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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net loss $ (1,403,411) $ (16,966,455)
Adjustments to reconcile net income to cash used in operating activities, net of acquisitions    
Stock based compensation expense 124,599 88,214
Depreciation and amortization 2,885,457 1,556,982
Payment-in-kind interest 0 577,440
Rent paid by common stock 244,000 0
Gain on sale of assets (9,748,562) 0
Loss on sale of assets 46,725 70,478
Increase in fair value of derivative liability 1,986,320 0
Deferred federal income tax expense/(gain) 0 5,306,000
Changes in operating assets and liabilities    
Accounts receivable 2,637,258 (418,097)
Allowance for doubtful accounts 0 2,650,000
Inventory (1,016,556) 1,095,357
Prepaid expenses 428,958 (364,309)
Costs in excess of billings 0 779,285
Accounts payable and accrued expenses (3,770,626) 661,617
Deferred revenue 722,789 2,447,730
Net cash used in operating activities (6,863,049) (2,515,758)
Cash flows from investing activities    
Purchase of fixed assets (1,216,916) (312,659)
Proceeds from sale of Bango assets 29,788,114 4,500
Costs related to sale of Bango assets (10,792,446) 0
Establish escrow account - restricted cash (1,500,000) 0
Proceeds from sale of Bango assets 20,900 0
Net cash provided by (used in) investing activities 16,299,652 (308,159)
Cash flows from financing activities    
Proceeds from sale of Series C Preferred stock 4,000,000 0
Payments on other short and long-term debt 5,366,584 0
Payments on notes payable (16,592,492) (449,818)
Proceeds from revolving note 20,720,000 1,437,500
Payments on revolving note (21,913,664) 0
Notes receivable 0 (500,000)
Net cash provided by (used in) financing activities (8,419,572) 487,682
Net change in cash and cash equivalents 1,017,031 (2,336,235)
Cash and cash equivalents at beginning of the period 765,364 6,017,076
Cash and cash equivalents at end of period 1,782,395 3,680,841
SUPPLEMENTAL INFORMATION    
Cash paid for interest 474,573 953,115
Cash paid (received) for income tax expense (benefit) (117,646) 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Series A Preferred Stock into common stock 120 17
Accretion of discount on Series B Preferred stock 386,658 0
Series B Preferred dividends accrued $ 373,706 $ 0