XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 276,000 $ 1,154,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for bad debts 1,387,000 1,735,000
Amortization of intangibles 111,000 70,000
Depreciation of property and equipment 2,052,000 1,605,000
Amortization of debt issue costs 24,000 19,000
Stock-based compensation - options 384,000 258,000
Stock-based compensation - warrants and restricted stock 262,000 84,000
Changes in assets and liabilities, net:    
(Increase) decrease in accounts receivable, net of write-offs (3,360,000) (5,168,000)
(Increase) decrease in inventories 121,000 (324,000)
(Increase) decrease in other current assets 12,000 98,000
(Increase) decrease in other assets (87,000) 6,000
Increase (decrease) in accounts payable and other liabilities (649,000) 479,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 533,000 16,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of intangible assets    (1,013,000)
Purchases of property and equipment (608,000) (1,037,000)
NET CASH USED IN INVESTING ACTIVITIES (608,000) (2,050,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Restricted cash    200,000
Advances (payments) on credit facility, net (5,264,000) 2,495,000
Repayments of capital leases (1,194,000) (1,104,000)
Issuance of common stock and warrants for cash, net of transaction expenses 9,301,000 381,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,843,000 1,972,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,768,000 (62,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,868,000 2,628,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 4,636,000 2,566,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 495,000 529,000
Income taxes paid 17,000  
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Equipment leased under capital leases 1,402,000 2,140,000
Non-cash intangible asset purchase    $ 1,945,000