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Condensed Consolidated Statement of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 9,951,000 $ (5,017,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 6,086,006 9,316,355
Stock-based compensation expense 2,921,109 2,357,590
Deferred income taxes 76,000 450,000
Bad debt provision 82,000 789,000
Change in fair value of contingent consideration 844,000 9,187,000
Other operating activities 104,000 105,000
Change in assets:    
Accounts receivable and unbilled revenue (29,395,000) (2,366,000)
Inventories 3,446,000 (2,573,000)
Prepaid expenses and other assets (957,000) 16,255,000
Change in liabilities:    
Accounts payable 4,304,000 (33,984,000)
Accrued expenses and other liabilities 851,000 4,632,000
Net cash used in operating activities (1,687,000) (848,000)
Cash flows from investing activities    
Purchases of property and equipment (7,024,000) (7,445,000)
Net cash used in investing activities (7,024,000) (7,445,000)
Cash flows from financing activities    
Net borrowings from revolving credit facilities 11,491,000 12,553,000
Net short-term secured borrowings 37,000 104,000
Repurchases of common stock (10,041,000) 0
Payments of contingent consideration (2,089,000) (4,144,000)
Proceeds from exercise of stock options 1,319,000 1,090,000
Other financing activities (119,000) (474,000)
Net cash provided by financing activities 598,000 9,129,000
Effect of exchange rate changes on cash and cash equivalents 726,000 15,000
Increase (decrease) in cash and cash equivalents (7,387,000) 851,000
Cash and cash equivalents, beginning of period 30,924,000 30,755,000
Cash and cash equivalents, end of period $ 23,537,000 $ 31,606,000