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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating activities:        
Net income for the period $ 2,284,995 $ 1,347,182 $ 5,118,938 $ 1,824,021
Items not involving cash:        
Depreciation of property and equipment 341,951 226,501 600,855 465,779
Amortization of intangible assets 68,529 219,030 125,668 438,060
Impairment of indefinite life intangible asset 37,805 326,457 50,298 577,145
Deferred income taxes recovery (801,919) (415,246) (966,169) (758,477)
Excess tax benefits from share-based compensation expense   594,899   (418,901)
Amortization of deferred rent 13,039 9,168 10,547 12,380
Disposal of domain names 11,357 7,247 17,685 8,869
Loss (gain) on change in the fair value of forward contracts (97,451) (192,460) 61,342 (105,314)
Stock-based compensation 124,605 85,357 249,653 186,334
Change in non-cash operating working capital:        
Accounts receivable (1,088,453) (350,806) (1,257,038) (1,613,727)
Inventory (45,294) 28,293 (158,444) (171,454)
Prepaid expenses and deposits (592,614) (259,698) (1,892,392) (626,534)
Prepaid domain name registry and ancillary services fees (755,932) (606,215) (2,218,776) (2,421,898)
Income taxes recoverable 121,248 (133,242) 783,016 (566,543)
Accounts payable (109,990) (866,473) 7,576 803,942
Accrued liabilities 1,169,753 253,027 1,110,533 (169,371)
Customer deposits 589,361 16,054 452,918 (13,075)
Deferred revenue 983,586 867,445 3,045,096 3,616,378
Accreditation fees payable (18,981) (21,755) 32,046 28,332
Net cash provided by operating activities 2,235,595 1,134,765 5,173,352 1,095,946
Financing activities:        
Proceeds received on exercise of stock options 299,472 130,782 547,455 1,041,863
Excess tax benefits from share-based compensation expense 676,060   1,088,702 1,013,800
Repurchase of common stock (489,536)   (8,201,681) (82,286)
Proceeds received on loan payable     3,500,000  
Repayment of loan payable   (325,000)   (941,667)
Net cash provided by / (used in) financing activities 485,996 (194,218) (3,065,524) 1,031,710
Investing activities:        
Additions to property and equipment (1,149,020) (313,281) (1,340,782) (382,026)
Gross proceeds from the waiver of rights to .online registry     6,619,832  
Net cash provided by (used in) investing activities (1,099,020) (313,281) 4,921,557 (382,026)
Increase in cash and cash equivalents 1,622,571 627,266 7,029,385 1,745,630
Cash and cash equivalents, beginning of period 13,678,191 13,537,252 8,271,377 12,418,888
Cash and cash equivalents, end of period 15,300,762 14,164,518 15,300,762 14,164,518
Supplemental cash flow information:        
Interest paid 57,409 69,437 96,302 143,386
Income taxes paid, net 1,380,448 588,916 1,944,470 1,258,540
Supplementary disclosure of non-cash investing and financing activities:        
Property and equipment acquired during the period not yet paid for 70,577 $ 19,637 70,577 $ 19,637
Ting Virginia, LLC [Member]        
Investing activities:        
Additional cost of acquisition of Ting Virginia, LLC., net of cash of $21,423 $ 50,000   $ (357,493)