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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 3,043,028 $ 3,586,954
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,180,899 461,590
Depreciation and amortization expense 1,330,238 1,439,778
Provision (recovery) for doubtful accounts 58,595 (193)
Disposal of property and equipment 500  
Gain on insurance settlement   (517,930)
Changes in operating assets and liabilities:    
Decrease (increase) in settlement assets 498,553 (244,451)
Decrease in accounts receivables, prepaid expenses and other current assets 358,980 1,529,933
Decrease (increase) in other long-term assets 287,923 (181,213)
(Decrease) increase in accounts payable and accrued expenses (3,540,524) 239,331
(Decrease) increase in due to merchants (438,099) 240,034
Other (26,219) (53,259)
Net cash provided by operating activities 2,753,874 6,500,574
Cash flows from investing activities:    
Increase (decrease) in restricted cash (9,629) 11,506
Increase (decrease) in merchant reserves 9,684 (131,599)
Purchase of property and equipment (109,555) (168,282)
Capitalized software development (677,822) (593,946)
Purchase of intangible assets (353) (13,454)
Net cash used for investing activities (787,675) (895,775)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,965,380 22,949
Principal payments on capital lease obligations (193,002) (287,168)
Borrowings under credit facility 13,916,000  
Repayments under credit facility (4,000,000)  
Purchase of treasury stock (17,843,447) (1,647,211)
Net cash used for financing activities (6,155,069) (1,911,430)
Net (decrease) increase in cash and cash equivalents (4,188,870) 3,693,369
Cash and cash equivalents at beginning of period 14,675,515 9,837,791
Cash and cash equivalents at end of period 10,486,645 13,531,160
Cash paid for:    
Interest 14,718 30,785
Income taxes 504,398 395,294
Non-cash investing and financing activities:    
Common stock issued for preferred stock conversion 21,629  
Common stock issued for stock options exercised 98  
Assets acquired under capital leases 122,630 79,291
Accrued capitalized hardware, software and fixed assets 63,291 12,071
Capitalized stock-based compensation $ 14,018 $ 20,015