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Accrued expenses
6 Months Ended
Jun. 30, 2013
Accrued expenses  
Accrued expenses

12. Accrued expenses

 

 

 

As of
June 30,
2013

 

As of
December 31,
2012

 

Bonus

 

$

479,559

 

$

852,274

 

Professional fees

 

160,989

 

1,095,526

 

Gift card liabilities

 

228,456

 

778,237

 

Deferred income (*)

 

390,413

 

292,001

 

Other (**)

 

1,760,245

 

2,280,751

 

Total accrued expenses

 

$

3,019,662

 

$

5,298,789

 

 

 

(*) Deferred income will be recognized as revenue ratably over the next 12 months.  As of June 30, 2013, included in the balance sheet classification “Long-term portion of capital leases liability and other long-term liabilities” is the non-current portion of deferred income in the amount of $0.5 million.  The non-current deferred income balance as of December 31, 2012 is zero.

 

(**) No amounts included in “Other” exceed 10% of total current liabilities.