XML 71 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash provided by (used in) operating activities:    
Net income (loss) for the period $ 843 $ (908)
Adjustment to reconcile net income (loss) for the period to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 75 818
Amortization of intangible assets 850 1,043
Common stock issued for services received 593 0
Warrants issued for services 247 0
Net income (loss) attributable to non-controlling interest (44) 0
Changes in operating assets and liabilities net of effects of acquistions:    
Accounts receivable (16,047) (20,368)
Other assets (86) (22)
Accounts payable and accrued expenses 819 (288)
Deferred revenue 10,950 16,600
Income taxes 72 163
Net cash provided by (used in) operating activities (1,728) (2,962)
Cash used in investing activities:    
Acquisition of intangible assets (494) (2,263)
Acquisition of property and equipment (104) (28)
Investments (31) 0
Net cash (used in) investing activities (629) (2,291)
Cash flow from financing activities:    
Increase (decrease) in long-term borrowing, net 2 (815)
Proceeds from issuance of common stock 3,100 5,750
Advances from related parties, net of repayment 500 0
Net checks issued in excess of funds 0 (53)
Net cash provided by (used in) financing activities 3,602 4,882
Increase (Decrease) in cash during the period 1,245 (371)
Cash at beginning of the period 699 371
Cash at end of the period 1,944 0
Non-cash transactions:    
Common stock issued for subscription receivable 2,900 0
Contribution of software for non-controlling interest $ 500 $ 0