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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 772 $ 1,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,034 532
Bad debt expense 150 119
Deferred income taxes (15) 0
Non-cash interest expense (See Note 3) 19 0
Stock-based compensation expense 489 365
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (479) 122
Decrease (increase) in other assets 229 (207)
Increase (decrease) in accounts payable (197) 127
Increase (decrease) in accrued expenses (281) (193)
Increase (decrease) in deferred revenue 432 104
Net cash provided by operating activities 2,153 2,095
Cash flows from investing activities:    
Purchase of Filing Services Canada, Inc., net of cash received (See Note 3) (1,123) 0
Capitalized software (21) (891)
Purchase of fixed assets (48) (9)
Net cash used in investing activities (1,192) (900)
Cash flows from financing activities:    
Proceeds from secondary stock offering 13,323 0
Proceeds from exercise of stock options, net of income taxes 747 235
Payment of dividends (460) (440)
Net cash provided by (used in) financing activities 13,610 (205)
Net change in cash 14,571 990
Cash - beginning 4,917 5,339
Currency translation adjustment (44) 78
Cash - ending 19,444 6,407
Supplemental disclosures:    
Cash paid for income taxes 46 659
Non-cash activities:    
Stock-based compensation - capitalized software $ 0 $ 57