CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (EUR €) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash Flow from Operating Activities
Net income (loss)	€ (2,577)	€ 3,355
Adjustments to reconcile net income (loss) to net cash used in operating activities
Change in the fair value of acquisition-related contingent consideration	0	(6,292)
Depreciation	24	15
Stock compensation expense - options	81	3
Changes in operating assets and liabilities
Receivables	3,401	4
Accounts payable	(319)	(868)
Other	(11)	589
Net cash provided by (used in) operating activities	599	(3,195)
Cash Flows from Investing Activities
Purchase of property and equipment	(16)	(77)
Net cash provided by (used in) investing activities	(16)	(77)
Cash Flows from Financing Activities
Increase in notes payable and other short-term advances	2,057	4,912
Decrease in notes payable and other short-term advances	(1,538)	(1,151)
Net cash used in financing activities	519	3,761
Effect on foreign exchange rate on cash	(56)	28
Net change in cash	1,046	517
Cash, beginning of period	297	286
Cash, end of period	1,343	803
Supplemental Disclosure of Cash Flow Information:
Cash Paid for Interest	€ 76	€ 0