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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 3,372,803 $ 582,232
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes (2,214,902) (171,500)
Depreciation and amortization 174,507 116,927
Amortization of intangibles 339,258 300,010
Share-based compensation 28,651 28,952
Stock warrants in exchange for services 0 20,000
Common stock issued in exchange for services 0 36,300
Changes in certain assets and liabilities:    
Accounts receivable (109,238) (118,430)
Unbilled services (138,015) (700,682)
Prepaid expenses and other current assets 157,951 (212,188)
Deposits and other assets 322 (1,034)
Accounts payable 623,066 (208,779)
Accrued expenses 37,564 (285,720)
Income tax payable (87,455) 196,791
Accrued interest (257) (202)
Deferred revenues (668,064) 311,159
Net cash provided by (used in) operating activities 1,516,191 (106,164)
Cash flows from investing activities:    
Purchase of property and equipment (176,827) (42,801)
Software development costs (133,045) 0
Acquisition of new business 0 (563,471)
Net cash used in investing activities (309,872) (606,272)
Cash flows from financing activities:    
Proceeds from issuance of common stock and warrants, net of fees 0 812,023
Proceeds from issuance of preferred stock 100 0
Payment of cash dividend (264,699) 0
Repayment of contingent consideration (123,657) 0
Repayment of long term debt (224,408) (204,880)
Principal payments under capital leases obligations (76,549) (63,640)
Net cash (used in) provided by financing activities (689,213) 543,503
Net (decrease) increase in cash and cash equivalents 517,106 (168,933)
Cash and cash equivalents – beginning of period 1,193,313 1,308,337
Cash and cash equivalents – end of period 1,710,419 1,139,404
Cash paid during period for:    
Interest 50,792 42,550
Income taxes $ 61,337 $ 83,041