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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income $ 1,459,924 $ 730,661
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,320,734 2,563,887
Deferred income taxes (75,698) (234,400)
Amortization of financing fees 19,330 27,083
Adjustment of European liabilities related to discontinued operations (93,013) (370,980)
Provision of doubtful accounts 24,888 (44,882)
Stock based compensation 658,800 539,766
Other, net (96,291) 0
Change in operating assets and liabilities:    
Accounts receivable and unbilled revenue (1,515,018) 1,155,254
Prepaid expenses and other assets 171,819 (216,538)
Accounts payable 499,708 (2,500,619)
Accrued expenses and other liabilities 255,626 240,943
Other, net 0 2,827
Net cash provided by operating activities 2,630,809 1,893,002
Investing activities:    
Purchases of equipment and capitalized development costs (656,441) (878,466)
Grant funds received for equipment and office construction 0 360,812
Net cash used in investing activities (656,441) (517,654)
Financing activities:    
Deposit to collateralize letter of credit 0 301,158
Prepaid financing fees and other 43,896 37,600
Proceeds from revolving line of credit 1,700,000 4,775,000
Payments on revolving line of credit (2,934,002) (5,200,000)
Proceeds from term note payable 2,000,000 0
Payments on term note payable and capital leases (2,461,469) (1,033,835)
Net cash used in financing activities (1,651,575) (1,120,077)
Effect of exchange rate changes 0 (418)
Net change – cash 322,793 254,853
Cash, beginning of year 3,137,153 3,381,018
Cash, end of period 3,459,946 3,635,871
Supplemental information:    
Interest paid $ 237,365 $ 253,767