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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flow from operating activities    
Comprehensive income/(loss) $ (2,099,379) $ (1,216,618)
Adjustment to reconcile comprehensive income/(loss) to net cash used in operating activities    
Depreciation and amortization 820,736 689,100
Provision for preferred stock dividend 557,417 499,965
Stock, option and restricted stock unit expense 297,814 566,427
Foreign exchange translation adjustment 29,791 5,335
Increase (decrease) in:    
Accounts receivable 380,826 (1,530,536)
Other current assets (31,134) (324,267)
Increase (decrease) in:    
Accounts payable and accrued expenses (415,635) 472,661
Net cash provided by (used in) operating activities (459,564) (837,933)
Cash flow from investing activities    
Purchase of fixed assets 0 (10,493)
Acquisition consideration (1,069,259) (55,687)
Net cash used in investing activities (1,069,259) (66,180)
Cash flow from financing activities    
Proceeds from bank loan and convertible notes, net (1,233,407) 1,599,507
Additional stock issued 619,032 0
Contingent consideration for acquisitions (975,438) (255,783)
Non-controlling interest 0 (6,898)
Net cash provided by financing activities (1,589,813) 1,336,826
Net increase (decrease) in cash and cash equivalents (3,118,636) 432,713
Cash and cash equivalents as at beginning of the period 4,882,084 1,379,887
Cash at the end of the period $ 1,763,448 $ 1,812,600