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Condensed Consolidated Statement of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 3,655,000 $ (5,017,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,266,290 9,316,355
Stock-based compensation expense 1,566,966 2,357,590
Deferred income taxes 1,366,141 449,670
Bad debt provision 1,048,815 789,310
Change in fair value of contingent consideration 676,424 9,187,336
Other operating activities 104,854 104,854
Change in assets:    
Accounts receivable and unbilled revenue (10,311,462) (2,366,175)
Inventories (10,845,159) (2,573,230)
Prepaid expenses and other assets 720,225 16,254,910
Change in liabilities:    
Accounts payable 5,973,282 (33,984,179)
Accrued expenses and other liabilities (3,974,365) 4,632,392
Net cash provided by (used in) operating activities 987,003 (848,205)
Cash flows from investing activities    
Purchases of property and equipment (8,655,647) (7,445,010)
Net cash used in investing activities (8,655,647) (7,445,010)
Cash flows from financing activities    
Net borrowings from revolving credit facilities 7,395,770 12,552,929
Net short-term secured borrowings 668,982 103,801
Repurchases of common stock   0
Stock Repurchased During Period, Value (1,400,000)  
Payments of contingent consideration (2,176,775) (4,143,790)
Proceeds from exercise of stock options 598,514 1,090,443
Other financing activities (178,939) (474,214)
Net cash provided by financing activities 1,410,368 9,129,169
Effect of exchange rate changes on cash and cash equivalents (753,882) 14,707
Increase (decrease) in cash and cash equivalents (7,012,158) 850,661
Cash and cash equivalents, beginning of period $ 15,565,784 30,755,000
Cash and cash equivalents, end of period   $ 31,605,591