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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 129,511,530 $ 157,170,761
Held-to-maturity securities 17,299,116  
Trading securities 7,754,630 20,276
Loans to third party 22,187,307  
Accounts receivables, net of allowance of $nil and $222,007 as of December 31, 2010 and 2011 19,902,975 21,793,956
Prepaid expenses and other current assets 4,146,025 5,979,068
Total current assets 200,801,583 184,964,061
Rental deposits 511,152 584,292
Property and equipment, net 3,620,279 3,738,598
Goodwill 72,967,109 87,705,675
Acquired intangible assets, net 2,347,891 4,452,688
Total assets 280,248,014 281,445,314
Current liabilities    
Accounts payable (including account payable of the consolidated variable interest entities ("VIEs") without recourse to the Company of $9,870,853 and $15,343,859 as of December 31, 2010 and 2011, respectively) 15,347,033 9,909,704
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Company of $6,925,533 and $7,852,121 as of December 31, 2010 and 2011, respectively) 9,489,794 48,084,857
Deferred revenue (including deferred revenue of the consolidated VIEs without recourse to the Company of $564,812and $2,796,228 as of December 31, 2010and 2011, respectively) 4,043,619 2,549,820
Income tax payable (including income tax payable of the consolidated VIEs without recourse to the Company of $1,056,443 and $nil as of December 31, 2010 and 2011, respectively) 3,645,583 2,930,337
Total current liabilities 32,526,029 63,474,718
Commitments and contingencies (Note 21)      
Convertible senior note, net of discount due to beneficial conversion feature 1,272,619 3,552,716
Non-current deferred tax liability (including non-current deferred tax liability of the consolidated VIEs without recourse to the Company of $477,457and $271,622 as of December 31, 2010 and 2011, respectively) 271,622 477,457
Total liabilities 34,070,270 67,504,891
Ordinary shares ($0.0000005 par value; 1,000,000,000,000 shares authorized, 1,510,906,573 and 1,661,939,143 shares issued and outstanding as of December 31, 2010 and 2011, respectively) 829 755
Additional paid-in capital 131,140,682 105,120,495
Warrant 677,332 677,332
Accumulated other comprehensive income 46,186,277 32,314,355
Statutory reserve 10,341,491 9,392,790
Retained earnings 57,831,133 66,434,696
Total shareholders' equity 246,177,744 213,940,423
Total liabilities and shareholders' equity $ 280,248,014 $ 281,445,314