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Total current assets 27,674,022 35,387,562
Property and equipment, net 6,084,611 6,070,226
Restricted cash 475,000 475,000
Other assets 250,047 848,446
Total assets $34,483,680 $42,781,234
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Capital lease obligations and notes
payable, current portion $305,538 $216,841
Accounts payable 966,346 1,120,894
Accrued expenses 2,372,604 2,420,837
Accrued compensation 694,165 941,300
Deferred revenue, current portion 1,916,669 4,864,833
Total current liabilities 6,255,322 9,564,705
Capital lease obligations and notes
payable, net of current portion 295,583 275,126
Deferred rent, net of current portion 1,849,125 1,966,628
Deferred revenue, net of current portion 7,222,220 12,443,087
Total liabilities 15,622,250 24,249,546
Stockholders' equity:
Preferred stock of $.01 par value -
authorized 10,000,000 shares; Series A
Convertible; issued and outstanding 4,997
shares as of September 30, 2007 and
June 30, 2007 50 50
Common stock of $.01 par value -
authorized 150,000,000 shares; issued and
outstanding 85,204,169 and 85,126,915
shares as of September 30, 2007 and
June 30, 2007, respectively 852,042 851,269
Additional paid-in capital
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