| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
686 | 837 | 1,871 | 1,555 | 144 | 42 | 628 | 305 | 239 | 429 | 274 | -963 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
1,667 | 1,397 | 735 | 1,077 | 1,099 | 1,158 | 494 | 138 | 54 | - | - | - |
Bad debt expense | |||||||||||
753 | 359 | 181 | 195 | 169 | 275 | 203 | 65 | 121 | 51 | 61 | 54 |
Impairment loss on intangible assets | |||||||||||
- | - | - | - | 547 | 0 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||
- | - | - | - | - | - | - | - | - | 39 | 38 | 35 |
Deferred income taxes | |||||||||||
-528 | -336 | -50 | -210 | -631 | -999 | -276 | -9 | 21 | -220 | - | - |
Impairment charges | |||||||||||
- | - | - | - | - | - | - | - | - | 4 | - | 130 |
Non-cash interest expense | |||||||||||
25 | 25 | 6 | 0 | 535 | 1,541 | 446 | 0 | - | 34 | - | - |
Excess tax benefit from share based compensation | |||||||||||
- | - | - | - | - | - | - | -11 | 0 | - | - | - |
Stock-based compensation expense | |||||||||||
523 | 629 | 516 | 592 | 549 | 410 | 282 | 415 | 101 | 116 | - | - |
Changes in operating assets and liabilities: | |||||||||||
GainLossRelatedToLitigationSettlement | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 16 |
Stock-based expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | 10 | 668 |
Decrease (increase) in accounts receivable | |||||||||||
1,210 | 645 | 66 | 259 | -586 | 343 | 212 | 248 | 307 | -74 | 47 | 95 |
Decrease (increase) in other assets | |||||||||||
-362 | -743 | 711 | -63 | -68 | 159 | -245 | -72 | 101 | -6 | - | - |
Increase (decrease) in deposits and prepaids | |||||||||||
- | - | - | - | - | - | - | - | - | - | 14 | -0 |
Increase (decrease) in accounts payable | |||||||||||
-117 | -322 | 309 | -39 | 132 | -8 | -89 | -40 | 37 | 13 | -91 | 88 |
Increase (decrease) in accrued expenses | |||||||||||
144 | -114 | -291 | -256 | 20 | -311 | 190 | 130 | 183 | 8 | -43 | 109 |
Increase (decrease) in deferred revenue | |||||||||||
559 | 296 | 12 | 43 | -44 | -142 | -523 | -64 | 126 | 51 | - | - |
Net cash provided by operating activities | |||||||||||
2,864 | 2,869 | 2,512 | 2,761 | 3,176 | 1,462 | 1,389 | 754 | 478 | 446 | 186 | 11 |
Cash flows from investing activities: | |||||||||||
Purchase of VisualWebcaster Platform | |||||||||||
2,788 | 1,123 | 1,872 | 0 | - | - | 3,178 | 0 | - | - | - | - |
Purchase of fixed assets | |||||||||||
420 | 51 | 11 | 112 | 109 | 71 | 43 | 18 | 43 | 48 | - | - |
Purchase of Accesswire intangible assets | |||||||||||
- | - | - | - | - | 1,700 | 0 | 281 | 40 | 0 | - | - |
Capitalized software | |||||||||||
20 | 21 | 934 | 1,077 | 553 | 0 | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-3,228 | -1,195 | -2,817 | -1,189 | -663 | -1,771 | -3,222 | -299 | -83 | -48 | - | - |
Cash flows from financing activities: | |||||||||||
Payment for stock repurchase and retirement | |||||||||||
773 | 2,635 | 0 | - | - | - | - | - | 36 | -39 | 10 | - |
Payment on notes payable (See Note 4) | |||||||||||
320 | 288 | 0 | - | - | - | - | - | - | - | 64 | 40 |
Purchase of property and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 16 | 10 |
Net cash provided by (used in) investing activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | -16 | -10 |
Proceeds from secondary stock offering (see Note 7) | |||||||||||
0 | 13,323 | 0 | - | - | - | - | - | - | - | - | 50 |
Proceeds from exercise of stock options, net of income taxes | |||||||||||
0 | 747 | 389 | 35 | 28 | 172 | 124 | 43 | 0 | - | - | - |
Excess tax benefit from share based compensation | |||||||||||
- | - | - | - | 38 | 168 | 0 | 11 | 0 | - | - | - |
Payment of dividend | |||||||||||
0 | 460 | 588 | 453 | 83 | 0 | 117 | 270 | 0 | - | - | - |
Borrowings on long term debt | |||||||||||
- | - | - | - | - | - | 2,500 | 0 | - | - | - | - |
Advance from line of credit | |||||||||||
- | - | - | - | - | - | 500 | 275 | 0 | - | - | - |
Repayment of line of credit | |||||||||||
- | - | - | - | - | - | 650 | 125 | 0 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||||
-1,093 | 10,687 | -199 | -418 | -16 | 340 | 2,357 | -66 | -36 | -39 | - | - |
Net cash provided by (used in) financing activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | -74 | 9 |
Net change in cash | |||||||||||
-1,457 | 12,361 | -504 | 1,154 | 2,496 | 31 | 524 | 388 | 357 | 358 | 95 | 11 |
Currency translation adjustment | |||||||||||
1 | -56 | 82 | -30 | -2 | -23 | -61 | 0 | - | - | - | - |
Supplemental disclosures: | |||||||||||
Cash paid for interest | |||||||||||
- | - | - | - | 85 | 167 | 77 | 12 | 0 | 0 | - | - |
Cash paid for income taxes | |||||||||||
340 | 66 | 943 | 716 | 282 | 862 | 699 | 22 | 0 | 0 | - | - |
Non-cash activities: | |||||||||||
Right-of-use assets obtained in exchange for lease liabilities | |||||||||||
2,856 | 0 | - | - | - | - | - | - | - | - | - | - |
Common stock issued for acquisition of assets | |||||||||||
- | - | - | - | - | 140 | 0 | - | - | - | - | - |
Common stock issued for acquisition of customer list | |||||||||||
- | - | - | - | - | - | - | 140 | - | - | - | - |
Issuance of beneficial conversion feature to holder of note payable | |||||||||||
- | - | - | - | - | 0 | 2,500 | 0 | - | - | - | - |
Stock-based compensation - capitalized software | |||||||||||
- | - | 57 | 430 | 195 | 0 | - | - | - | - | - | - |
Purchase of Interwest in exchange of note payable | |||||||||||
- | - | 851 | 0 | 1,666 | 856 | 0 | - | - | - | - | - |
Stock-based compensation - capitalized software | |||||||||||
- | - | 57 | 430 | - | 0 | - | - | - | - | - | - |
Common stock issued for services | |||||||||||
- | - | - | - | - | - | - | - | - | 59 | - | - |
Related party notes payable and accrued interest converted to preferred shares | |||||||||||
- | - | - | - | - | - | - | - | - | 27 | - | - |