$NWCN
NETWORK CN INC

2012 Q4 Form 10-Q Financial Statement

#000121465912005032 Filed on November 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q4
Revenue $540.0K $356.5K $620.0K
YoY Change -12.9% -22.3% 67.57%
Cost Of Revenue $490.0K $350.0K $290.0K
YoY Change 68.97% 34.62% 52.63%
Gross Profit $50.00K $9.239K $330.0K
YoY Change -84.85% -95.44% 83.33%
Gross Profit Margin 9.26% 2.59% 53.23%
Selling, General & Admin $820.0K $379.6K $570.0K
YoY Change 43.86% -28.4% -14.93%
% of Gross Profit 1640.0% 4108.15% 172.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.00K $60.00K $60.00K
YoY Change 16.67% 0.0% 0.0%
% of Gross Profit 140.0% 649.42% 18.18%
Operating Expenses $780.0K $379.6K $570.0K
YoY Change 36.84% -28.4% 147.83%
Operating Profit -$730.0K -$370.3K -$240.0K
YoY Change 204.17% 13.11% 380.0%
Interest Expense -$350.0K $35.03K -$170.0K
YoY Change 105.88% 177.93% 13.33%
% of Operating Profit
Other Income/Expense, Net $0.00 $6.311K $0.00
YoY Change -90.75% -100.0%
Pretax Income -$1.080M -$664.8K -$400.0K
YoY Change 170.0% 57.9% 90.48%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.080M -$664.8K -$400.0K
YoY Change 170.0% 57.9% 90.48%
Net Earnings / Revenue -200.0% -186.48% -64.52%
Basic Earnings Per Share
Diluted Earnings Per Share -$166.4K -$102.0K -$63.59K
COMMON SHARES
Basic Shares Outstanding 96.90M 97.02M shares 96.50M
Diluted Shares Outstanding 97.02M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $50.00K $70.00K
YoY Change -71.43% -64.29% -75.86%
Cash & Equivalents $21.01K $49.74K $65.62K
Short-Term Investments $0.00
Other Short-Term Assets $750.0K $200.0K $410.0K
YoY Change 82.93% -44.44% -38.81%
Inventory
Prepaid Expenses $108.1K $107.2K $155.1K
Receivables $719.0K $56.20K $146.1K
Other Receivables $1.530M $1.510M $1.520M
Total Short-Term Assets $1.483M $313.3K $619.8K
YoY Change 139.32% -47.46% -54.71%
LONG-TERM ASSETS
Property, Plant & Equipment $256.1K $320.8K $363.6K
YoY Change -29.56% -24.62% -36.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $256.1K $320.8K $363.6K
YoY Change -29.56% -24.62% -40.01%
TOTAL ASSETS
Total Short-Term Assets $1.483M $313.3K $619.8K
Total Long-Term Assets $256.1K $320.8K $363.6K
Total Assets $1.740M $634.1K $983.4K
YoY Change 76.88% -37.95% -50.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $744.4K $32.66K
YoY Change -96.92%
Accrued Expenses $2.140M $1.320M $870.0K
YoY Change 145.98%
Deferred Revenue
YoY Change
Short-Term Debt $741.8K $474.4K
YoY Change
Long-Term Debt Due $10.00K $10.00K $4.810M
YoY Change -99.79% -99.79%
Total Short-Term Liabilities $3.529M $2.103M $6.040M
YoY Change -41.57% -63.36% 405.5%
LONG-TERM LIABILITIES
Long-Term Debt $2.240M $1.940M $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.243M $1.937M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.529M $2.103M $6.040M
Total Long-Term Liabilities $2.243M $1.937M
Total Liabilities $5.772M $4.039M $6.040M
YoY Change -4.44% -29.61% 9.83%
SHAREHOLDERS EQUITY
Retained Earnings -$127.9M -$126.8M -$126.7M
YoY Change 0.96% 0.42% 1.69%
Common Stock $103.6K $96.80K $96.50K
YoY Change 7.36% 14.56% 14.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.032M -$3.405M -$5.056M
YoY Change
Total Liabilities & Shareholders Equity $1.740M $634.1K $983.4K
YoY Change 76.88% -37.95% -50.2%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q4
OPERATING ACTIVITIES
Net Income -$1.080M -$664.8K -$400.0K
YoY Change 170.0% 57.9% 90.48%
Depreciation, Depletion And Amortization $70.00K $60.00K $60.00K
YoY Change 16.67% 0.0% 0.0%
Cash From Operating Activities -$250.0K $100.0K -$250.0K
YoY Change 0.0% -147.62% -16.67%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$10.00K
YoY Change -100.0% -100.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $50.00K
YoY Change -100.0% -100.0% 0.0%
Cash From Investing Activities $0.00 $0.00 $50.00K
YoY Change -100.0% -100.0% 66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 220.0K -130.0K 130.0K
YoY Change 69.23%
NET CHANGE
Cash From Operating Activities -250.0K 100.0K -250.0K
Cash From Investing Activities 0.000 0.000 50.00K
Cash From Financing Activities 220.0K -130.0K 130.0K
Net Change In Cash -30.00K -30.00K -70.00K
YoY Change -57.14% -83.33% -74.07%
FREE CASH FLOW
Cash From Operating Activities -$250.0K $100.0K -$250.0K
Capital Expenditures $0.00 $0.00 -$10.00K
Free Cash Flow -$250.0K $100.0K -$240.0K
YoY Change 4.17% -150.0% -14.29%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
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us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
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us-gaap Interest And Debt Expense
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dei Amendment Flag
AmendmentFlag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000934796
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
NETWORK CN INC.
CY2012Q3 nwcn Allowancefor Doubtful Other Debts Current
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CY2011Q3 nwcn Amortization Of Prepayments For Advertising Operating Rights
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nwcn Amortization Of Prepayments For Advertising Operating Rights
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nwcn Amortization Of Prepayments For Advertising Operating Rights
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nwcn Gain From Write Off Of Long Aged Payables
GainFromWriteOffOfLongAgedPayables
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nwcn Gain From Write Off Of Long Aged Payables
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nwcn Increase Decrease In Prepayments For Advertising Operating Rights
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nwcn Increase Decrease In Prepayments For Advertising Operating Rights
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nwcn Repayments Of Directors Loans
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us-gaap Comparability Of Prior Year Financial Data
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> (X) Reclassifications</div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> Certain amounts reported for prior year have been reclassified to conform to the current year&#39;s presentation.</div> <!--EndFragment--></div> </div>
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us-gaap Concentration Risk Credit Risk
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> (U) Concentration of Credit Risk</div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> <br /> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> The Company places its cash with various financial institutions. The Company believes that no significant credit risk exists as these cash investments are made with high-credit-quality financial institutions.</div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> <br /> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> All the revenue of the Company and a significant portion of the Company&#39;s assets are generated and located in China. The Company&#39;s business activities and accounts receivable are mainly from advertising services. Deposits are usually collected from customers in advance and the Company performs ongoing credit evaluation of its customers. The Company believes that no significant credit risk exists as credit loss.</div> <!--EndFragment--></div> </div>
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us-gaap Depreciation Depletion And Amortization
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us-gaap Gains Losses On Extinguishment Of Debt
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CY2012Q3 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Gross Profit
GrossProfit
320900 USD
us-gaap Gross Profit
GrossProfit
354011 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-664759 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-129812 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-420990 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-1697723 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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431024 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-229041 USD
us-gaap Increase Decrease In Accounts Receivable
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-89938 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-295308 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-33074 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-221581 USD
CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
CY2011Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
CY2012Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
CY2011Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
12603 USD
us-gaap Interest Expense
InterestExpense
37397 USD
CY2012Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
21346 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
44192 USD
CY2011Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
USD
us-gaap Interest Paid
InterestPaid
32313 USD
us-gaap Interest Paid
InterestPaid
24932 USD
CY2012Q3 us-gaap Interest Payable Current
InterestPayableCurrent
63702 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
12603 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
38 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
140 USD
CY2011Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
85 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
174 USD
CY2012Q3 us-gaap Liabilities
Liabilities
4039236 USD
CY2011Q4 us-gaap Liabilities
Liabilities
6039862 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
634095 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
983444 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2102561 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6039862 USD
CY2012Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1936675 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6311 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1888474 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
68233 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-136967 USD
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
379552 USD
us-gaap Operating Expenses
OperatingExpenses
1544679 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
487405 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
96154 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-166947 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
22949 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-331310 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-143505 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-664759 USD
us-gaap Net Income Loss
NetIncomeLoss
-129812 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-420990 USD
us-gaap Net Income Loss
NetIncomeLoss
-1697723 USD
CY2011Q3 us-gaap Operating Expenses
OperatingExpenses
530103 USD
us-gaap Operating Expenses
OperatingExpenses
1441269 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-370313 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1223779 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-327400 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
326804 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
48632 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
131476 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
146696 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
48632 USD
CY2012Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
401142 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
328040 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-4912 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-9309 USD
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
4132 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
14103 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4912 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-9309 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4132 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14103 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6273 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10740 USD
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
68148 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-137141 USD
CY2012Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
333 USD
CY2011Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
274 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
170141 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25402 USD
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
160350 USD
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
USD
CY2012Q3 us-gaap Prepaid Advertising
PrepaidAdvertising
47030 USD
CY2011Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
182969 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
193424 USD
CY2012Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
107211 USD
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
155075 USD
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
57692 USD
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
USD
us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
48351 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3194 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
819487 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
320770 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
363596 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
3941 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
345128 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-126848864 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-126719052 USD
CY2012Q3 us-gaap Security Deposit
SecurityDeposit
54881 USD
CY2011Q4 us-gaap Security Deposit
SecurityDeposit
40168 USD
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
44600 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
229906 USD
CY2011Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
126434 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
370359 USD
us-gaap Share Based Compensation
ShareBasedCompensation
69540 USD
us-gaap Share Based Compensation
ShareBasedCompensation
338243 USD
CY2012Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
474359 USD
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
-3405141 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-5056418 USD
CY2011Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio
StockholdersEquityNoteStockSplitConversionRatio
0.2
us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> (C) Use of Estimates</div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> <br /> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: justify; TEXT-INDENT: 0pt"> In preparing unaudited condensed consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Differences from those estimates are reported in the period they become known and are disclosed to the extent they are material to the unaudited condensed consolidated financial statements taken as a whole.</div> <!--EndFragment--></div> </div>
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97020771
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96768572
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84504467
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84504467
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
97020771
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
96768572
CY2011Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
84504467
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
84504467
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97020771
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96768572
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84504467
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84504467

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