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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash flows from operating activities:          
Net income (loss) $ (235,272) $ 856,595 $ (4,447,933) $ 1,302,441 $ (64,591,727)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization     7,134,783 4,650,014  
Stock-based compensation expense     4,259,795 3,502,350  
Deferred taxes     (441,417) (444,230)  
(Gain) loss on foreign currency transactions (4,216) 9,229 (107,259) 11,429  
Bad debt expense     290,426 26,000  
Amortization of loan origination costs     164,313 34,342  
Changes in operating assets and liabilities:          
Accounts receivable     2,141,980 5,862,051  
Prepaid expenses, other current assets and other assets     (2,426,711) 1,610,514  
Accounts payable and accrued liabilities     2,344,109 161,914  
Deferred revenue     686,332 (54,560)  
Net cash provided by operating activities     9,598,418 16,662,265  
Cash flows from investing activities:          
Purchase of property and equipment     (256,391) (595,126)  
Acquisition of business, net of cash and restricted cash acquired     0 (65,802,792)  
Net cash used in investing activities     (256,391) (66,397,918)  
Cash flows from financing activities:          
Proceeds from exercise of stock options     232,416 2,778,176  
Proceeds from issuance of common stock     0 42,995,371  
Proceeds from exercise of warrants     0 2,396,250  
Payments of capital leases     (142,043) (139,541)  
Proceeds from long-term debt     0 15,000,000  
Payments for restricted stock awards withheld for taxes     (306,120) (507,398)  
Payments of contingent consideration     (5,000,000) 0  
Payments on long-term debt     (7,500,000) (1,875,000)  
Net cash (used in) provided by financing activities     (12,715,747) 60,647,858  
Change in cash, cash equivalents, and restricted cash prior to effects of foreign currency exchange rate     (3,373,720) 10,912,205  
Effect of foreign currency exchange rate (translation)     (256,818) (11,429)  
Net (decrease) increase in cash, cash equivalents, and restricted cash     (3,630,538) 10,900,776  
Cash, cash equivalents, and restricted cash at beginning of period     25,052,995 22,246,015 22,246,015
Cash, cash equivalents, and restricted cash at end of period $ 21,422,457 $ 33,146,791 21,422,457 33,146,791 $ 25,052,995
Supplemental disclosure of cash flow information:          
Cash paid for interest     $ 1,110,448 $ 140,911