| 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 | |||||||||
-12,387 | -9,478 | -4,669 | 4,951 | -8,244 | -841 | 1,272 | 1,069 | 905 | 394 |
Deduct: Income from discontinued operations, net of income taxes | |||||||||
- | - | - | 10,666 | 1,377 | - | - | - | - | - |
Net loss from continuing operations | |||||||||
- | - | - | -5,715 | -9,621 | - | - | - | - | - |
Adjustments to reconcile loss from operations: | |||||||||
Depreciation and amortization | |||||||||
1,010 | 892 | 807 | 2,978 | 1,598 | 424 | 102 | 32 | 6 | 3 |
Amortization of costs to acquire contracts | |||||||||
804 | 758 | - | - | - | - | - | - | - | - |
Amortization of costs to acquire contracts | |||||||||
- | - | 557 | - | - | - | - | - | - | - |
Non-cash stock compensation | |||||||||
1,204 | 964 | 768 | - | - | - | - | - | - | - |
Non-employee stock issuance expense | |||||||||
0 | 508 | 0 | - | - | - | - | - | - | - |
Impairment of intangibles | |||||||||
- | - | - | - | 1,310 | - | - | - | - | - |
Excess tax benefits from share-based payments | |||||||||
- | - | - | - | -1 | - | - | - | - | - |
Excess tax benefits from share-based payments | |||||||||
- | - | - | - | - | 66 | 70 | 35 | - | - |
Excess tax benefits from share-based payment arrangements | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Non-cash stock compensation | |||||||||
- | - | - | 705 | 842 | 650 | 576 | 268 | 123 | 15 |
Deferred income taxes | |||||||||
0 | -168 | 5 | 167 | 842 | -617 | -22 | -2 | - | - |
Gain on disposal of property and equipment | |||||||||
-0 | -4 | 3 | - | - | - | - | - | - | - |
Non-cash interest | |||||||||
139 | 304 | 0 | - | - | - | - | - | - | - |
Amortization of debt issuance costs and embedded derivative | |||||||||
2 | -6 | 0 | - | - | - | - | - | - | - |
Gain on embedded derivative | |||||||||
214 | -400 | 0 | - | - | - | - | - | - | - |
Loss on induced conversion | |||||||||
2,162 | 0 | - | - | - | - | - | - | - | - |
Loss on disposal of property and equipment | |||||||||
- | - | - | -128 | -2 | -10 | 0 | - | - | - |
Allowance for refunds and chargebacks | |||||||||
- | - | - | - | - | - | - | 1 | - | - |
Non-cash change in value of earn out liability | |||||||||
- | - | - | 219 | 2,556 | 682 | 0 | - | - | - |
Non-cash gain from escrow claim | |||||||||
- | - | - | -84 | 0 | - | - | - | - | - |
Unrealized foreign currency loss | |||||||||
25 | 289 | -70 | 185 | -152 | 0 | - | - | - | - |
Stock options issued for interest expense | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Allowance for refunds and chargebacks | |||||||||
- | - | - | - | - | - | - | - | -5 | -7 |
Deferred Income Taxes | |||||||||
- | - | - | - | - | - | - | - | -49 | 4 |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-204 | 3 | 665 | 499 | 428 | 153 | -13 | 33 | -11 | -15 |
Unbilled receivables | |||||||||
-254 | -187 | - | - | - | - | - | - | - | - |
Right-of-use assets | |||||||||
433 | 0 | - | - | - | - | - | - | - | - |
Other assets | |||||||||
-837 | -1,097 | -726 | 210 | 18 | -254 | 50 | 40 | - | - |
Income taxes, net | |||||||||
-2 | 1,966 | -1,105 | - | - | - | - | - | - | - |
Inventory | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Other assets | |||||||||
- | - | - | - | - | - | - | - | -2 | -97 |
Deposits | |||||||||
- | - | - | - | - | - | - | - | 39 | 0 |
Income taxes, net | |||||||||
- | - | - | -5,706 | -445 | -442 | 172 | -380 | 358 | 70 |
Accounts payable | |||||||||
439 | 1,094 | -22 | -156 | 238 | 289 | - | - | - | - |
Lease liabilities | |||||||||
-377 | 0 | - | - | - | - | - | - | - | - |
Other liabilities | |||||||||
-392 | 162 | -256 | - | - | - | - | - | - | - |
Accrued expenses and other current liabilities | |||||||||
- | - | - | 271 | 71 | -37 | -28 | -44 | 1 | 130 |
Deferred revenue | |||||||||
421 | -27 | -8 | -246 | -91 | 274 | -16 | 15 | 38 | -26 |
Net cash used in operating activities - Continuing operations | |||||||||
- | - | - | -8,333 | -2,992 | - | - | - | - | - |
Net cash provided by operating activities - Discontinued operations | |||||||||
- | - | - | 1,265 | 1,493 | - | - | - | - | - |
Net cash used in operating activities | |||||||||
-8,027 | -3,624 | -4,052 | -7,068 | -1,498 | 427 | 1,948 | 851 | 1,441 | 471 |
Cash flows from investing activities: | |||||||||
Acquisition of business | |||||||||
4,566 | 0 | - | - | - | 7,380 | 0 | - | - | - |
Purchases of property and equipment | |||||||||
1,365 | 893 | 177 | 455 | 456 | 66 | 287 | 24 | 150 | -3 |
Net cash used in investing activities - Continuing operations | |||||||||
- | - | - | -1,180 | -456 | - | - | - | - | - |
Net cash provided by investing activities - Discontinued operations | |||||||||
- | - | - | 13,945 | -169 | - | - | - | - | - |
Proceeds from the sale of property and equipment | |||||||||
0 | 4 | 0 | - | - | 5 | 0 | - | - | - |
Acquisitions of customer assets from resellers | |||||||||
- | - | 64 | 724 | 0 | - | - | - | - | - |
Proceeds from the sale of discontinued operations | |||||||||
- | - | 1,000 | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-5,930 | -889 | 758 | 12,765 | -625 | -7,442 | -287 | -24 | -150 | 3 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of convertible note | |||||||||
0 | 8,000 | 0 | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||
0 | 141 | 0 | - | - | - | - | - | - | - |
Dividends to shareholders | |||||||||
- | - | - | - | - | 2,459 | 1,255 | 2,589 | - | - |
Payment to reduce earn out | |||||||||
- | - | - | 1,207 | 2,000 | 0 | - | - | - | - |
Proceeds from exercise of stock options | |||||||||
968 | 596 | 22 | 12 | 141 | 0 | - | - | - | - |
Dividends to shareholder | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Proceeds from issuance of common stock, net | |||||||||
15,587 | 0 | - | - | 5,332 | 10,508 | 471 | 531 | 96 | 0 |
Excess tax benefits from share-based payments | |||||||||
- | - | - | -0 | 1 | 66 | 70 | 35 | 0 | - |
Net cash provided by (used in) financing activities - Continuing operations | |||||||||
- | - | - | -1,196 | 3,474 | - | - | - | - | - |
Net cash provided by financing activities - Discontinued operations | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
Proceeds from shareholder | |||||||||
- | - | - | - | - | - | - | - | - | 100 |
Repayments of amounts due to shareholder | |||||||||
- | - | - | - | - | - | - | - | - | -100 |
Net cash provided by financing activities | |||||||||
16,556 | 8,454 | 22 | -1,196 | 3,474 | 8,115 | -713 | -2,022 | 96 | 0 |
Effect of exchange rate on cash | |||||||||
-37 | -19 | 20 | -8 | -17 | -5 | 0 | - | - | - |
Change in cash and cash equivalents | |||||||||
2,561 | 3,921 | -3,251 | 4,492 | 1,333 | 1,094 | 947 | -1,194 | 1,387 | 468 |
Supplemental information on consolidated statements of cash flows: | |||||||||
Cash (received) paid for income taxes | |||||||||
- | - | 98 | 3,643 | 130 | 803 | 708 | 618 | 359 | 273 |
Cash paid during the period for income taxes, net | |||||||||
11 | -2,099 | - | - | - | - | - | - | - | - |
Convertible notes liability relieved upon conversion | |||||||||
8,484 | 0 | - | - | - | - | - | - | - | - |
Embedded derivative liability relieved upon conversion | |||||||||
189 | 0 | - | - | - | - | - | - | - | - |
Non-cash activities | |||||||||
Right-of-use asset obtained for lease liability | |||||||||
5,715 | 0 | - | - | - | - | - | - | - | - |
Receipt of common stock for escrow claim | |||||||||
- | - | - | 84 | 0 | - | - | - | - | - |
Settlement of earn out liabilities with common stock | |||||||||
- | - | - | -4,207 | -3,000 | - | - | - | - | - |
Other receivable created for sale of SMTP email relay business | |||||||||
- | - | - | -1,000 | 0 | - | - | - | - | - |
Issuance of common stock for GraphicMail earn out | |||||||||
- | - | - | - | - | 2,684 | 0 | - | - | - |
Contingent earn-out liability from acquisition of GraphicMail and SharpSpring | |||||||||
- | - | - | - | - | 6,997 | 0 | - | - | - |