XML 29 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,593) $ (4,205)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,564 5,768
Gain on sale of fixed assets 20  
Provision for doubtful accounts 16 78
Provision for excess and obsolete inventory 9 5
Deferred income taxes 39 39
Stock based compensation expense 1,954 1,656
Non-cash compensation expense 87  
Changes in operating assets and liabilities:    
Restricted cash 34 (32)
Accounts receivable 15,607 15,068
Inventories 109 400
Prepaid expenses, other receivables and other assets 3,854 (499)
Deferred rent (282) 125
Accounts payable, deferred revenue, accrued expenses and other liabilities (18,895) (13,433)
Net cash provided by operating activities 5,523 4,970
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,946) (2,925)
Acquisitions, net of cash acquired (2,921)  
Net cash used in investing activities (4,867) (2,925)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock 1,189 788
Decrease (Increase) in restricted cash 112 (107)
Payments on capital lease obligations (1,081) (1,238)
Payments on debt, net (2,212) (606)
Net cash used in financing activities (1,992) (1,163)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (1,071) (105)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,407) 777
CASH AND CASH EQUIVALENTS, beginning of period 18,128 22,418
CASH AND CASH EQUIVALENTS, end of period 15,721 23,195
Non-cash investing and financing activities:    
Property and equipment acquired under long-term debt and capital leases $ 1,637 $ 969