ISSUER DIRECT CORP ISDR Cash Flow

Issuer direct corp (ISDR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income
226,000	69,000	200,000	212,000	205,000	65,000	86,000	366,000	320,000	745,000	309,000	492,000	325,000	510,000	195,000	356,712	493,288	-293,839	136,730	65,028	236,665	-65,129	76,174	68,023	-36,942	-69,387	117,745	364,681	215,538	113,129	213,590	35,949	-56,936	-106,241	71,081	300,218	-25,782	206,671	-40,772	128,843	134,664	-76,062	-9,958	268,849	91,345
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
374,000	406,000	430,000	419,000	412,000	363,000	354,000	340,000	340,000	203,000	182,000	185,000	165,000	177,000	263,000	330,072	306,928	299,355	268,775	263,399	268,341	328,479	266,547	281,170	281,866	282,967	143,689	32,588	34,935	34,329	32,523	35,429	36,068	14,804	14,900	13,182	11,818	-	-	-	-	-	-	-	-
Bad debt expense
93,000	53,000	145,000	331,000	224,000	209,000	57,000	50,000	43,000	62,000	32,000	55,000	32,000	4,000	103,000	52,772	35,228	32,681	42,063	17,339	76,937	69,451	101,277	-51	104,980	71,727	49,654	40,979	40,776	4,508	15,669	36,949	8,201	22,130	14,474	64,163	21,182	7,385	-3,719	15,669	32,111	31,660	2,717	16,619	10,344
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,248	7,344	10,181	11,399	9,678	9,304	9,933	9,331
Deferred income taxes
-42,000	-482,000	-52,000	0	6,000	-321,000	2,000	-9,000	-8,000	-50,000	5,000	-4,000	-1,000	-283,000	-2,000	18,985	56,015	-525,367	103,327	-121	-209,777	-985,589	-13,246	-603	-165	-284,173	7,326	0	0	-109,906	137,000	1,406	-37,500	-38,212	47,388	12,624	0	-	-	-	-	-	-	-	-
Non-cash interest expense
6,000	6,000	6,000	6,000	7,000	6,000	6,000	7,000	6,000	6,000	0	0	0	-	-	-	-	0	118,727	208,335	208,335	603,565	312,500	312,500	312,500	312,500	134,409	0	0	-	-	-	-	-	-	-	-	0	0	-1	34,179	-	0	0	0
Stock-based compensation expense
45,000	127,000	128,000	131,000	137,000	140,000	203,000	144,000	142,000	151,000	105,000	114,000	146,000	132,000	123,000	169,922	167,078	130,319	139,934	147,087	131,844	95,337	104,951	18,982	191,201	60,268	66,346	89,824	66,269	88,017	61,255	184,693	81,910	31,639	25,915	24,244	19,346	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Stock-based expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,000	0	10,000	0	0
Decrease (increase) in accounts receivable
219,000	44,000	-218,000	515,000	869,000	166,000	12,000	214,000	253,000	188,000	-238,000	69,000	47,000	-15,000	141,000	-124,614	257,614	-165,106	-55,262	-73,788	-292,362	352,372	-761,555	426,048	326,813	342,689	-500,904	129,060	241,746	-15,965	138,438	76,387	49,960	-60,281	88,624	210,965	68,496	-43,755	700,767	-654,092	-77,633	24,357	-99,193	149,926	-27,362
Decrease (increase) in deposits and prepaid assets
-	-	-	-	-	-	-	-	70,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in deposits and prepaid assets
-	-	-	-	-	-	-	-	-	-	-	100,000	71,000	-	286,000	-118,676	-32,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in other assets
-32,000	-479,000	-149,000	-7,000	273,000	-	-	-	-	-	-	-	-	-	-	-	-	-364,456	191,621	35,275	68,747	-341,110	394,123	-173,593	279,751	-417,875	147,595	38,743	-14,149	-20,594	8,872	-24,487	-36,285	16,564	48,165	31,928	4,459	-	-	-	-	-	-	-	-
Increase (decrease) in deposits and prepaids
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	193	-210	-7,354	18,033	3,878
Increase (decrease) in accounts payable
118,000	-143,000	-41,000	-187,000	254,000	-125,000	107,000	-150,000	-154,000	182,000	-166,000	325,000	-32,000	56,000	-15,000	-247,617	167,617	9,687	36,545	-44,166	130,102	-155,056	8,621	110,849	26,656	-178,867	56,450	-14,416	47,504	14,127	-34,546	-23,108	2,847	-44,291	8,148	50,342	23,797	-18,609	-1,637,768	1,660,406	9,827	752	-29,291	-51,719	-11,586
Increase (decrease) in accrued expenses
-105,000	200,000	31,000	-305,000	218,000	167,000	-312,000	97,000	-66,000	-98,000	62,000	-369,000	114,000	25,000	62,000	141,962	-484,962	189,127	-216,334	-39,244	87,081	141,930	363,781	-647,997	-169,070	115,917	61,960	35,240	-22,218	199,985	42,886	-14,087	-98,088	128,170	21,957	21,998	11,758	14,348	-154,675	144,611	4,555	-5,330	-32,521	12,872	-18,261
Increase (decrease) in deferred revenue
74,000	238,000	-54,000	160,000	215,000	-136,000	38,000	157,000	237,000	-92,000	-93,000	181,000	16,000	-93,000	-70,000	155,937	50,063	-53,154	-98,388	180,973	-74,111	-187,424	-227,157	355,023	-82,831	-147,219	-327,960	-3,038	-45,468	27,730	34,105	-95,661	-30,976	91,246	50,633	-52,777	37,224	-	-	-	-	-	-	-	-
Net cash provided by operating activities
602,000	909,000	1,160,000	259,000	536,000	716,000	564,000	1,052,000	537,000	417,000	638,000	810,000	647,000	741,000	534,000	984,683	501,317	865,371	395,020	837,143	1,079,032	-165,698	1,360,880	245,441	21,631	238,919	662,928	378,055	109,739	397,478	355,172	109,670	-108,149	142,962	117,707	191,101	26,388	53,639	-1,092,328	1,308,691	176,295	-63,449	56,798	88,595	104,657
Cash flows from investing activities:
Purchase of VisualWebcaster Platform
0	0	0	0	2,788,000	1,123,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of fixed assets
0	118,000	296,000	0	6,000	3,000	9,000	14,000	25,000	2,000	3,000	4,000	2,000	53,000	14,000	14,372	30,628	64,206	19,688	3,274	22,344	7,605	16,738	38,895	8,134	3,419	10,516	2,344	27,584	9,784	4,927	1,920	2,218	999	12,507	1,226	29,208	-	-	-	-	-	-	-	-
Purchase of Accesswire intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	5,000	275,000	0	0	40,000	0	-	-	-	-	-	-	-	-
Capitalized software
-	-	-	-	-	-	-	-	-	43,000	267,000	334,000	290,000	326,000	233,000	170,636	347,364	216,283	134,994	202,407	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
0	-118,000	-296,000	-20,000	-2,794,000	-3,000	-1,153,000	-14,000	-25,000	-1,917,000	-270,000	-338,000	-292,000	-379,000	-247,000	-185,008	-377,992	-280,489	-154,682	-205,681	-22,344	-1,707,605	-16,738	-38,895	-8,134	-3,418	-3,188,915	-2,344	-27,584	-9,784	-5,927	-6,920	-277,218	-999	-12,507	-41,226	-29,208	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Payment for stock repurchase and retirement
203,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,333	0	0	6,750
Payment on notes payable (See Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	25,000	2,398	37,430
Purchase of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,958	2,872	1,481	9,687	1,974
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,958	-2,872	-1,481	-9,687	-1,974
Proceeds from exercise of stock options, net of income taxes
-	-	-	-	-	0	38,000	549,000	160,000	154,000	21,000	188,000	26,000	2,000	1,000	24,906	7,094	7,025	14,050	7,025	0	43,639	9,477	21,199	97,816	73,970	50,621	0	64	12,700	4,450	26,375	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividend
-	-	-	-	-	0	155,000	153,000	152,000	148,000	149,000	146,000	145,000	144,000	142,000	83,449	83,551	83,101	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance from line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	-20,000	0	275,000	0	0	0	0	-	-	-	-	-	-	-	-
Repayment of line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	75,000	-	-	10,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-203,000	-857,000	-236,000	0	0	-2,923,000	13,206,000	396,000	8,000	6,000	-128,000	42,000	-119,000	-142,000	-141,000	-58,543	-76,457	-56,550	16,568	23,216	0	63,288	48,892	130,954	97,816	-426,030	2,991,753	-133,418	-74,936	-236,139	-63,448	-41,478	275,000	0	-1,207	-35,338	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,333	-25,000	-2,398	-44,180
Net change in cash
399,000	-66,000	628,000	239,000	-2,258,000	-2,210,000	12,617,000	1,434,000	520,000	-1,494,000	240,000	514,000	236,000	220,000	146,000	741,132	46,868	528,332	256,906	654,678	1,056,688	-1,810,015	1,393,034	337,500	111,313	-190,529	465,766	242,293	7,219	151,555	285,797	61,272	-110,367	141,963	103,993	114,537	-2,820	9,388	-1,128,499	1,308,444	169,337	-69,654	30,317	76,510	58,503
Currency translation adjustment
32,000	25,000	-17,000	-4,000	-3,000	-12,000	-7,000	-83,000	46,000	4,000	42,000	22,000	14,000	-16,000	-1,000	-27,713	14,713	-4,767	-14,346	19,084	-2,773	-18,295	-4,374	2,509	-3,808	-22,666	-39,247	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures:
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	19,203	46,761	19,906	17,742	50,000	50,000	50,000	55,285	19,375	585	1,779	2,908	3,203	3,336	2,587	-1	0	29	0	-	-	-	-	-	-	-	-
Cash paid for income taxes
10,000	122,000	90,000	91,000	37,000	20,000	15,000	19,000	12,000	284,000	222,000	400,000	37,000	281,000	172,000	142,750	120,250	17,100	231,351	0	34,500	221,208	85,000	225,600	331,000	252,927	64,250	128,500	253,814	0	0	22,594	0	0	0	0	0	-	-	-	-	-	-	-	-
Non-cash activities:
Right-of-use assets obtained in exchange for lease liabilities
0	2,596,000	0	0	260,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for acquisition of customer list
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	140,000	-	0	0	0	-	-	-	-	-	-	-	-
Stock-based compensation - capitalized software
-	-	-	-	-	-	-	-	-	0	1,000	-20,000	76,000	78,000	84,000	88,800	179,200	7,267	107,299	80,845	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation - capitalized software
-	-	-	-	-	-	-	-	-	0	1,000	-20,000	76,000	78,000	84,000	88,800	179,200	-	107,299	80,845	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-