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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 1,722,712 $ 1,459,924
Adjustments to reconcile net income to net cash provided by operating activities:    
Settlement of tax liability (406,453) 0
Depreciation and amortization 1,306,729 1,320,734
Deferred income taxes 0 (75,698)
Amortization of financing fees 13,404 19,330
Adjustment of European liabilities related to discontinued operations (56,611) (93,013)
(Recovery) Provision of doubtful accounts (13,036) 24,888
Stock based compensation 385,818 658,800
Change in operating assets and liabilities:    
Accounts receivable and unbilled revenue (1,058,331) (1,515,018)
Prepaid expenses and other assets 1,279 171,819
Accounts payable 3,239,004 499,708
Accrued expenses and other liabilities 63,275 255,626
Net cash provided by operating activities 5,197,790 2,727,100
Investing activities:    
Purchases of equipment and capitalized development costs (1,050,678) (656,441)
Net cash used in investing activities (1,050,678) (656,441)
Financing activities:    
Prepaid financing fees and other 0 43,896
Net taxes paid on RSU grants exercised (251,083) (96,291)
Proceeds from revolving line of credit 1,500,000 1,700,000
Payments on revolving line of credit (3,293,275) (2,934,002)
Proceeds from term note payable 0 2,000,000
Payments on term note payable and capital leases (1,895,341) (2,461,469)
Net cash used in financing activities (3,939,699) (1,747,866)
Net change – cash 207,413 322,793
Cash, beginning of year 3,714,525 3,137,153
Cash, end of period 3,921,938 3,459,946
Supplemental information:    
Interest paid 102,969 237,365
Income taxes paid 97,483 0
Non-cash investing and financing activities:    
Purchase of property and equipment under capital lease 103,609 0
Purchase of intangible assets through a contingent liability $ 715,874 $ 0