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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,604,125 $ 1,222,016
Adjustments to reconcile to net cash provided by operating activities:    
Deferred tax provision 864,000 709,000
Depreciation 112,870 105,958
Amortization of intangible assets 1,378,486 1,221,190
Stock based compensation charges 534,444 446,244
Changes in assets and liabilities:    
Restricted cash and investments   (131)
Accounts receivable, net 6,633,929 6,855,043
Prepaid and other assets (354,080) (117,523)
Accrued expenses and other liabilities (1,675,828) (1,593,205)
Deferred revenue (3,023,103) (1,568,506)
Net cash provided by operating activities 6,074,843 7,280,086
CASH FLOWS FROM INVESTING ACTIVITIES:    
Website and database development costs (2,164,321) (1,082,189)
Furniture, fixtures and equipment additions (839,641) (58,452)
Cash (used in) investing activities (3,003,962) (1,140,641)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends (1,936,421) (1,581,639)
Proceeds from option exercises   56,250
Payments for option cancellations and restricted stock units (701,159) (992,971)
Payment of financing costs (180,552)  
Net cash (used in) financing activities (2,818,132) (2,518,360)
Net increase in cash and cash equivalents 252,749 3,621,085
Cash and cash equivalents, beginning of period 28,657,956 17,745,077
Cash and cash equivalents, end of period 28,910,705 21,366,162
SUPPLEMENTAL INFORMATION:    
Cash paid during the period for interest 6,389 6,389
Cash paid during the period for income taxes 288,011 164,700
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrual for website and database development costs 175,000  
Disposal of fully depreciated furniture, fixtures and equipment 29,697 45,286
Shares issued for vested employee restricted stock units 1,048 $ 1,297
Shares issued for option exercises 150  
Proceeds receivable from option exercises 78,000  
Proceeds receivable from furniture, fixtures and equipment disposal $ 2,091