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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 76,340 $ (934,344)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income tax expense 58,444 0
Depreciation expense 552,140 275,375
Provision for doubtful accounts 11,190 (5,766)
Amortization of intangibles 397,631 486,639
Amortization of deferred financing costs 2,500 14,804
Share-based compensation expense 373,377 320,338
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables 1,457,869 1,689,709
Inventories (276,256) (11,254)
Prepaid expenses and other current assets 77,759 (88,328)
Other assets 60,411 (109,990)
Accounts payable and accrued expenses 810,590 (1,637,123)
Income tax payable (2,442) 2,523
Deferred revenue and other liabilities (89,365) 347,456
Net cash used in operating activities 3,510,188 350,039
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (140,052) (93,983)
Software development costs (125,725) (151,559)
Net cash used in investing activities (265,777) (245,542)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 6,258,000 11,598,706
Repayments of bank line of credit advances (6,258,000) (11,443,612)
Principal repayments under capital lease obligations (238,675) (50,944)
Debt issuance costs (5,000) 0
Contingent consideration payment 0 (100,000)
Proceeds from exercise of stock options 0 22,000
Net cash (used in) provided by financing activities (243,675) 26,150
Net effect of exchange rate on cash and equivalents (10,563) (39,274)
NET INCREASE IN CASH 2,990,173 91,373
CASH AND CASH EQUIVALENTS, beginning of period 2,431,892 5,272,457
CASH AND CASH EQUIVALENTS, end of period 5,422,065 5,363,830
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 127,583 34,909
Cash paid for income taxes $ 8,904 $ 14,613