Tucows 2014 Annual Report Download - page 150
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Tucows Inc.
Consolidated Balance Sheets
(Dollar amounts in U.S. dollars)
December 31, December 31,
2014 2013
Assets
Current assets:
Cash and cash equivalents $ 8,271,377 $ 12,418,888
Accounts receivable, net of allowance for doubtful accounts of $125,766 as of
December 31, 2014 and $91,226 as of December 31, 2013 6,789,685 5,305,403
Inventory 393,774 309,686
Prepaid expenses and deposits 3,697,292 4,309,039
Prepaid domain name registry and ancillary services fees, current portion 44,614,858 44,209,591
Other assets (note 3) 8,199,000 -
Deferred tax asset, current portion (note 9) 2,498,196 1,081,526
Income taxes recoverable 997 475,889
Total current assets 74,465,179 68,110,022
Prepaid domain name registry and ancillary services fees, long-term portion 11,764,765 11,838,579
Property and equipment (note 4) 1,609,787 1,757,836
Deferred tax asset, long-term portion (note 9) 4,880,423 5,370,037
Intangible assets (note 5) 14,202,585 15,403,228
Goodwill (note 5) 18,873,127 18,873,127
Total assets $ 125,795,866 $ 121,352,829
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 3,579,920 $ 2,361,481
Accrued liabilities 3,941,549 3,913,034
Customer deposits 4,461,727 4,500,946
Derivative instrument liability, current portion (note 7) 1,115,805 491,098
Loan payable (note 8) - 6,300,000
Deferred revenue, current portion 55,495,566 54,379,719
Accreditation fees payable, current portion 466,201 473,811
Income taxes payable (note 9) 473,480 1,024,004
Total current liabilities 69,534,248 73,444,093
Deferred revenue, long-term portion 15,610,753 15,638,517
Accreditation fees payable, long-term portion 128,243 135,522
Deferred rent, long-term portion 92,878 75,979
Deferred tax liability, long-term portion (note 9) 4,787,351 5,141,500
Stockholders' equity (note 10)
Preferred stock - no par value, 1,250,000 shares authorized; none issued and
outstanding --
14,130,059 11,859,267
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