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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents (Note 3) $ 29,817,517 $ 23,845,360
Marketable securities (Note 3) 17,045,356 18,096,091
Accounts receivable, net of allowance for doubtful accounts of $195,292 as of March 31, 2013 and $165,291 as of December 31, 2012 4,990,607 5,750,753
Other receivables, net 886,538 1,134,142
Prepaid expenses and other current assets 1,270,987 1,450,742
Total current assets 54,011,005 50,277,088
Property and equipment, net of accumulated depreciation and amortization of $14,798,360 as of March 31, 2013 and $14,633,037 as of December 31, 2012 5,306,110 5,672,000
Marketable securities (Note 3) 12,149,600 17,298,227
Other assets 27,006 69,957
Goodwill 25,726,239 25,726,239
Other intangibles, net of accumulated amortization of $7,077,177 as of March 31, 2013 and $6,699,283 as of December 31, 2012 10,810,113 11,190,557
Restricted cash (Note 3) 1,301,000 1,301,000
Total assets 109,331,073 111,535,068
Current Liabilities:    
Accounts payable 2,440,528 3,813,955
Accrued expenses 4,812,138 5,921,152
Deferred revenue 22,382,355 21,080,759
Other current liabilities 623,782 632,618
Total current liabilities 30,258,803 31,448,484
Deferred tax liability 288,000 288,000
Other liabilities 4,301,819 4,340,749
Total liabilities 34,848,622 36,077,233
Stockholders’ Equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized; 5,500 issued and outstanding as of March 31, 2013 and December 31, 2012; the aggregate liquidation preference totals $55,000,000 as of March 31, 2013 and December 31, 2012 55 55
Common stock; $0.01 par value; 100,000,000 shares authorized; 40,369,452 shares issued and 33,474,123 shares outstanding as of March 31, 2013, and 39,855,468 shares issued and 33,027,752 shares outstanding as of December 31, 2012 403,695 398,555
Additional paid-in capital 271,751,728 270,943,151
Accumulated other comprehensive income (50,344) (128,994)
Treasury stock at cost; 6,895,329 shares as of March 31, 2013 and 6,827,716 shares as of December 31, 2012 (12,099,328) (11,974,261)
Accumulated deficit (185,523,355) (183,780,671)
Total stockholders’ equity 74,482,451 75,457,835
Total liabilities and stockholders’ equity $ 109,331,073 $ 111,535,068