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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 39,625,879 $ 23,845,360
Marketable securities 9,576,760 18,096,091
Accounts receivable, net of allowance for doubtful accounts of $194,537 as of September 30, 2013 and $165,291 as of December 31, 2012 4,275,053 5,750,753
Other receivables, net 367,618 1,134,142
Prepaid expenses and other current assets 1,608,459 1,450,742
Total current assets 55,453,769 50,277,088
Property and equipment, net of accumulated depreciation and amortization of $15,599,302 as of September 30, 2013 and $14,633,037 as of December 31, 2012 4,679,286 5,672,000
Marketable securities 7,858,120 17,298,227
Other assets 12,197 69,957
Goodwill 27,997,286 25,726,239
Other intangibles, net of accumulated amortization of $7,912,147 as of September 30, 2013 and $6,699,283 as of December 31, 2012 11,085,143 11,190,557
Restricted cash 1,301,000 1,301,000
Total assets 108,386,801 111,535,068
Current Liabilities:    
Accounts payable 2,121,205 3,813,955
Accrued expenses 4,110,176 5,921,152
Deferred revenue 23,300,954 21,080,759
Other current liabilities 783,462 632,618
Total current liabilities 30,315,797 31,448,484
Deferred tax liability 288,000 288,000
Other liabilities 4,087,449 4,340,749
Total liabilities 34,691,246 36,077,233
Stockholders’ Equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized; 5,500 issued and outstanding as of September 30, 2013 and December 31, 2012; the aggregate liquidation preference totals $55,000,000 as of September 30, 2013 and December 31, 2012 55 55
Common stock; $0.01 par value; 100,000,000 shares authorized; 40,803,091 shares issued and 33,902,028 shares outstanding as of September 30, 2013, and 39,855,468 shares issued and 33,027,752 shares outstanding as of December 31, 2012 408,031 398,555
Additional paid-in capital 273,341,774 270,943,151
Accumulated other comprehensive income (164,968) (128,994)
Treasury stock at cost; 6,901,063 shares as of September 30, 2013 and 6,827,716 shares as of December 31, 2012 (12,110,108) (11,974,261)
Accumulated deficit (187,779,229) (183,780,671)
Total stockholders’ equity 73,695,555 75,457,835
Total liabilities and stockholders’ equity $ 108,386,801 $ 111,535,068