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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,969,733 $ 6,408,209
Accounts receivable, net of allowance for doubtful accounts of $72,980 as of September 30, 2012 and $57,415 as of December 31, 2011 4,826,776 3,880,184
Prepaid expenses and deposits 5,216,617 3,961,905
Derivative instrument asset, current portion (note 7) 468,675  
Prepaid domain name registry and ancillary services fees, current portion 46,467,392 43,209,033
Income taxes recoverable 434,666 867,093
Total current assets 62,383,859 58,326,424
Derivative instrument asset, long-term portion (note 7)   87,023
Prepaid domain name registry and ancillary services fees, long-term portion 12,734,182 12,600,154
Property and equipment 1,413,952 1,437,564
Deferred financing charges   2,300
Deferred tax asset, long-term portion (note 8) 6,674,517 6,880,377
Intangible assets (note 5) 16,683,253 17,482,590
Goodwill 18,873,127 18,873,127
Total assets 118,762,890 115,689,559
Current liabilities:    
Accounts payable 1,716,725 1,051,115
Accrued liabilities 2,219,377 2,081,968
Customer deposits 4,265,716 4,202,899
Derivative instrument liability, current portion (note 7) 13,011 781,027
Loan payable, current portion (note 6) 4,000,000 850,000
Deferred revenue, current portion 56,780,763 52,683,546
Accreditation fees payable, current portion 536,377 555,869
Deferred tax liability, current portion (note 8) 1,090,959 880,008
Income taxes payable 192,716 158,258
Total current liabilities 70,815,644 63,244,690
Derivative instrument liability, long-term portion (note 7)   5,479
Deferred revenue, long-term portion 16,534,807 16,492,155
Accreditation fees payable, long-term portion 148,893 156,061
Deferred rent, long-term portion 47,945 26,487
Deferred tax liability, long-term portion (note 8) 5,262,000 5,345,700
Stockholders' equity (note 13)    
Preferred stock - no par value, 1,250,000 shares authorized; none issued and outstanding 0 0
Common stock - no par value, 250,000,000 shares authorized; 44,249,184 shares issued and outstanding as of September 30, 2012 and 53,497,584 shares issued and outstanding as of December 31, 2011 10,005,229 11,358,959
Additional paid-in capital 33,887,740 40,994,013
Deficit (17,939,368) (21,933,985)
Total stockholders' equity 25,953,601 30,418,987
Total liabilities and stockholders' equity $ 118,762,890 $ 115,689,559