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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net loss $ (2,679,888) $ (2,075,657)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of derivative instruments 991,662 (2,488,465)
Depreciation and amortization expense 85,910 117,629
Gain on the disposal of property and equipment (66,626)  
Deferred income tax expenses 150,405  
Share-based compensation expense 548,664 710,625
Changes in operating assets and liabilities:    
Accounts receivable 3,278,062 2,977,613
Unbilled accounts receivable (1,254,867) (2,478,570)
Prepaid expenses and other current assets 137,362 667,991
Accounts payable (35,280) 745,895
Accrued expenses and other liabilities (364,034) (264,335)
Net cash provided by (used in) operating activities 791,370 (2,087,274)
Investing activities    
Proceeds from the sale of property and equipment 67,400  
Net cash provided by investing activities 67,400  
Financing activities    
Proceeds from issuance of long term debt 2,500,000  
Proceeds from revolving credit agreement 857,808  
Deferred financing costs (220,234)  
Change in restricted cash requirements 100,000  
Proceeds from issuance of common stock   82,478
Other (32,960) (69,718)
Net cash provided by financing activities 3,204,614 12,760
Effects of exchange rates on cash 4,034 (2,564)
Increases (decreases) in cash and cash equivalents 4,067,418 (2,077,078)
Cash and cash equivalents, at beginning of period 11,236,771 11,785,327
Cash and cash equivalents, at end of period 15,304,189 9,708,249
Supplemental disclosure of cash flow information    
Cash paid for interest 3,028 15,435
Noncash financing activates    
Warrants issued to lender in connection with loan $ 69,876