| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
30,001 | -7,548 | -5,722 | -972 | -1,757 | -262 | -1,662 | -3,032 | -649 | -1,137 |
Adjustments to reconcile net income (loss) to net cash used in operations: | |||||||||
Depreciation and amortization | |||||||||
18,165 | 12,927 | 6,058 | 3,613 | 3,012 | 2,821 | 2,947 | 2,295 | 1,050 | 1,016 |
Goodwill, Impairment Loss | |||||||||
35,060 | 0 | - | - | - | - | - | - | - | - |
Amortization of debt financing costs and discount | |||||||||
1,462 | 1,451 | 0 | - | - | - | - | - | - | - |
Release of contingent consideration | |||||||||
0 | -489 | 0 | 94 | 28 | 72 | - | - | - | - |
Amortization of leasehold advance and lease impairment | |||||||||
- | - | - | - | - | - | - | - | - | -758 |
Provision for doubtful accounts | |||||||||
446 | 504 | 495 | 265 | 100 | 48 | 37 | 179 | 10 | 13 |
Benefit from deferred income taxes | |||||||||
-1,193 | -7,083 | 0 | - | - | - | - | - | - | - |
Gain on settlement of note payable and litigation | |||||||||
- | - | - | - | - | 1,034 | 0 | - | - | - |
Gain on modification of debt | |||||||||
- | - | - | - | -4 | -1,402 | 0 | -198 | - | - |
Interest income on settlement | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
(Gain) loss on sale/disposal of assets | |||||||||
- | - | - | - | - | - | - | -28 | 0 | 23 |
Amortization of original issue discount (OID) | |||||||||
- | - | - | - | - | - | 481 | 815 | 46 | - |
Derivative mark-to-market | |||||||||
- | - | - | - | - | - | - | - | 561 | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
-2,808 | 479 | 0 | - | - | - | 98 | 0 | - | - |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | |||||||||
94,293 | 0 | - | - | - | - | - | - | - | - |
Share-based compensation | |||||||||
2,268 | 1,687 | 593 | 226 | 409 | 226 | 160 | 88 | 81 | 53 |
Note receivable from customer | |||||||||
- | - | - | - | 601 | 0 | - | - | - | - |
Release of contingent consideration | |||||||||
- | - | - | - | - | 327 | 0 | - | - | - |
Interest income on settlement | |||||||||
- | - | - | - | - | - | 49 | - | - | - |
Loss on disposals of fixed assets | |||||||||
-62 | -53 | 0 | - | - | - | 72 | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
1,446 | 1,719 | 4,096 | 3,401 | -524 | 1,419 | - | - | - | - |
Accounts receivable | |||||||||
- | - | - | - | - | - | 899 | - | - | - |
Loss on debt conversion | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Loss on disposal of subtenant leasehold improvements | |||||||||
- | - | - | - | - | - | - | - | - | 199 |
Issuance of note receivable | |||||||||
- | - | - | - | - | - | - | - | - | -122 |
Accounts receivable | |||||||||
- | - | - | - | - | - | - | -1,095 | -192 | 274 |
Inventory | |||||||||
1,581 | 2,948 | 17 | -297 | 615 | 93 | -177 | 150 | 5 | 24 |
Prepaid expenses and other assets | |||||||||
-554 | 1,437 | 1,325 | -233 | 527 | 82 | -495 | 229 | 70 | -42 |
Accounts payable | |||||||||
-3,174 | 1,595 | -254 | -1,104 | 1,120 | -136 | -1,008 | - | - | - |
Accounts payable | |||||||||
- | - | - | - | - | - | - | 692 | 377 | -456 |
Accrued expenses and other long-term obligations | |||||||||
5,649 | -2,410 | 1,589 | 466 | 422 | 550 | 737 | 140 | 257 | -173 |
Operating lease liabilities | |||||||||
-900 | - | - | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
5,662 | -1,233 | 2,643 | -1,729 | 635 | 213 | 928 | 940 | 1,503 | 193 |
Net cash provided by (used in) operating activities | |||||||||
-450 | -7,129 | -36 | -2,012 | 3,355 | 2,706 | 2,025 | 2,809 | 3,353 | -939 |
Cash flows from investing activities: | |||||||||
Proceeds from sale of discontinued operations | |||||||||
118,206 | 0 | - | - | - | - | - | - | - | - |
Acquisitions, net of cash acquired | |||||||||
7,443 | 66,984 | 45,390 | 12,000 | 0 | 3,440 | 0 | 9,800 | 10,401 | - |
Acquisition of intangible asset | |||||||||
- | - | - | - | - | - | 62 | 351 | 0 | - |
Purchases of property and equipment | |||||||||
1,017 | 1,898 | 1,400 | 436 | 1,406 | 807 | 383 | 904 | 121 | 141 |
Software capitalization costs | |||||||||
3,824 | 3,896 | 1,658 | 0 | - | - | - | - | - | - |
Disposals of property and equipment | |||||||||
- | - | - | - | 18 | 38 | 0 | - | - | - |
Collection of note receivable | |||||||||
- | - | - | 223 | 0 | 9 | 10 | 77 | 26 | - |
Restricted cash | |||||||||
- | - | -200 | 0 | - | -400 | 150 | 250 | 0 | - |
Net change in funds held for clients | |||||||||
8,980 | 34,450 | 10,244 | 6,562 | 0 | - | - | - | - | - |
Net cash provided by investing activities | |||||||||
96,942 | -107,228 | -58,492 | -18,775 | -1,388 | -4,200 | -435 | -10,978 | -10,496 | -141 |
Cash flows from financing activities: | |||||||||
Proceeds from notes payable | |||||||||
28,636 | 36,750 | 45,777 | 18,413 | 5,300 | 18,181 | 4,000 | 14,500 | - | - |
Payments of notes payable | |||||||||
118,421 | 7,105 | 8,973 | 7,233 | 6,765 | 19,311 | 6,880 | 3,833 | 0 | - |
Proceeds from revolving line of credit | |||||||||
10,231 | 4,540 | 0 | - | - | - | - | - | 500 | - |
Payments on conversion of subordinated notes payable | |||||||||
- | - | - | - | - | - | - | 222 | - | - |
Payments of revolving line of credit | |||||||||
10,312 | 4,540 | 0 | - | - | - | - | 500 | -6,783 | - |
Payments on amendment of senior notes payable | |||||||||
- | - | - | - | 75 | 704 | 330 | - | - | - |
Debt financing fees | |||||||||
1,539 | 1,693 | 1,433 | 438 | 0 | 565 | 0 | 680 | 0 | - |
Payments of finance leases | |||||||||
102 | 135 | 131 | 197 | 190 | 144 | 88 | - | - | - |
Insurance proceeds for settlement of notes payable dispute, net of expenses | |||||||||
- | - | - | - | - | 372 | 0 | - | - | - |
Proceeds from issuance of common stock | |||||||||
- | - | - | - | - | - | 3,433 | 0 | - | 0 |
Payments on subordinated convertible notes payable on amendment and conversion | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Payments on capital leases | |||||||||
- | - | - | - | - | - | - | 33 | 58 | 48 |
Net proceeds from issuance of common stock | |||||||||
820 | 39,449 | 28,002 | 15,192 | 587 | 24 | 35 | 20 | 6 | - |
Net change in client fund obligations | |||||||||
7,692 | 34,522 | 10,299 | 6,562 | 0 | - | - | - | - | - |
Purchase of treasury stock | |||||||||
- | - | - | - | - | - | - | - | - | 110 |
Net cash used in financing activities | |||||||||
-82,995 | 101,788 | 73,541 | 32,299 | -1,143 | -2,147 | 170 | 9,252 | 7,231 | -158 |
Effect of foreign exchange rates | |||||||||
-115 | 221 | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
13,382 | -12,348 | - | - | - | - | - | - | - | - |
Effect of foreign exchange rates | |||||||||
- | - | 12 | 97 | 14 | 23 | 1 | 27 | -91 | 45 |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | 15,025 | 11,609 | 838 | -3,618 | 1,761 | 1,110 | -3 | -1,193 |
Supplemental information: | |||||||||
Cash paid for: | |||||||||
Interest | |||||||||
8,897 | 7,819 | 3,466 | - | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | 1,415 | 995 | 941 | 1,461 | 797 | 5 | - |
Income taxes | |||||||||
126 | 91 | 23 | 0 | - | - | - | - | - | - |
Non-cash Investing and Financing Activities: | |||||||||
Subordinated notes payable –acquisitions | |||||||||
0 | 7,592 | 9,193 | 6,000 | - | - | - | - | - | - |
Subordinated notes payable- Mangrove acquisition | |||||||||
- | - | - | - | 0 | 248 | 93 | 2,247 | 0 | - |
Accrued purchases of property and equipment | |||||||||
- | - | - | - | 17 | 0 | - | - | - | - |
Note receivable from customer | |||||||||
- | - | - | - | - | - | - | - | - | 120 |
Equity issued in connection with acquisitions | |||||||||
555 | 4,493 | 22,353 | 0 | - | - | - | 747 | 0 | - |