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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 260,050 $ (1,044,355)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income tax expense 82,237 0
Depreciation expense 832,651 414,507
Provision (recovery) for doubtful accounts 23,460 (6,149)
Amortization of intangibles 596,446 700,430
Amortization of deferred financing costs 3,750 16,054
Share-based compensation expense 536,828 593,075
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables 330,286 390,672
Inventories 65,161 (61,778)
Prepaid expenses and other current assets 128,468 (236,532)
Other assets 61,661 (108,742)
Accounts payable and accrued expenses 2,487,865 (1,890,395)
Income tax payable 6,133 16,289
Deferred revenue and other liabilities 37,535 505,619
Net cash provided by (used in) operating activities 5,452,531 (711,305)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (214,072) (164,573)
Software development costs (146,767) (230,101)
Net cash used in investing activities (360,839) (394,674)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 6,354,455 14,048,741
Repayments of bank line of credit advances (6,354,455) (14,048,741)
Principal repayments under capital lease obligations (356,924) (75,785)
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 financing activities (361,924) (153,785)
Net effect of exchange rate on cash and equivalents (62,043) (62,587)
NET INCREASE (DECREASE) IN CASH 4,667,725 (1,322,351)
CASH AND CASH EQUIVALENTS, beginning of period 2,431,892 5,272,457
CASH AND CASH EQUIVALENTS, end of period 7,099,617 3,950,106
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 213,233 51,032
Cash paid for income taxes 8,857 14,418
NONCASH INVESTING AND FINANCING ACTIVITIES    
Insurance policies financed by short term notes payable $ 77,386 $ 76,979