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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,010,626 $ 6,933,001
Adjustments to reconcile to net cash provided by operating activities:    
Deferred tax provision 1,604,000 2,802,000
Depreciation 415,812 321,641
Amortization of intangible assets 4,310,343 3,790,118
Stock based compensation charges 1,579,725 1,338,049
Changes in assets and liabilities:    
Restricted cash and investments 0 357
Accounts receivable, net 6,623,910 4,111,676
Prepaid and other assets (432,056) (454,494)
Accrued expenses and other liabilities (1,480,046) (275,351)
Deferred revenue (3,197,347) (724,837)
Net cash provided by operating activities 12,434,967 17,842,160
CASH FLOWS FROM INVESTING ACTIVITIES:    
Website and database development additions (6,567,863) (3,754,928)
Furniture, fixtures and equipment additions (2,466,432) (247,184)
Proceeds from sale of furniture, fixtures and equipment 2,091 0
Net cash (used in) investing activities (9,032,204) (4,002,112)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends (5,813,374) (4,750,410)
Registration statement costs 0 (89,331)
Proceeds from option exercises 153,000 206,250
Payments for option cancellations and restricted stock units (701,159) (992,971)
Payment of financing cost (180,552) 0
Stock repurchases (357,991) 0
Net cash (used in) financing activities (6,900,076) (5,626,462)
Net (decrease) increase in cash and cash equivalents (3,497,313) 8,213,586
Cash and cash equivalents, beginning of period 28,657,956 17,745,077
Cash and cash equivalents, end of period 25,160,643 25,958,663
SUPPLEMENTAL INFORMATION:    
Cash paid during the period for interest 29,722 18,958
Cash paid during the period for income taxes 635,692 447,483
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrual for website and database development additions   700,000
Accrual for furniture, fixtures and equipment additions 38,766  
Disposal of fully depreciated furniture, fixtures and equipment 64,039 96,302
Shares issued for vested employee restricted stock units $ 1,048 $ 1,297