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Condensed Consolidated Statement of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income (loss) $ (2,148,873) $ 1,138,720
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 4,595,735 4,090,938
Stock-based compensation expense 1,240,523 2,060,738
Deferred income taxes (68,431) (7,188)
Bad debt provision 656,237 874,501
Change in fair value of contingent consideration 1,910,922 313,233
Other operating activities 52,427 52,427
Change in assets:    
Accounts receivable and unbilled revenue (16,255,677) (3,951,614)
Inventories (1,388,002) (6,488,950)
Prepaid expenses and other assets 16,381,567 3,099,672
Change in liabilities:    
Accounts payable (40,196,285) (3,849,922)
Accrued expenses and other liabilities 10,652,625 (3,608,151)
Net cash used in operating activities (24,567,232) (6,275,596)
Cash flows from investing activities    
Purchases of property and equipment (3,987,162) (3,718,679)
Net cash used in investing activities (3,987,162) (3,718,679)
Cash flows from financing activities    
Net borrowings from revolving credit facility 19,357,516 5,579,750
Net short-term secured borrowings (repayments) (1,802,548) 88,837
Repurchases of common stock 0  
Stock Repurchased During Period, Value   (3,499,998)
Payments of contingent consideration (525,000) (437,500)
Proceeds from exercise of stock options 984,000 38,554
Other financing activities 381,502 (98,773)
Net cash provided by financing activities 18,395,470 1,670,870
Effect of exchange rate changes on cash and cash equivalents 332,955 (848,497)
Decrease in cash and cash equivalents (9,825,969) (9,171,902)
Cash and cash equivalents, beginning of period 30,754,930  
Cash and cash equivalents, end of period $ 20,928,961 $ 13,406,040