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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net loss $ (4,061,596) $ (463,627)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,239,498 1,658,352
Stock based compensation 923,072 1,002,044
Provision of doubtful accounts 138,789 5,800
Amortization of financing fees 19,200 19,200
Adjustment of European liabilities related to discontinued operations 1,109 (176,988)
Change in operating assets and liabilities:    
Prepaid expenses and other assets 81,485 143,485
Accounts payable (1,099,692) (2,030,096)
Accrued expenses and other liabilities (967,553) (349,869)
Accounts receivable (237,078) 680,281
Net cash (used in) provided by operating activities (2,962,766) 488,582
Investing activities:    
Net cash received from NetSeer asset acquisition 235,763 0
Purchases of equipment and capitalized development costs (1,062,811) (929,380)
Net cash used in investing activities (827,048) (929,380)
Financing activities:    
Net proceeds on revolving credit line 5,000,000 0
Payoff of NetSeer debt acquired (2,015,577) 0
Net taxes paid on RSU grants exercised (97,376) (140,742)
Payments on capital leases (97,300) (37,553)
Treasury stock repurchase (44,772) 0
Net cash provided by (used in) financing activities 2,744,975 (178,295)
Net change – cash (1,044,839) (619,093)
Cash, beginning of year 3,946,804 4,257,204
Cash, end of period 2,901,965 3,638,111
Supplemental information:    
Interest paid 180,796 55,085
Income taxes paid 0 26,000
Non cash investing and financing activities:    
NetSeer stock issuance (See Note 13) 4,459,244 0
Purchase of property and equipment under capital lease 523,518 0
Stock issuance for partial settlement of contingent liability 0 300,001
Write-down of domain names and corresponding contingent liability $ 222,477 $ 46,367