Assets
With Comparative Totals for September 30, 2010
| |
2011
|
2010
|
Current Assets
|
|
|
Cash & Cash Equivalents
|
$ 6,890,634
|
$ 5,619,821
|
Certificates of Deposit
|
200,000
|
840,495
|
Accounts Receivable, Less Allowance for Doubtful Accounts of $83,712
|
719,572
|
614,102
|
Prepaid Expenses & Other Current Assets
|
402,790
|
767,591
|
Total Current Assets
|
8,212,996
|
7,842,009
|
Property and Equipment and Intangible Assets
|
|
|
Information Management Systems
|
705,021
|
705,021
|
Equipment
|
426,713
|
365,931
|
Furniture and Fixtures
|
193,946
|
191,937
|
Computer Software
|
309,089
|
190,476
|
Equipment Under Capital Lease, Before Accumulated Amortization of $46,767
|
104,735
|
104,735
|
Leasehold Improvements
|
152,684
|
95,406
|
Intangible Assets
|
129,915
|
14,915
|
|
2,022,103
|
1,668,421
|
Less Accumulated Depreciation and Amortization
|
(1,007,793)
|
(857,279)
|
Net Property and Equipment
|
1,014,310
|
811,142
|
Total Assets
|
$ 9,227,306
|
$ 8,653,151
|
Liabilities and Net Assets
Current Liabilities
|
|
|
Accrued Expenses and Other Current Liabilities
|
$ 655,271
|
$ 1,044,897
|
Capital Lease Payable - Current Portion
|
16,908
|
14,440
|
Deferred Revenues
|
3,870,479
|
3,828,603
|
Total Current Liabilities
|
4,542,658
|
4,887,940
|
Long-Term Liabilities
|
|
|
Capital Lease Payable - Net of Current Portion
|
49,366
|
66,273
|
Deferred Rent Payable
|
142,868
|
176,433
|
Total Long-Term Liabilities
|
192,234
|
242,706
|
Total Liabilities
|
4,734,892
|
5,130,646
|
Net Assets
|
|
|
Unrestricted
|
4,461,761
|
3,490,962
|
Temporarily Restricted
|
30,653
|
31,543
|
Total Net Assets
|
4,492,414
|
3,522,505
|
Total Liabilities and Net Assets
|
$ 9,227,306
|
$ 8,653,151
|
See accompanying Notes to Financial Statements.