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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 1,044,805 $ 438,423
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 899,928 800,515
Bad debt expense 190,690 136,339
Deferred income taxes 72,564 (106,571)
Stock-based compensation expense 460,148 418,865
Non-cash interest expense 0 535,397
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (273,557) 421,412
Decrease (increase) in other assets (134,564) (295,643)
Increase (decrease) in accounts payable (94,946) 122,481
Increase (decrease) in accrued expenses (281,322) (168,497)
Increase (decrease) in deferred revenue 136,103 8,474
Net cash provided by operating activities 2,019,849 2,311,195
Cash flows from investing activities:    
Capitalized software (750,938) (337,401)
Purchase of fixed assets (58,732) (45,306)
Net cash used in investing activities (809,670) (382,707)
Cash flows from financing activities:    
Proceeds from exercise of stock options, net of income taxes 33,294 21,075
Tax benefit on stock-based compensation awards 0 18,709
Payment of dividend (309,727) 0
Net cash provided by (used in) financing activities (276,433) 39,784
Net change in cash 933,746 1,968,272
Cash - beginning 4,215,145 1,721,343
Currency translation adjustment (13,461) 1,965
Cash - ending 5,135,430 3,691,580
Supplemental disclosures:    
Cash paid for interest 0 85,870
Cash paid for income taxes 434,595 265,851
Non-cash activities:    
Stock-based compensation - capitalized software 352,244 188,144
Conversion of note payable to common stock $ 0 $ 1,666,673