XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 794,000 $ 1,954,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,097,000 859,000
Bad debt 48,000 54,000
Share based compensation 438,000 416,000
Changes in non-controlling interest 8,000  
Changes in operating assets and liabilities, net of business acquisitions and dispositions:    
Accounts receivable 2,299,000 (2,317,000)
Prepaid expenses and other assets (512,000) (598,000)
Accounts payable (153,000) 880,000
Accrued expenses, other liabilities and customer deposits 804,000 3,075,000
Net cash provided by operating activities 4,826,000 4,332,000
Investing activities    
Purchases of property, equipment and capitalized software (1,039,000) (704,000)
Partners investments in subsidiaries 20,000 16,000
Net cash used in investing activities (2,540,000) (1,088,000)
Financing activities    
Net payments on lines of credit (177,000) (2,884,000)
Proceeds from options exercised 95,000 105,000
Payments on term debt (22,000) (29,000)
Payments on capital lease obligations (154,000) (162,000)
Purchase of treasury shares (232,000) (24,000)
Net cash used in financing activities (490,000) (2,994,000)
Effects of foreign exchange rate on cash (477,000) (26,000)
Net change in cash and cash equivalents 1,319,000 224,000
Cash and cash equivalents at beginning of period 1,792,000 [1] 1,705,000
Cash and cash equivalents at end of period 3,111,000 1,929,000
Supplemental disclosure of cash flows information    
Interest paid 98,000 120,000
Income taxes paid 224,000 81,000
Supplemental disclosure of non-cash financing activities    
Acquisition of equipment through capital leases   253,000
MFI Business [Member]
   
Investing activities    
Purchase of subsidiary (1,300,000)  
India Preceptor Subsidiairy [Member]
   
Investing activities    
Purchase of subsidiary (21,000)  
NMS, LLC [Member]
   
Investing activities    
Purchase of subsidiary (200,000) (400,000)
Supplemental disclosure of non-cash financing activities    
Liability related to Acquisition   200,000
Stock issuance related to acquisition of NMS, LLC   165,000
Mexican Subsidiary [Member]
   
Supplemental disclosure of non-cash financing activities    
Liability related to Acquisition   $ 200,000
[1] The Balance Sheet at December 31, 2012, is excerpted from the consolidated audited financial statements as of that date but does not include certain information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.