XML 67 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 1,545,000 $ 2,195,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,252,000 1,223,000
Share-based compensation expenses 114,000 38,000
Allowances for doubtful debts 1,024,000 561,000
Share of losses in equity investment affiliates 170,000 394,000
Loss on disposal of property and equipment   2,000
Deferred taxes (696,000) (749,000)
Changes in operating assets and liabilities    
Accounts receivable (2,269,000) (5,712,000)
Other receivables 101,000 198,000
Prepayment and deposit to suppliers (127,000) 3,401,000
Due from related parties (225,000) 4,000
Other current assets 89,000 34,000
Accounts payable 284,000 (172,000)
Advances from customers 388,000 111,000
Accrued payroll and other accruals (84,000) (134,000)
Due to related parties   (162,000)
Other payables (67,000) 25,000
Taxes payable 1,313,000 1,210,000
Net cash provided by operating activities 2,812,000 2,467,000
Cash flows from investing activities    
Purchases of vehicles and office equipment (65,000) (185,000)
Deposit for purchasing of software technology (2,411,000)  
Long-term investment in and advance to equity investment affiliates (32,000)  
Project development deposit to a third party   (2,450,000)
Cash effect on deconsolidation of VIEs   (15,000)
Payment for acquisition of VIEs (1,768,000) (1,817,000)
Net cash used in investing activities (4,276,000) (4,467,000)
Cash flows from financing activities    
Proceeds from short-term bank loan 804,000  
Dividend paid to convertible preferred stockholders   (5,000)
Short-term loan borrowed from an equity investment affiliate   316,000
Short-term loan repaid to an equity investment affiliate   (537,000)
Net cash provided by (used in) financing activities 804,000 (226,000)
Effect of exchange rate fluctuation on cash and cash equivalents 110,000 44,000
Net decrease in cash and cash equivalents (550,000) (2,182,000)
Cash and cash equivalents at beginning of the period 5,483,000 10,695,000
Cash and cash equivalents at end of the period 4,933,000 8,513,000
Supplemental disclosure of cash flow information    
Income taxes paid 39,000 74,000
Non-cash transactions:    
Restricted stock and options granted for future service $ 11,000 $ 53,000