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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 3,387,069 $ 3,043,028
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 574,519 1,180,899
Depreciation and amortization expense 1,045,495 1,330,238
Provision for doubtful accounts 3,437 58,595
Deferred income taxes 553,742  
Disposal of property and equipment   500
Changes in operating assets and liabilities:    
(Increase) decrease in settlement assets (571,415) 498,553
(Increase) decrease in accounts receivables, prepaid expenses and other current assets (881,941) 358,980
Decrease in other long-term assets 514,274 287,923
Decrease in accounts payable and accrued expenses (1,664,578) (2,885,420)
Increase (decrease) in due to merchants 530,021 (438,099)
Other 52,065 (26,219)
Net cash provided by operating activities 3,542,688 3,408,978
Cash flows from investing activities:    
Increase in restricted cash (19,796) (9,629)
Increase in merchant reserve   9,684
Purchase of property and equipment (209,550) (109,555)
Capitalized software development (415,646) (677,822)
Purchase of intangible assets (12,296) (353)
Net cash used in investing activities (657,288) (787,675)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,293,738 1,965,380
Principal payments on capital lease obligations (148,902) (193,002)
Borrowings under credit facility   13,916,000
Repayments under credit facility (9,916,000) (4,000,000)
Purchase of treasury stock   (17,843,447)
Common stock repurchases for tax withholdings (136,260) (655,104)
Net cash used in financing activities (8,907,424) (6,810,173)
Net decrease in cash and cash equivalents (6,022,024) (4,188,870)
Cash and cash equivalents at beginning of period 13,305,816 14,675,515
Cash and cash equivalents at end of period 7,283,792 10,486,645
Cash paid for:    
Interest 172,261 14,718
Income taxes 579,114 504,398
Non-cash investing and financing activities:    
Common stock issued for preferred stock conversion   21,629
Common stock issued for stock options exercised 262 98
Assets acquired under capital leases 47,067 122,630
Accrued capitalized hardware, software and fixed assets 77,259 63,291
Capitalized stock-based compensation $ 8,541 $ 14,018