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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net (loss) income $ (463,627) $ 1,722,712
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Settlement of tax liability 0 (406,453)
Depreciation and amortization 1,658,352 1,306,729
Stock based compensation 1,002,044 385,818
Amortization of financing fees 19,200 13,404
Recovery (Provision) of doubtful accounts 5,800 (13,036)
Adjustment of European liabilities related to discontinued operations (176,988) (56,611)
Change in operating assets and liabilities:    
Accounts receivable and unbilled revenue 685,436 (1,058,331)
Prepaid expenses and other assets 138,330 1,279
Accounts payable (2,030,096) 3,239,004
Accrued expenses and other liabilities (349,869) 63,275
Net cash provided by operating activities 488,582 5,197,790
Investing activities:    
Purchases of equipment and capitalized development costs (929,380) (1,050,678)
Net cash used in investing activities (929,380) (1,050,678)
Financing activities:    
Net proceeds (payments) on revolving line of credit 0 (1,793,275)
Net taxes paid on RSU grants exercised (140,742) (251,083)
Payments on term note payable and capital leases (37,553) (1,895,341)
Net cash used in financing activities (178,295) (3,939,699)
Net change – cash (619,093) 207,413
Cash, beginning of year 4,257,204 3,714,525
Cash, end of period 3,638,111 3,921,938
Supplemental information:    
Interest paid 55,085 102,969
Income taxes paid 26,000 97,483
Non-cash investing and financing activities:    
Purchase of property and equipment under capital lease 0 103,609
Purchase of intangible assets through a contingent liability 0 715,874
Stock issuance for partial settlement of contingent liability 300,001 0
Write-down of domain names due to partial settlement of contingent liability $ 46,367 $ 0