XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (7,398) $ (2,724)
Loss from discontinued operations, net of tax 481 285
Loss from continuing operations (6,917) (2,439)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,233 2,188
Warrants issued for services 2 162
Stock based compensation expense 639 579
Lease expense in excess of cash 419 558
Amortization of deferred financing costs 1,585 599
Amortization of debt discounts 646 663
Derivative (gain) loss 1,342 (807)
Loss on debt extinguishment (500) 136
Deferred tax expense 151 163
(Gain) loss on disposal of assets (18) 126
Gain on acquisitions   (898)
Provision for bad debts 2,754 593
Other noncash items   59
Changes in certain assets and liabilities, net of acquisitions:    
Accounts receivable (12,471) (8,305)
Prepaid expenses and other (181) (159)
Other assets 189 (525)
Accounts payable and accrued expenses 11,023 8,433
Net cash provided by operating activities - continuing operations 3,896 1,126
Net cash used in operating activities - discontinued operations (554) (96)
Net cash provided by operating activities 3,342 1,030
Cash flows from investing activities:    
Proceeds from sale of property and equipment 3  
Change in restricted cash and investments and escrow deposits for acquisitions (1,820) 546
Acquisitions (52,482) (52,475)
Purchase of property and equipment (2,904) (2,732)
Net cash used in investing activities - continuing operations (57,203) (54,661)
Net cash provided by investing activities - discontinued operations 50  
Net cash used in investing activities (57,153) (54,661)
Cash flows from financing activities:    
Proceeds from debt 58,788 48,738
Proceeds from convertible debt 7,500  
Debt issuance costs (2,763) (389)
Change in lines of credit 1,787 5,770
Exercise of warrants and options 137 6,798
Proceeds from stock issuances, net 3,837  
Refinanced debt (5,000)  
Repayment of notes payable (7,819) (1,013)
Net cash provided by financing activities - continuing operations 56,467 59,904
Net cash used in financing activities - discontinued operations (147) (134)
Net cash provided by financing activities 56,320 59,770
Net Change in Cash 2,509 6,139
Cash, Beginning 7,364 3,911
Cash decrease due to deconsolidation of variable interest entities (Note 2) (180) 0
Cash, Ending 9,693 10,050
Cash paid during the period for:    
Interest 9,632 4,246
Income Taxes   197
Supplemental Disclosure of Non-cash Activities:    
Acquisitions in exchange for debt and equity instruments 7,800 2,400
Warrants issued for financing costs 641 330
Restricted stock issued for financing costs 175  
Other assets acquired in exchange for debt   $ 5,063