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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 45,443,759 $ 23,845,360
Accounts receivable, net of allowance for doubtful accounts of $202,207 as of December 31, 2013 and $165,291 as of December 31, 2012 4,502,344 5,750,753
Marketable securities 9,426,875 18,096,091
Other receivables 299,687 1,134,142
Prepaid expenses and other current assets 1,167,029 1,450,742
Restricted cash 139,750  
Total current assets 60,979,444 50,277,088
Property and equipment, net of accumulated depreciation and amortization of $16,035,351 as of December 31, 2013 and $14,633,037 as of December 31, 2012 4,400,404 5,672,000
Marketable securities 3,670,860 17,298,227
Other assets 21,800 69,957
Goodwill 27,997,286 25,726,239
Other intangibles, net of accumulated amortization of $6,994,772 as of December 31, 2013 and $6,699,283 as of December 31, 2012 10,662,983 11,190,557
Restricted cash 1,161,250 1,301,000
Total assets 108,894,027 111,535,068
Current Liabilities:    
Accounts payable 2,352,521 3,813,955
Accrued expenses 4,338,423 5,921,152
Deferred revenue 22,122,763 21,080,759
Other current liabilities 957,741 632,618
Total current liabilities 29,771,448 31,448,484
Deferred tax liability 288,000 288,000
Other liabilities 4,671,421 4,340,749
Total liabilities 34,730,869 36,077,233
Stockholders’ Equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized; 5,500 issued and outstanding as of December 31, 2013 and December 31, 2012; the aggregate liquidation preference as of December 31, 2013 and December 31, 2012 totals $55,000,000 55 55
Common stock; $0.01 par value; 100,000,000 shares authorized; 41,058,246 shares issued and 34,044,339 shares outstanding as of December 31, 2013, and 39,855,468 shares issued and 33,027,752 shares outstanding as of December 31, 2012 410,582 398,555
Additional paid-in capital 273,861,536 270,943,151
Accumulated other comprehensive loss (178,183) (128,994)
Treasury stock at cost 7,013,907 shares as of December 31, 2013 and 6,827,716 shares as of December 31, 2012 (12,364,460) (11,974,261)
Accumulated deficit (187,566,372) (183,780,671)
Total stockholders’ equity 74,163,158 75,457,835
Total liabilities and stockholders’ equity $ 108,894,027 $ 111,535,068