XML 42 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (5,566,000) $ (5,905,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Write-down of capitalized software development costs (1,538,000) 0
Depreciation 383,000 413,000
Amortization of definite-lived intangible assets 370,000 108,000
Capitalized software amortization (291,000) (173,000)
Gain on change in fair value of contingent consideration, net 739,000 69,000
Stock-based compensation expense 407,000 514,000
Equity loss on investments (233,000) (38,000)
(Gain) loss on derivative instruments, net (59,000) 178,000
Changes in assets and liabilities:    
Contract receivables (3,580,000) (11,928,000)
Prepaid expenses and other assets 409,000 (419,000)
Accounts payable, accrued compensation and accrued expenses 1,262,000 (2,292,000)
Billings in excess of revenue earned (1,618,000) 792,000
Accrued warranty reserves 158,000 (349,000)
Other liabilities (120,000) (575,000)
Net cash provided by operating activities 1,307,000 5,155,000
Cash flows from investing activities:    
Capital expenditures 217,000 240,000
Capitalized Software Development Costs 1,411,000 590,000
Restrictions of cash as collateral under letters of credit 1,148,000 3,159,000
Releases of cash as collateral under letters of credit 1,824,000 34,000
Net cash used in investing activities (952,000) (3,955,000)
Cash flows from financing activities:    
Payments on line of credit (339,000) 0
Payments of the liability-classified contingent consideration arrangements 500,000 500,000
Net cash used in financing activities (839,000) (500,000)
Effect of exchange rate changes on cash (267,000) (315,000)
Net increase (decrease) in cash and cash equivalents (751,000) 385,000
Cash and cash equivalents at beginning of year 13,583,000 15,643,000
Cash and cash equivalents at end of period $ 12,832,000 $ 16,028,000