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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net (loss) income $ (1,693,054) $ 374,274
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 693,175 540,562
Stock based compensation 292,334 359,338
Amortization of financing fees 6,400 6,400
Adjustment of European liabilities related to discontinued operations 1,109 (5,144)
Recovery of doubtful accounts 0 (464)
Change in operating assets and liabilities:    
Accounts receivable 2,740,326 1,944,137
Prepaid expenses and other assets 109,577 64,747
Accounts payable (2,844,928) (2,411,075)
Accrued expenses and other liabilities (989,738) (299,033)
Net cash (used in) provided by operating activities (1,684,799) 573,742
Investing activities:    
Purchases of equipment and capitalized development costs (151,424) (372,598)
Net cash received from NetSeer Asset Acquisition 235,763 0
Net cash provided by (used in) investing activities 84,339 (372,598)
Financing activities:    
Payoff of NetSeer debt acquired (2,015,577) 0
Net proceeds on revolving line of credit 3,600,000 0
Payments on capital leases (7,250) (12,859)
Net taxes paid on RSU grants exercised 0 (11,952)
Net cash provided by (used in) financing activities 1,577,173 (24,811)
Net change – cash (23,287) 176,333
Cash, beginning of year 3,946,804 4,257,204
Cash, end of period 3,923,517 4,433,537
Supplemental information:    
Interest paid 25,317 18,063
NetSeer stock issuance (See Note 13) 4,459,244 0
Write-down of domain names and corresponding contingent liability $ 222,477 $ 0