XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income (loss) $ 109 $ (62)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 1,043 482
Deferred income taxes 41 0
Loss from interest in joint venture 77 0
Provision for doubtful accounts and commission adjustments 75 61
Amortization of debt issue costs 16 1
Share-based compensation 67 260
Provision for allowance for loss on loan receivable 412 0
Changes in operating assets and liabilities:    
Accounts and other receivables 2,596 10,429
Receivables due from related parties 108 1
Inventories, net 132 (354)
Deferred commission expense 90 (207)
Other current assets 0 (115)
Other assets, net 377 1,859
Accounts payable 194 (43)
Accrued commissions (481) (1,092)
Accrued expenses and other liabilities (198) (1,243)
Sales tax payable 48 (32)
Income taxes payable (202) (25)
Deferred revenue (734) (2,918)
Notes payable due to related party 0 31
Other long-term liabilities (22) (199)
Net cash provided by operating activities 3,748 6,834
Cash flows from investing activities    
Purchases of equipment and software (907) (188)
Purchases of short-term investments 0 (38)
Redemption of short-term investments 38 40
Acquisition of Netwolves 0 (18,000)
Cash acquired through purchase of Netwolves 0 733
Investment in VSK (422) (100)
Net cash used in investing activities (1,291) (17,553)
Cash flows from financing activities    
Net borrowings on revolving line of credit 994 0
Debt issuance costs (130) 0
Payroll taxes paid by withholding shares (6) 0
Repayment of notes payable (89) (21)
Proceeds from notes payable 0 4,550
Proceeds from note payable due to related party 300  
Payments on notes payable due to related party (72) 0
Net cash provided by financing activities 997 4,529
Effect of exchange rate differences on cash and cash equivalents 8 (7)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,462 (6,197)
Cash and cash equivalents - beginning of period 2,160 9,128
Cash and cash equivalents - end of period 5,622 2,931
SUPPLEMENTAL DISCLOSURE OF CASH INFORMATION    
Interest paid 436 15
Income taxes paid 310 66
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Inventories transferred to property and equipment, attributable to operating leases, net 144 3
Liability settled through issuance of common stock $ 178 $ 0