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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (2,202,305) $ (7,325,995)
Adjustments to reconcile net loss to net cash used in operating activities:    
Realization of cumulative translation adjustment 229,192
Share-based compensation expense 426,988 $ 1,172,703
Change in fair value of derivative instruments (577,426) (464,703)
Depreciation expense 108,798 113,272
Deferred income taxes 46,310 48,105
Non-cash interest expense (51,820) $ 68,130
Impairment of property and equipment 36,981
Gain on the disposal of property and equipment (7,600) $ (5,393)
Changes in operating assets and liabilities:    
Billed accounts receivable 110,656 1,427,113
Unbilled accounts receivable (362,232) 1,895,858
Prepaid expenses and other current assets (9,602) 23,869
Accounts payable (85,175) $ (846,090)
Accrued restructuring expenses 800,769
Accrued expenses and other liabilities $ 149,438 $ (773,517)
Deferred revenue (284,937)
Net cash used in operating activities $ (1,387,028) (4,951,585)
Investing activities    
Purchases of property and equipment (68,277) (92,269)
Proceeds from the sale of property and equipment 7,600 8,000
Net cash used in investing activities (60,677) (84,269)
Financing activities    
Repayment of debt $ (750,007) (749,997)
Net repayment of revolving credit agreement (1,091,740)
Net proceeds from exercise of warrants 683,325
Proceeds from issuance of common stock, including exercise of stock options, net of offering costs $ 943,601 15,341,264
Net cash provided by financing activities 193,594 14,182,852
Effects of exchange rates on cash 169 (7,585)
(Decrease) increase in cash and cash equivalents (1,253,942) 9,139,413
Cash and cash equivalents, at beginning of period 18,643,351 10,480,979
Cash and cash equivalents, at end of period 17,389,409 19,620,392
Supplemental disclosure of cash flow information    
Cash paid for interest $ 108,134 $ 105,916