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Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 6,002,457 $ 7,671,963
Restricted cash 2,517,616 1,941,909
Accounts receivable, net of allowances of $1.5 million and $1.4 million, respectively, as of December 31, 2012 and 2011 5,585,815 4,768,040
Prepaid expenses and other assets 2,395,137 947,043
Total current assets 16,501,025 15,328,955
Other assets:    
Restricted cash 669,406 659,958
Property and equipment, net 1,396,154 1,223,562
Software development costs, net 4,776,320 4,978,002
Intangible assets, net 3,289,590 799,648
Goodwill 347,599  
Security deposits and other assets 338,408 213,230
Deferred IPO costs   1,650,789
Total other assets 10,817,477 9,525,189
Total assets 27,318,502 24,854,144
Current liabilities:    
Accounts payable 889,118 993,872
Accrued expenses 5,298,789 2,482,255
Due to merchants 2,546,140 2,137,064
Current portion of capital leases 337,588 247,257
Total current liabilities 9,071,635 5,860,448
Long-term liabilities:    
Long-term portion of capital leases and other long-term liabilities 364,010 248,730
Total long-term liabilities 364,010 248,730
Total liabilities 9,435,645 6,109,178
Commitments and contingencies (Note 8)      
Stockholders' equity:    
Convertible preferred stock-10,000,000 shares authorized as of December 31, 2012 and 4,000,000 shares authorized as of December 31, 2011, $0.01 par value: Series A-2,243,750 issued and outstanding as of December 31, 2012 and 2011; $8,975,000 aggregate liquidation preference 22,438 22,438
Common stock-250,000,000 shares authorized as of December 31, 2012 and 80,000,000 shares authorized as of December 31, 2011, $0.01 par value, and 53,658,857 and 51,764,405 shares issued and outstanding as of December 31, 2012 and 2011, respectively 536,589 517,644
Additional paid-in capital 97,576,498 94,083,901
Warrants 1,622,651 1,622,651
Accumulated other comprehensive gain (loss) 37,925 (40,729)
Accumulated deficit (81,913,244) (77,460,939)
Total stockholders' equity 17,882,857 18,744,966
Total liabilities and stockholders' equity $ 27,318,502 $ 24,854,144