| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Sep'12 | Sep'11 |
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net loss | ||||||
-3,105 | -8,215 | -1,198 | -6,858 | -4,958 | -615 | -90 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation | ||||||
1,032 | 721 | 499 | 387 | 388 | 0 | - |
Stock-based compensation | ||||||
721 | 399 | 278 | 356 | 194 | 0 | - |
Employee stock purchase plan expense | ||||||
46 | 47 | 0 | - | - | - | - |
Common Stock issued as compensation | ||||||
97 | 0 | 79 | 6 | 37 | - | - |
Amortization of intangibles | ||||||
3,492 | 3,244 | 3,062 | 2,379 | 2,241 | 0 | - |
Non-cash interest costs | ||||||
141 | 170 | 45 | - | - | - | - |
Amortization of deferred financing costs | ||||||
- | - | - | 2,321 | 2,058 | 0 | - |
Amortization of debt discounts | ||||||
0 | 151 | 328 | 1,568 | 1,510 | 0 | - |
Change in fair value of contingent consideration liability | ||||||
121 | -103 | 56 | -10 | -690 | 0 | - |
Change in fair value of derivative liability | ||||||
- | - | - | -380 | -2,050 | 0 | - |
Loss on disposal of fixed assets | ||||||
-110 | -30 | 3 | -245 | 0 | - | - |
Depreciation and amortization | ||||||
- | - | - | - | - | - | 0 |
Provision for losses on receivables | ||||||
45 | 0 | - | - | 27 | 0 | 0 |
Recognition of note payable in connection with settlement of legal matter | ||||||
0 | 1,853 | 0 | - | - | - | - |
Deferred income taxes | ||||||
325 | -1,594 | -34 | 0 | - | - | - |
Recognition of Note Payable In Connection With Settlement of Legal Matter | ||||||
0 | 1,853 | - | - | - | - | - |
Non-cash expense related to Officer/Director grant of personal shares | ||||||
- | - | - | - | - | 0 | 0 |
Change in operating assets and liabilities: | ||||||
Restricted cash | ||||||
-224 | 3 | -1,160 | 1,265 | -4 | 0 | 0 |
Accounts receivable | ||||||
637 | 1,017 | 489 | 25 | -953 | 0 | 0 |
Settlement processing assets, funds and obligations, net | ||||||
548 | -1,447 | 103 | 133 | 736 | 0 | - |
Prepaid expenses and other current assets | ||||||
826 | -84 | 43 | 120 | -133 | 0 | 0 |
Other assets | ||||||
-124 | -4,139 | 21 | -649 | 1,368 | 0 | - |
Deferred revenue | ||||||
-10 | -56 | 38 | 19 | 31 | 0 | - |
Accounts payable, accrued expenses and other liabilities | ||||||
1,128 | 233 | -357 | -3,635 | 3,323 | 244 | - |
Accrued expense | ||||||
- | - | - | - | - | - | 15 |
Net cash provided by operating activities | ||||||
2,480 | 1,530 | 3,297 | -4,496 | 1,097 | -371 | -75 |
Investment in restricted cash and cash equivalents | ||||||
- | - | - | - | - | 9 | 72,728 |
Net decrease in funds held to satisfy client fund obligations | ||||||
134 | 819 | 7,502 | 8,312 | -11,692 | - | - |
Cash acquired in acquisition | ||||||
0 | 520 | 0 | -10,815 | - | - | - |
Purchase of property and equipment | ||||||
2,207 | 716 | 875 | 416 | 258 | 0 | 0 |
Investment in acquired technology | ||||||
0 | 623 | 0 | - | - | - | - |
Proceeds on disposal of property and equipment | ||||||
0 | 15 | 13 | 9 | 1 | 0 | - |
Loans to related parties | ||||||
- | - | - | - | - | - | 0 |
Cash and cash equivalents released from trust | ||||||
- | - | - | - | 1,948 | 0 | 0 |
Amounts released from restricted cash and cash equivalents to repurchase shares of common stock | ||||||
- | - | - | - | - | -129 | -3,797 |
Net cash provided by investing activities | ||||||
-2,341 | -1,623 | -8,364 | -19,534 | 13,383 | 120 | -68,931 |
Payments on long-term debt and capital lease obligations | ||||||
8,114 | 14,036 | 1,575 | 11,321 | 7,370 | 0 | 0 |
Distributions to member | ||||||
- | - | - | - | - | - | 0 |
Proceeds from issuance of common stock, net of issuance costs | ||||||
0 | 64 | 1,269 | 975 | 0 | - | 25 |
Proceeds from issuance of common stock pursuant to employee stock purchase plan | ||||||
181 | 47 | 0 | - | - | - | - |
Deferred financing fees associated with new borrowings | ||||||
76 | 421 | 44 | 76 | - | - | - |
Trust funds paid to redeeming stockholders | ||||||
- | - | - | - | 1,948 | 0 | 0 |
Proceeds from notes payable | ||||||
1,465 | 11,490 | 1,000 | 7,500 | 592 | - | - |
Restricted cash reserve | ||||||
0 | -1,900 | 0 | - | - | - | - |
Payment of deferred and contingent acquisition consideration | ||||||
314 | 1,386 | 2,850 | 0 | 0 | 0 | 0 |
Distributions to member | ||||||
- | - | - | - | - | 0 | - |
Proceeds from the sale of preferred stock, net of issuance costs | ||||||
825 | 12,406 | 0 | 19,200 | 9,361 | 0 | - |
Proceeds from long-term debt | ||||||
- | - | - | - | - | 0 | 0 |
Net decrease in client funds obligations | ||||||
-134 | -819 | -7,502 | -8,312 | 11,692 | - | - |
Proceeds from note payable to affiliate | ||||||
- | - | - | - | 72 | 335 | 125 |
Repayment of note payable to affiliate | ||||||
- | - | - | - | 87 | 0 | 125 |
Proceeds from public offering | ||||||
- | - | - | - | - | - | 72,000 |
Proceeds from issuance of warrants | ||||||
- | - | - | - | - | - | 3,480 |
Repurchase of common stock | ||||||
- | - | - | - | - | 129 | 3,797 |
Payment of offering costs | ||||||
- | - | - | - | - | - | 2,633 |
Net cash used in financing activities | ||||||
-5,899 | 7,083 | 5,302 | 24,590 | -11,072 | 206 | 69,075 |
Net (decrease) increase in cash | ||||||
-5,760 | 6,990 | 235 | 560 | 3,408 | -45 | 69 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for interest | ||||||
1,261 | 1,088 | - | - | - | - | - |
Cash paid for interest | ||||||
- | - | 978 | 1,552 | 1,783 | 0 | 0 |
Cash paid for taxes | ||||||
112 | 253 | 370 | 461 | 149 | 0 | 0 |
Supplemental disclosure of non-cash investing and financing activity: | ||||||
Acquisition of equipment under capital lease | ||||||
780 | 103 | 388 | 171 | 0 | - | - |
Treasury stock reclassification | ||||||
4,950 | 0 | - | - | - | - | - |
Promissory note issued to satisfy deferred consideration | ||||||
- | - | 350 | - | - | - | - |
Promissory notes issued in connection with settlement of legal matter | ||||||
0 | 4,950 | 0 | - | - | - | - |
Indemnification asset associated with settlement of legal matter | ||||||
0 | 4,950 | 0 | - | - | - | - |
Issuance of warrants for settlement of legal matter | ||||||
373 | 0 | - | - | - | - | - |
Promissory note issued to satisfy deferred consideration | ||||||
- | - | - | 0 | 0 | - | 0 |
Debt assumed in business acquisition | ||||||
- | - | - | - | - | 0 | 0 |
Conversion features of convertible notes payable | ||||||
- | - | - | - | - | 0 | 0 |
Common stock issued for acquisitions | ||||||
- | - | - | - | - | 0 | 0 |
Beneficial conversion feature on convertible preferred stock | ||||||
4,865 | 0 | 397 | 0 | 1,500 | 0 | - |
Accretion of convertible preferred stock | ||||||
10,400 | 6,378 | - | - | - | - | - |
Release of common stock held in escrow to satisfy contingent consideration obligation | ||||||
525 | 0 | - | - | - | 0 | - |
Additional tax adjustment consideration | ||||||
- | - | - | 50 | 0 | 0 | 0 |
Note issued in JetPay acquisition | ||||||
- | - | - | - | - | 0 | 0 |
Note issued in JetPay acquisition | ||||||
- | - | - | - | - | - | 0 |
Fair value of assets acquired | ||||||
0 | 23,949 | 0 | 17,898 | 0 | 0 | 0 |
Cash paid | ||||||
- | - | - | -11,067 | 0 | 0 | 0 |
Fair value of company stock issued | ||||||
0 | -7,163 | 0 | -3,660 | 0 | 0 | 0 |
Fair value of deferred consideration | ||||||
- | - | - | -2,170 | 0 | 0 | 0 |
Fair value of contingent consideration | ||||||
0 | -1,975 | - | -400 | 0 | - | - |
Measurement period adjustment | ||||||
- | - | - | - | 222 | 0 | - |
Deferred consideration | ||||||
- | - | - | 2,170 | 0 | 0 | 0 |
Fair value of contingent consideration | ||||||
- | - | 0 | 400 | 0 | 0 | 0 |
Fair value of private stock purchase rights | ||||||
0 | -153 | 0 | - | - | - | - |
Fair value of liabilities assumed | ||||||
0 | 14,658 | 0 | 601 | 0 | 0 | 0 |