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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities:    
Net (loss) income $ (772,584) $ 2,339,774
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 2,209,738 1,807,350
Stock based compensation 1,264,266 707,544
Provision (Recovery) for doubtful accounts 5,800 (6,036)
Adjustment of European liabilities related to discontinued operations (176,988) (59,751)
Deferred income taxes (61,100) 233,480
Amortization of financing fees 25,600 19,804
Settlement of tax liability 0 (406,453)
Change in operating assets and liabilities:    
Prepaid expenses and other assets 219,656 (19,370)
Accounts payable (622,548) 4,545,906
Accounts receivable and unbilled revenue (583,082) (2,001,613)
Accrued expenses and other liabilities (420,875) (1,054,363)
Other (34,864) 0
Net cash provided by operating activities 1,053,019 6,106,272
Investing activities:    
Purchases of equipment and capitalized development costs (1,116,371) (1,525,888)
Net cash used in investing activities (1,116,371) (1,525,888)
Financing activities:    
Proceeds from revolving line of credit 7,950,000 4,000,000
Prepaid financing fees 25,600 25,600
Payments on revolving line of credit (7,950,000) (5,793,275)
Net taxes paid on RSU grants exercised (203,836) (360,608)
Payments on term note payable and capital leases (46,313) (1,909,422)
Treasury Stock Repurchase (22,499) 0
Net cash used in financing activities (247,048) (4,037,705)
Net change – cash (310,400) 542,679
Cash, beginning of year 4,257,204 3,714,525
Cash, end of year 3,946,804 4,257,204
Supplemental information:    
Interest paid 72,751 122,136
Income taxes paid, net of refund 26,000 280,453
Cash received from construction allowance 0 200,000
Non-cash investing and financing activities:    
Purchase of property and equipment under capital lease 0 103,609
Purchase of intangible assets through a contingent liability 0 715,874
Stock issuance for partial settlement of contingent liability 300,001 0
Write-down of domain names due to partial settlement of contingent liability $ 46,367 $ 0