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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (462,173) $ (1,154,217)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Deferred income tax benefit 0 (1,925)
Depreciation expense 131,065 83,752
Provision for doubtful accounts (5,766) 14,136
Amortization of intangibles 262,300 269,822
Amortization of deferred financing costs 7,819 0
Share-based compensation expense 124,404 85,017
Gain on disposal of fixed assets 0 (4,061)
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables 1,494,740 293,219
Inventories (170,185) (51,623)
Prepaid expenses and other current assets (124,058) (102,659)
Other assets (84,815) 1,500
Accounts payable and accrued expenses 1,166,610 (1,560,165)
Income tax (payable) receivable (5,240) 47,278
Deferred revenue and other liabilities (82,833) 116,461
Net cash provided by (used in) operating activities 2,251,868 (1,963,465)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (13,918) (78,250)
Software development costs (70,674) (13,773)
Proceeds from the sale of property and equipment 0 51,854
Net cash used in investing activities (84,592) (40,169)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 8,362,503 2,357,314
Repayments of bank line of credit advances (8,362,503) (2,357,314)
Principal repayments of long term debt 0 (79,565)
Principal repayments under capital lease obligations (26,050) (15,895)
Restricted stock award tax liability payment 0 (46,037)
Proceeds from exercise of stock options 22,000 17,100
Net cash used in financing activities (4,050) (124,397)
Net effect of exchange rate on cash and equivalents 10,039 43,981
NET INCREASE (DECREASE) IN CASH 2,173,265 (2,084,050)
CASH, beginning of period 5,272,457 9,123,498
CASH, end of period 7,445,722 7,039,448
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 18,130 9,500
Cash paid for income taxes 11,429 764
Cash received from income tax refund 0 2,674
NONCASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of assets under capital lease obligation (Notes 7 and 9) $ 0 $ 93,301