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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 849,927 $ 301,693
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 636,799 531,740
Bad debt expense 88,336 94,276
Deferred income taxes 75,025 (209,898)
Stock-based compensation expense 337,344 278,931
Non-cash interest expense 0 416,670
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (132,537) 366,150
Decrease (increase) in deposits and other current assets (150,988) (104,022)
Increase (decrease) in accounts payable (80,384) 85,936
Increase (decrease) in accrued expenses (342,972) 47,837
Increase (decrease) in deferred revenue 205,627 106,862
Net cash provided by operating activities 1,486,177 1,916,175
Cash flows from investing activities:    
Capitalized software (518,381) (202,407)
Purchase of fixed assets (44,613) (25,618)
Net cash used in investing activities (562,994) (228,025)
Cash flows from financing activities:    
Proceeds from exercise of stock options, net of income taxes 32,360 7,025
Tax benefit on stock-based compensation awards 0 16,191
Payment of dividend (167,382) 0
Net cash provided by (used in) financing activities (135,022) 23,216
Net change in cash 788,161 1,711,366
Cash - beginning 4,215,145 1,721,343
Currency translation adjustment (13,156) 16,311
Cash - ending 4,990,150 3,449,020
Supplemental disclosures:    
Cash paid for interest 0 66,667
Cash paid for income taxes 262,598 34,500
Non-cash activities:    
Stock-based compensation - capitalized software $ 267,688 $ 80,845