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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 49,958,339 $ 45,443,759
Accounts receivable, net of allowance for doubtful accounts of $237,138 as of March 31, 2014 and $202,207 as of December 31, 2013 3,657,421 4,502,344
Marketable securities 8,184,460 9,426,875
Other receivables, net 445,960 299,687
Prepaid expenses and other current assets 1,216,283 1,167,029
Restricted cash 139,750 139,750
Total current assets 63,602,213 60,979,444
Property and equipment, net of accumulated depreciation and amortization of $16,349,181 as of March 31, 2014 and $16,035,351 as of December 31, 2013 4,427,359 4,400,404
Marketable securities 1,500,000 3,670,860
Other assets 43,054 21,800
Goodwill 27,997,286 27,997,286
Other intangibles, net of accumulated amortization of $7,416,801 as of March 31, 2014 and $6,994,772 as of December 31, 2013 10,250,629 10,662,983
Restricted cash 1,161,250 1,161,250
Total assets 108,981,791 108,894,027
Current Liabilities:    
Accounts payable 2,895,948 2,352,521
Accrued expenses 3,582,969 4,338,423
Deferred revenue 23,837,275 22,122,763
Other current liabilities 998,546 957,741
Total current liabilities 31,314,738 29,771,448
Deferred tax liability 288,000 288,000
Other liabilities 4,916,074 4,671,421
Total liabilities 36,518,812 34,730,869
Stockholders’ Equity    
Preferred stock; $0.01 par value; 10,000,000 shares authorized; 5,500 issued and outstanding as of March 31, 2014 and December 31, 2013; the aggregate liquidation preference totals $55,000,000 as of March 31, 2014 and December 31, 2013 55 55
Common stock; $0.01 par value; 100,000,000 shares authorized; 41,383,501 shares issued and 34,357,273 shares outstanding as of March 31, 2014, and 41,058,246 shares issued and 34,044,339 shares outstanding as of December 31, 2013 413,835 410,582
Additional paid-in capital 273,426,423 273,861,536
Accumulated other comprehensive loss (286,594) (178,183)
Treasury stock at cost; 7,026,228 shares as of March 31, 2014 and 7,013,907 shares as of December 31, 2013 (12,398,243) (12,364,460)
Accumulated deficit (188,692,497) (187,566,372)
Total stockholders’ equity 72,462,979 74,163,158
Total liabilities and stockholders’ equity $ 108,981,791 $ 108,894,027