RESTRUCTURING AND OTHER CHARGES

6 Months Ended

Jun. 30, 2012

Restructuring and Related Activities Disclosure [Text Block]

10. RESTRUCTURING AND OTHER CHARGES

          In March 2009, the Company announced and implemented a reorganization plan, including an approximate 8% reduction in the Company’s workforce, to align the Company’s resources with its strategic business objectives. Additionally, effective March 21, 2009, the Company’s then Chief Executive Officer tendered his resignation, effective May 8, 2009, the Company’s then Chief Financial Officer tendered his resignation, and in December 2009, the Company sold its Promotions.com subsidiary and entered into negotiations to sublease certain office space maintained by Promotions.com. As a result of these activities, the Company incurred restructuring and other charges from continuing operations of approximately $3.5 million during the year ended December 31, 2009 (the “2009 Restructuring”).

          The following table displays the activity of the 2009 Restructuring reserve account during the six months ended June 30, 2012 and 2011:

	For the Six Months Ended June 30,
	2012		2011
Beginning balance	$	674,365	$	844,761
Payments		64,635		56,764
Ending balance	$	609,730	$	787,997

          In December 2011, the Company announced a management transition under which the Company’s chief executive officer would step down from his position by March 31, 2012. Additionally, in December 2011, a senior vice president separated from the Company. As a result of these activities, the Company incurred restructuring and other charges from continuing operations of approximately $1.8 million during the year ended December 31, 2011 (the “2011 Restructuring”).

          The following table displays the activity of the 2011 Restructuring reserve account during the six months ended June 30, 2012:

Beginning balance	$	1,178,647
Payments		1,072,549
Ending balance	$	106,098

          During the six months ended June 30, 2012, the Company implemented a targeted reduction in force and committed to terminate use of certain vendor services and assets reflecting previously capitalized costs. The actions were taken after a review of the Company’s cost structure with the goal of better aligning the cost structure with the Company’s revenue base. As a result of these activities, the Company incurred restructuring and other charges from continuing operations of approximately $3.0 million (the “2012 Restructuring”).

          The following table displays the activity of the 2012 Restructuring reserve account during the six months ended June 30, 2012:

	Workforce reduction			Asset write-off			Termination of vendor services			Total
Restructuring charge Q1 2012	$	796,927		$	627,802		$	288,769		$	1,713,498
Noncash deductions		—			(627,802	)		(220,178	)		(847,980	)
Payments		(27,367	)		—			—			(27,367	)
Balance 3/31/12		769,560			—			68,591			838,151
Restructuring charge Q2 2012		897,322			326,500			56,373			1,280,195
Noncash deductions		(222,215	)		(326,500	)		—			(548,715	)
Payments		(694,454	)		—			(29,396	)		(723,850	)
Balance 6/30/12	$	750,213		$	—		$	95,568		$	845,781