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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,330,667) $ (7,497,633)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Deferred income tax expense 2,894 3,710,002
Depreciation expense 353,387 360,390
Provision for doubtful accounts 36,783 24,047
Amortization of intangibles 803,548 1,008,432
Amortization of deferred financing costs 8,728 4,728
Share-based compensation expense 208,091 237,101
Loss on disposal of equipment 9,716 4,511
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables (1,807,139) (1,919,646)
Inventories 10,362 71,268
Prepaid expenses and other current assets 6,241 267,591
Other assets excluding deferred financing costs 14,747 (7,632)
Accounts payable and accrued expenses 509,939 1,356,266
Income tax (payable) receivable 78,705 (97,837)
Deferred revenue and other liabilities 1,269,533 (127,440)
Net cash used in operating activities (2,825,132) (2,605,852)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (309,024) (216,758)
Software development costs (186,354) (138,781)
Business combination, net of cash acquired 0 (4,106,510)
Net cash used in investing activities (495,378) (4,462,049)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 15,778,090 8,630,155
Repayments of bank line of credit advances (13,764,425) (9,154,596)
Principal repayments of long term debt (1,969,368) (940,849)
Principal repayments under capital lease obligations (50,509) (37,728)
Proceeds from public stock offering, net of offering costs 0 11,425,118
Proceeds from exercise of stock options 701,706 280,425
Net cash provided by financing activities 695,494 10,202,525
Net effect of exchange rate on cash and equivalents (86,618) (55,139)
NET (DECREASE) INCREASE IN CASH (2,711,634) 3,079,485
CASH, beginning of period 13,154,699 0
CASH, end of period 10,443,065 3,079,485
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 128,118 134,368
Cash paid for income taxes 11,042 125,794
NONCASH INVESTING AND FINANCING ACTIVITIES    
Insurance policies financed by short term notes payable $ 0 $ 58,118