $ 20,089,660
Marketable securities (Note 2) 25,179,961 26,502,945
Accounts receivable, net of allowance for doubtful accounts of $265,308 as of June 30, 2011 and $238,228 as of December 31, 2010 5,992,325 6,623,261
Other receivables, net 390,094 663,968
Prepaid expenses and other current assets 2,003,072 1,785,007
Total current assets 64,667,233 55,664,841
Property and equipment, net of accumulated depreciation and amortization of $15,182,252 as of June 30, 2011 and $12,845,359 as of December 31, 2010 9,531,028 10,887,732
Marketable securities (Note 2) 19,423,215 30,302,428
Other assets 211,663 243,611
Goodwill 24,057,616 24,057,616
Other intangibles, net 5,945,820 6,725,462
Restricted cash (Note 2) 1,660,370 1,660,370
Total assets 125,496,945 129,542,060
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,989,671 2,455,894
Accrued expenses 5,776,037 8,239,064
Deferred revenue 20,162,444 17,431,381
Other current liabilities 335,187 184,328
Liabilities of discontinued operations 46 1,871
Total current liabilities 28,263,385 28,312,538
Deferred tax liability 288,000 288,000
Other liabilities 4,277,091 2,948,181
Total liabilities 32,828,476 31,548,719
Stockholders’ Equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized; 5,500 issued and outstanding as of June 30, 2011 and December 31, 2010; the aggregate liquidation preference totals $55,000,000 as of June 30, 2011 and December 31, 2010 55 55
Common stock; $0.01 par value; 100,000,000 shares authorized; 38,176,541 shares issued and 31,956,063 shares outstanding as of June 30, 2011, and 37,775,381 shares issued and 31,667,600 shares outstanding as of December 31, 2010 381,765 377,754
Additional paid-in capital 270,148,459 270,644,658
Accumulated other comprehensive income 115,416 331,311
Treasury stock at cost; 6,220,478 shares as of June 30, 2011 and 6,107,781 shares as of December 31, 2010 (10,800,371) (10,478,838)
Accumulated deficit (167,176,855) (162,881,599)
Total stockholders’ equity 92,668,469 97,993,341
Total liabilities and stockholders’ equity $ 125,496,945 $ 129,542,060