XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ (1,617,000) $ 113,000
Loss from discontinued operations 0 211,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,531,000 2,005,000
Provision for bad debts 236,000 385,000
Provision for obsolete inventory 1,870,000 1,877,000
Equity based compensation 987,000 (85,000)
Deferred income tax (440,000) (1,008,000)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (820,000) 3,482,000
Inventories (2,923,000) (1,004,000)
Income tax receivable/payable (619,000) (1,009,000)
Other current assets (929,000) (526,000)
Other assets (216,000) 605,000
Accounts payable 1,598,000 (8,702,000)
Accrued salaries and benefits (242,000) 6,000
Accrued expenses 1,225,000 (2,295,000)
Customer deposits 102,000 (441,000)
Deferred service revenue 2,263,000 1,191,000
Other liabilities 10,000 563,000
Net cash provided by (used in) operating activities-continuing operations 3,016,000 (4,632,000)
Net cash used in operating activities-discontinued operations 0 (396,000)
Net cash provided by (used in) operating activities 3,016,000 (5,028,000)
Cash flows from investing activities:    
Capital expenditures (1,633,000) (762,000)
Capitalization of software costs (2,257,000) (3,216,000)
Payments for acquisition (5,000,000) 0
Net cash used in investing activities (8,890,000) (3,978,000)
Cash flows from financing activities:    
Payments of long-term debt (129,000) (119,000)
Proceeds from other borrowings 5,982,000 0
Proceeds from the exercise of stock options 13,000 52,000
Net cash used in financing activities 5,866,000 (67,000)
Effect of exchange rate changes on cash and cash equivalents 262,000 (300,000)
Net increase (decrease) in cash and cash equivalents 254,000 (9,373,000)
Cash and cash equivalents at beginning of period 10,015,000 19,475,000
Cash and cash equivalents at end of period 10,269,000 10,102,000
Less cash and equivalents of discontinued operations at end of period 0 0
Cash and equivalents of continuing operations at end of period 10,269,000 10,102,000
Cash paid during the period for:    
Interest 63,000 42,000
Income taxes, net of (refunds) $ 592,000 $ 1,034,000