XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 159 $ 169
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 488 468
Bad debt expense, net of recoveries (40) 19
Share based compensation 88 102
Changes in operating assets and liabilities:    
Accounts receivable 3,039 1,186
Prepaid expenses and other assets (466) 646
Accounts payable 1,052 (258)
Accrued expenses, other current liabilities and customer deposits 99 (890)
Net cash provided by operating activities 4,419 1,442
Investing activities    
Purchases of property and equipment and capitalized software (372) (584)
Net cash used in investing activities (372) (584)
Financing activities    
Net payments on lines of credit $ (1,868) (428)
Proceeds from stock options exercised 2
Payments on term debt $ (6) $ (6)
Distribution to non-controlling investors (286)
Net cash used in financing activities (2,160) $ (432)
Effect of foreign exchange rate changes on cash (572) (516)
Net change in cash and cash equivalents 1,315 (90)
Cash and cash equivalents at beginning of year 5,718 4,382
Cash and cash equivalents at end of period 7,033 4,292
Supplemental disclosure of cash flows information    
Interest paid 46 72
Income taxes paid $ 39 $ 55