XML 29 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (11,855,303) $ (8,905,563)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 2,224,070 2,980,215
Share-based payment compensation 2,529,229 4,397,103
Non-cash professional services expenses 126,071 575,567
Realized loss on marketable securities   120
Tax benefit from stock option exercises   (412,815)
Provision for returns and doubtful accounts (317,809) 1,332,905
Deferred income tax provision 14,912 23,585
Changes in operating assets and liabilities:    
Accounts receivable 6,060,390 7,072,901
Prepaid expenses and other current assets (263,610) (43,847)
Income tax receivable   (5,512,694)
Inventory 190,831 (1,152,838)
Other assets 11,854 220,292
Accounts payable 936,232 (390,630)
Accrued expenses and other liabilities 431,453 (779,709)
Deferred revenue 2,248,781 (386,101)
Net cash provided by (used in) operating activities 2,337,101 (981,509)
Cash flows from investing activities:    
Sales of marketable securities 10,284,132 9,113,411
Purchases of marketable securities (12,231,093) (10,555,448)
Purchases of property and equipment (1,289,194) (1,744,897)
Capitalized software development costs (700,084)  
Security deposits (8,522) 1,981
Purchase of intangible assets (35,220) (75,193)
Net cash used in investing activities (3,979,981) (3,260,146)
Cash flows from financing activities:    
Proceeds from exercise of stock options 552,774 249,343
Tax benefits from stock option exercises   412,815
Net cash provided by financing activities 552,774 662,158
Effect of exchange rate changes on cash and cash equivalents (135,803) (263,734)
Net decrease in cash and cash equivalents (1,225,909) (3,843,231)
Cash and cash equivalents, beginning of period 17,842,555 15,752,528
Cash and cash equivalents, end of period 16,616,646 11,909,297
Cash paid for income taxes $ 278,871 $ 27,500