XML 56 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net loss $ (393) $ (862)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 163 210
Realized loss on asset disposal 33  
Stock-based compensation 244 252
Changes in operating assets and liabilities:    
Accounts receivable, net 2,763 3,456
Prepaid expenses and other assets 507 (142)
Third-party software fees payable (1,322) (2,387)
Accounts payable and accrued expenses (646) (862)
Deferred revenue 530 161
Deferred rent 16 (21)
Net cash provided by (used in) operating activities 1,895 (195)
Cash flows from investing activities:    
Purchases of equipment and furniture (80) (18)
Proceeds from maturities of short-term investments 4,460 5,375
Purchases of short-term investments (3,297) (4,796)
Net cash provided by investing activities 1,083 561
Cash flows from financing activities-proceeds from exercise of stock options 280 1
Effect of exchange rate changes on cash 77 (93)
Net increase in cash and cash equivalents 3,335 274
Cash and cash equivalents, beginning of period 13,510 9,903
Cash and cash equivalents, end of period 16,845 10,177
Non-cash investing activity:    
Tenant improvement & furniture allowances funded by landlord $ 1,167