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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net loss $ (7,325,995) $ (7,293,644)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 1,172,703 957,261
Change in fair value of derivative instruments (464,703) 1,181,575
Depreciation expense 113,272 139,049
Deferred income taxes 48,105 49,753
Non-cash interest expense 68,130 104,726
Gain on the disposal of property and equipment (5,393) (3,500)
Changes in operating assets and liabilities:    
Accounts receivable 1,427,113 2,432,641
Unbilled accounts receivable 1,895,858 2,501,117
Prepaid expenses and other current assets 23,869 313,384
Accounts payable (846,090) (588,086)
Accrued expenses and other liabilities (773,517) 203,951
Deferred revenue (284,937) (909,939)
Net cash used in operating activities (4,951,585) (911,712)
Investing activities    
Purchases of property and equipment (92,269) (84,579)
Proceeds from the sale of property and equipment 8,000 3,500
Net cash used in investing activities (84,269) (81,079)
Financing activities    
Repayment of debt (749,997) (499,998)
Net repayment of revolving credit agreement (1,091,740) (1,330,507)
Net proceeds from exercise of warrants 683,325  
Proceeds from issuance of common stock, net of offering costs 15,341,264 6,068,891
Net cash provided by financing activities 14,182,852 4,238,386
Effects of exchange rates on cash (7,585) (3,713)
Increase in cash and cash equivalents 9,139,413 3,241,882
Cash and cash equivalents, at beginning of period 10,480,979 12,701,517
Cash and cash equivalents, at end of period 19,620,392 15,943,399
Supplemental disclosure of cash flow information    
Cash paid for interest $ 105,916 $ 184,909