balance sheet

Consolidated Balance Sheet Data                          
                           
  2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Assets                          
                           
Current assets:                          
Cash and cash equivalents $3,595,076  $1,900,014  $951,563  $3,714,030  $7,965,994  $2,006,022  $5,805,912  $8,818,305  $10,221,124  $40,437,119  $80,703,890  $6,290,045  $4,451,175 
Cash collected on behalf of charities 211,717  235,553  358,531 
Marketable securities 721,880  6,325,310  10,366  1,923,905  4,480,500 
Accounts receivable (and sometimes ppd) 11,594,549  3,850,020  1,701,829  1,165,385  635,852  334,659  98,641  205,472  574,316  624,535  717,013  491,855  67,500 
Notes receivable from Officers 278,342  1,380,050 
Inventories 1,112,818  581,912  625,148  431,686 
Prepaid expenses 319,209  207,343  227,967  399,342  206,835  139,686  173,916 
Total current assets 15,508,834  5,957,377  2,881,359  5,218,757  8,808,681  2,480,367  6,800,349  15,560,804  12,422,153  43,392,513  83,969,356  11,694,086  4,518,675 
                           
Marketable equity securities 2,881,016  11,160,758 
Investment in Global Wave 735,509 
Property and equipment, net 507,247  237,237  408,440  682,512  419,724  754,153  1,435,053  2,286,876  2,542,765  4,291,228  5,201,869  2,680,874  1,342,229 
Intangible assets, net 953,333  2,895,000  1,750,000 
Goodwiill and acquisition intangibles, net of accumulated amortization 4,005,202 
Other assets 114,469  133,311  139,975  136,587  131,272  195,245  219,180  312,750  363,438  1,389,803  1,277,525  406,923  163,087 
Total assets 17,083,883  6,327,925  3,429,774  6,037,856  9,359,677  3,429,765  8,454,582  18,160,430  18,209,372  60,234,302  98,084,461  16,531,883  6,023,991 
                           
Liabilities and Stockholders' Equity                          
                           
Current liabilities:                          
Accounts payable and accrued expenses 4,399,579  4,441,657  7,655,834  3,253,320  3,035,349  3,089,150  2,900,064  2,836,524  3,404,377  5,807,878  7,870,009  6,823,643  3,477,803 
Due to charities 243,197  263,156  423,053 
Capital lease payable 66,770  61,857  63,537 
Deferred revenue 8,454,029  3,500,861  1,484,044  289,025  404,059  503,630  351,190  74,222  197,965  1,250,000 
Note payable 561,831 
Total current liabilities 12,920,378  8,004,375  9,203,415  3,542,345  3,439,408  3,592,780  3,251,254  3,153,943  3,667,533  6,428,896  7,870,009  6,823,643  5,289,634 
                           
Long-term liabilities                          
Long-term capital lease payable 116,734  183,505  245,362 
Long-term deferred revenue 1,350,000 
Warrants containing cash settlement provisions 493,128  991,851 
Undefined Long-term 2,794 
Total long-term liabilities 1,466,734  183,505  245,362  2,794  493,128  991,851 
Total liabilities 14,387,112  8,187,880  9,448,777  3,542,345  3,439,408  3,595,574  3,744,382  4,145,794  3,667,533  6,428,896  7,870,009  6,823,643  5,289,634 
                           
Stockholders' Equity:                          
Series K 5 
Series J 1 
Series I 2 
Series G 347,812 
Common Stock, $0.01 par value, Class A 813,317  752,110  588,780  497,443  422,038  311,139  253,925  223,760  172,573  166,655  156,837  131,486  102,277 
Common Stock, $0.01 par value, Class B 355  382  382  382  392  586  686  686  1,081  1,190  2,597  6,835  10,469 
Capital in excess of par value 354,042,031  345,423,668  338,081,691  325,481,336  309,029,938  284,269,292  271,173,411  262,836,047  247,459,713  244,666,676  229,054,779  100,130,752  65,144,541 
Assumulated deficit (352,158,932) (348,036,115) (344,689,864) (323,483,650) (303,532,099) (284,746,826) (267,184,364) (252,686,326) (233,091,528) (189,624,123) (140,923,066) (93,267,173) (65,214,601)
Accumulated other comprehensive income - unrealized gain on marketable securities 466,542  3,640,469  (1,404,992) 1,923,304 
Less: Note receivable from stockholder (154,160) (149,342)
Total stockholders’ equity 2,696,771  (1,859,955) (6,019,003) 2,495,511  5,920,269  (165,809) 4,710,200  14,014,636  14,541,839  53,805,406  90,214,452  9,708,240  241,156 
Total Liabilites and Stockholders' Equity $17,083,883  $6,327,925  $3,429,774  $6,037,856  $9,359,677  $3,429,765  $8,454,582  $18,160,430  $18,209,372  $60,234,302  $98,084,461  $16,531,883  $6,023,991 
                           

Tue May 31, 2011