XML 32 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities:  
Net income$ 824,885$ 2,017,981
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization2,347,7422,794,776
Stock compensation charge146,972197,990
Equity in net loss from investment in limited liability company1,496,053507,512
Decrease (increase) in:  
Accounts receivable(779,451)(252,729)
Inventory(51,169)(277,384)
Prepaid income taxes401,858(163,777)
Prepaid expenses and other current assets(18,048)(104,251)
Increase (decrease) in:  
Accounts payable, accrued expenses and other613,844516,657
Deferred revenue80,35838,385
Net Cash Provided by Operating Activities5,063,0445,275,160
Cash Flows From Investing Activities:  
Expenditures for fixed assets(1,245,651)(913,151)
Purchase of Alpha Message Center, Inc.0(577,977)
Purchase - account acquisition(108,000)0
Payment of Investment in limited liability company0(4,150,336)
Decrease (increase) in other assets(53,351)4,798
Net Cash Used In Investing Activities(1,407,002)(5,636,666)
Cash Flows From Financing Activities:  
Proceeds from long-term debt02,000,000
Repayment of long-term debt(540,000)(1,506,666)
Payment of accrued expense - acquisitions(82,893)(73,346)
Proceeds upon exercise of stock options205,60047,394
Payment of loan financing costs0(4,370)
Dividends paid0(1,901,879)
Net Cash Used In Financing Activities(417,293)(1,438,867)
Net Increase (Decrease) in Cash3,238,749(1,800,373)
Cash, Beginning of Period4,090,5285,498,448
Cash, End of Period7,329,2773,698,075
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:  
CASH PAID DURING THE PERIOD FOR INTEREST43,08942,699
CASH PAID DURING THE PERIOD FOR INCOME TAXES705,9631,551,769
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:  
Other assets, deposits on equipment transferred to fixed asset021,875
Other assets, deposits on product transferred to inventory0105,476
American Mediconnect Inc.
  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:  
Accrued expense - acquisitions / additional goodwill038,298
Alpha Message Center, Inc.
  
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:  
Accrued expense - acquisitions / additional goodwill$ 0$ 200,000