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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (24,220,000) $ (11,884,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities    
Impairment of goodwill 2,797,000 0
Depreciation 3,748,000 4,610,000
Amortization of internally developed software 2,671,000 2,180,000
Amortization of intangible assets 2,151,000 2,350,000
(Gain) loss on disposal of property and equipment (11,000) 2,000
Unrealized foreign currency losses (gains) 795,000 (268,000)
Non-cash interest expense related to debt agreements 15,000 18,000
Stock-based compensation related to equity awards and restricted stock 3,683,000 8,592,000
Provision for bad debts 1,040,000 852,000
Payment of contingent consideration for prior acquisition 0 (93,000)
Changes in operating assets and liabilities    
Accounts receivable 4,798,000 560,000
Prepaid expenses and other current assets (959,000) 309,000
Other assets (98,000) (340,000)
Accounts payable (692,000) 246,000
Deferred revenues (354,000) (280,000)
Accrued expenses and other liabilities 169,000 (2,050,000)
Net cash (used in) provided by operating activities (4,467,000) 4,804,000
Investing activities    
Purchases of property and equipment (351,000) (1,154,000)
Proceeds from disposal of property and equipment 11,000 3,000
Capitalization of internally developed software (1,398,000) (4,050,000)
Net cash used in investing activities (1,738,000) (5,201,000)
Financing activities    
Repayments of capital lease obligations (788,000) (1,223,000)
Proceeds from exercise of common stock options 0 350,000
Proceeds from employee stock purchase plan, net 215,000 592,000
Net cash used in financing activities (573,000) (281,000)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash 1,714,000 (206,000)
Net decrease in cash and cash equivalents and restricted cash (5,064,000) (884,000)
Beginning of period 35,713,000 37,326,000
End of period 30,649,000 36,442,000
Supplemental disclosure of non-cash investing and financing activities    
Acquisition of equipment through capital leases 181,000 1,283,000
Purchases of property and equipment recorded in accounts payable and accrued expenses 693,000 9,000
Issuance of common stock under employee stock purchase plan $ 130,000 $ 328,000