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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income $ 1,057,050 $ 90,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 896,309 1,955,701
Deferred income taxes (75,698) (158,699)
Amortization of financing fees 12,980 20,833
Adjustment of European liabilities related to discontinued operations (59,063) (306,036)
Provision for doubtful accounts 15,032 0
Stock based compensation 378,830 300,413
Other, net (96,289) 2,830
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable and unbilled revenue (161,440) 724,454
Prepaid expenses and other assets 43,086 (208,521)
Accounts payable (728,227) (2,311,397)
Accrued expenses and other liabilities 217,644 722,267
Other, net 0 (170,088)
Net cash provided by operating activities 1,500,214 662,619
Investing activities:    
Purchases of equipment and capitalized development costs (375,285) (681,231)
Grant funds received for equipment and office construction 0 360,812
Net cash used in investing activities (375,285) (320,419)
Financing activities:    
Deposit to collateralize letter of credit 0 301,158
Proceeds from revolving line of credit 1,350,000 3,500,000
Prepaid financing fees and other 0 37,600
Payments on revolving line of credit (1,261,469) (3,717,309)
Payments on term note payable and capital leases (949,576) (692,908)
Net cash used in financing activities (861,045) (571,459)
Effect of exchange rate changes 0 (124)
Net change – cash 263,884 (229,383)
Cash, beginning of year 3,137,153 3,381,018
Cash, end of period 3,401,037 3,151,635
Supplemental information:    
Interest paid $ 161,564 $ 173,074