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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Cash flows from operating activities:          
Net (loss) income $ (3,534,882) $ (2,668,184) $ (7,831,494) $ 2,594,195  
Adjustments to reconcile net (loss) income to net cash used in operating activities:          
Depreciation and amortization     747,974 1,058,581  
Share-based payment compensation     637,231 731,584  
Non-cash professional services expenses     1,480,725 69,190  
Restructuring costs     177,389 157,971  
Payment of restructuring costs     (59,510) (422,868)  
Loss on disposal of fixed assets     0 13,185  
Provision for returns and doubtful accounts     61,068 17,808  
Deferred income tax provision     (265,756) 32,898  
Changes in operating assets and liabilities:          
Accounts receivable     1,787,845 2,655,194  
Prepaid expenses and other current assets     377,103 (176,307)  
Inventory     64,353 202,257  
Other assets     23,429 41,492  
Accounts payable     (42,587) (100,169)  
Accrued expenses and other long-term liabilities     (407,633) 1,472,222  
Deferred revenue     (541,348) (9,994,575)  
Net cash used in operating activities     (3,791,211) (1,647,342)  
Cash flows from investing activities:          
Sales of marketable securities     6,066,000 6,328,000  
Purchases of marketable securities     (150,000) (6,041,913)  
Purchases of property and equipment     (110,421) (505,357)  
Capitalized software development costs     0 (14,100)  
Security deposits     82,311 166,003  
Purchase of intangible assets     (61,506) (139,989)  
Net cash provided by (used in) investing activities     5,826,384 (207,356)  
Cash flows from financing activities:          
Proceeds from exercise of stock options     0 42,412  
Repurchase of common stock     0 (137,859)  
Dividends paid on Series A redeemable convertible preferred stock     0 (377,690)  
Net cash used in financing activities     0 (473,137)  
Effect of exchange rate changes on cash and cash equivalents     (123,221) (238,507)  
Net increase (decrease) in cash and cash equivalents     1,911,952 (2,566,342)  
Cash and cash equivalents, beginning of period     6,013,382 10,873,891 $ 10,873,891
Cash and cash equivalents, end of period 7,925,334 8,307,549 7,925,334 8,307,549 $ 6,013,382
Supplemental disclosures:          
Cash paid for income taxes, net     443,908 98,653  
Non-cash investing and financing activities:          
Undistributed Series A redeemable convertible preferred stock dividends $ 195,366 $ 186,904 195,366 186,904  
Series A redeemable convertible preferred stock dividend payment     $ 381,413 $ 0