XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flows from Operating Activities:    
Net income (loss) $ 369 $ (2,663)
Depreciation and amortization 1,436 1,078
Bad debt expense 102 290
Amortization of deferred financing costs 62 34
Loss on disposal of equipment 35 15
Stock-based compensation 234 514
Increase (decrease) in cash attributable to changes in assets and liabilities:    
Accounts receivable 84 67
Prepaid expenses and other current assets 47 (86)
Other assets (38) (86)
Accounts payable (951) (874)
Accrued sales taxes and regulatory fees (305) (344)
Accrued expenses (279) 451
Customer deposits (103) (65)
Deferred revenue (6) (17)
Net cash provided by (used in) operating activities - continuing operations 687 (1,686)
Net cash provided by operating activities - discontinued operations 65 242
Net cash provided by (used in) operating activities 752 (1,444)
Cash flows from Investing Activities:    
Proceeds on sale of equipment 12 61
Purchases of property and equipment (940) (1,620)
Net cash used in investing activities (928) (1,559)
Cash flows from Financing Activities:    
Proceeds from preferred stock offerings    4,000
Proceeds from exercise of stock options    8
Principal payments for capital lease (41)   
Proceeds from revolving loan facility    750
Costs related to private placements    (307)
Net cash provided by (used in) financing activities (41) 4,451
Increase (decrease) in cash (217) 1,448
Cash at beginning of year 2,035 587
Cash at end of year 1,818 2,035
Supplement disclosures of cash flow information:    
Cash paid during the period for interest 67 126
Non-cash investing and financing activities:    
Costs related to private placements incurred by issuance of placement agent warrants    443
Settlement of liabilities with restricted stock and stock options 51   
Property and equipment purchased with common stock 1,581   
Acquisition of equipment under capital leases 552   
Preferred stock conversion and warrant exchange $ 3,057