XML 24 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (13,664,000) $ (20,117,000) $ (9,197,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 8,451,000 7,457,000 5,595,000
Deferred income taxes 207,000 (295,000) (104,000)
Foreign currency re-measurement loss 981,000 0 0
Non-cash interest and other expense 376,000 589,000 1,585,000
Non-cash stock compensation expense 2,741,000 1,077,000 498,000
Stock-based compensation—related party vendor 0 11,220,000 0
Changes in operating assets and liabilities, net of purchase business combinations:      
Accounts receivable 741,000 (1,579,000) 2,941,000
Prepaids and other 1,873,000 484,000 (1,617,000)
Accounts payable 157,000 639,000 (1,113,000)
Accrued expenses and other liabilities (2,796,000) (924,000) 2,176,000
Deferred revenue (570,000) 2,626,000 (1,003,000)
Net cash provided by (used in) operating activities (1,503,000) 1,177,000 (239,000)
Investing activities      
Purchase of property and equipment (956,000) (861,000) (263,000)
Purchase of customer relationships 791,000 0 0
Purchase business combinations, net of cash acquired (7,664,000) (6,217,000) (28,175,000)
Cash included in distribution of spin-off 0 0 (127,000)
Net cash provided by (used in) investing activities (9,411,000) (7,078,000) (28,565,000)
Financing activities      
Payments on capital leases (1,020,000) (541,000) (351,000)
Proceeds from notes payable, net of issuance costs 24,083,000 5,685,000 28,036,000
Payments on notes payable (23,907,000) (10,910,000) (17,516,000)
Series C redeemable preferred stock issuance costs 0 (97,000) 19,716,000
Issuance of common stock, net of issuance costs (18,000) 38,846,000 0
Additional consideration paid to sellers of businesses (359,000) (599,000) (321,000)
Net cash provided by (used in) financing activities (1,221,000) 32,384,000 29,564,000
Effect of exchange rate fluctuations on cash (380,000) (198,000) 51,000
Change in cash and cash equivalents (12,515,000) 26,285,000 811,000
Cash and cash equivalents, beginning of period 30,988,000 4,703,000 3,892,000
Cash and cash equivalents, end of period 18,473,000 30,988,000 4,703,000
Supplemental disclosures of cash flow information      
Cash paid for interest 1,523,000 1,382,000 1,221,000
Cash paid for taxes 314,000 252,000 287,000
Noncash investing and financing activities      
Notes payable issued to sellers in business combination 0 0 3,500,000
Equipment acquired pursuant to capital lease obligations $ 3,428,000 $ 1,572,000 $ 649,000