91¸£Àû

Quarterly report pursuant to sections 13 or 15(d)

Significant Accounting Policies

v2.4.0.6
Significant Accounting Policies
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Significant Accounting Policies

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of 91¸£Àû and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

 

 

Use of Estimates

 

The preparation of the unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts in the unaudited condensed consolidated financial statements. Actual results could differ from those estimates. Significant estimates in the accompanying unaudited condensed consolidated financial statements include the allowance for doubtful accounts and other receivables, the valuation of collateral on certain receivables, the valuation and amortization periods of intangible assets, valuation of stock-based compensation and the valuation allowance on deferred tax assets.

 

Restricted Cash