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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net (loss) income $ (531,000) $ 310,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 1,606,000 1,238,000
Non cash lease expense 566,000 0
Amortization of deferred financing costs 15,000 14,000
Amortization of deferred hosting costs 179,000 27,000
Decrease in provision for doubtful accounts (1,000) 0
Stock-based compensation 69,000 72,000
Changes in operating assets and liabilities:    
Receivables 1,257,000 715,000
Prepaid expenses and other 41,000 (126,000)
Deferred hosting costs (652,000) (641,000)
Other assets (11,000) (7,000)
Accounts payable and accrued expenses (170,000) (206,000)
Deferred revenues 547,000 27,000
Lease liabilities (566,000) 0
Net cash provided by operating activities 2,349,000 1,423,000
Cash flows from investing activities:    
Purchases of property and equipment (109,000) (34,000)
Capitalized software development costs (1,504,000) (1,785,000)
Net cash used in investing activities (1,613,000) (1,819,000)
Cash flows from financing activities:    
Dividend payments on preferred stock (200,000) (55,000)
Payment on the term note from Bridge Bank 0 (225,000)
Payment on line of credit from Bridge Bank (9,100,000) (5,058,000)
Proceeds on line of credit from Bridge Bank 9,078,000 5,150,000
Proceeds from exercise of stock options 59,000 0
Net cash used in financing activities (163,000) (188,000)
Effect of exchange rate changes on cash (10,000) 24,000
Net increase (decrease) in cash, cash equivalents and restricted cash 563,000 (560,000)
Cash, cash equivalents and restricted cash, beginning of period 1,348,000 2,001,000
Cash, cash equivalents and restricted cash, end of period 1,911,000 1,441,000
Supplemental disclosure of cash flows information:    
Cash paid for interest 124,000 97,000
Supplemental disclosure of non-cash flows information:    
Accrued preferred dividends $ 250,000 $ 250,000