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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (79) $ (494)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 778 424
Depreciation and amortization 462 262
Accretion of discounts/amortization of premium on investments 160 136
Amortization of warrant issuance costs 28  
Changes in operating assets and liabilities:    
Disbursement prefunding 1,194 (852)
Customer funds receivable (28,641) (7,173)
Prepaid expenses and other current assets 1,720 (1,137)
Other assets 49  
Customer liabilities 16,558 2,151
Transaction loss reserves (38) (46)
Accounts payable and accrued expenses 840 273
Other non-current liabilities 9  
Net cash used in operating activities (6,960) (6,456)
Cash flows from investing activities:    
Purchase of property, equipment and software (395) (1,062)
Purchase of marketable securities (33,873) (9,965)
Proceeds from sales and maturities of marketable securities 7,291 3,814
Change in restricted cash (1,012) (2,000)
Net cash used in investing activities (27,989) (9,213)
Cash flows from financing activities:    
Net proceeds from issuance of preferred stock   (5)
Proceeds from exercise of common stock options 400 25
Net borrowings under line of credit (15,000) (1,500)
Proceeds from initial public offering, net of costs 88,527  
Net cash provided by (used in) financing activities 73,927 (1,480)
Net increase (decrease) in cash and cash equivalents 38,978 (17,149)
Cash and cash equivalents, beginning of period 45,077 48,248
Cash and cash equivalents, end of period 84,055 31,099
Supplemental disclosures of cash flow information:    
Cash paid for taxes 2 2
Cash paid for interest 334 157
Purchases of property and equipment in accounts payable and accrued expenses 36 352
Deferred offering costs not yet paid $ 185