v3.8.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (5,797) $ 500
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 11,739 11,550
Amortization of intangibles 5,201 5,454
Amortization of debt issue costs 330 532
Loss on sale of Path Logic 1,058  
Stock based compensation – options, restricted stock and warrants 5,812 4,024
Provision for bad debts 13,026 8,183
Changes in assets and liabilities, net:    
(Increase) in accounts receivable, net of write-offs (20,916) (9,424)
(Increase) in inventories (37) (844)
(Increase) in prepaid expenses (406) (1,482)
(Increase) in other current assets (98) (46)
Increase in accounts payable and other liabilities 2,366 3,271
Net cash provided by operating activities 12,278 21,718
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (10,167) (5,328)
Net cash used in investing activities (10,167) (5,328)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances from revolving credit facility, net 2,496  
Repayment to revolving credit facility   (10,044)
Repayment of capital lease obligations/loans (4,126) (3,874)
Repayment on term loan, net (2,816) (413)
Proceeds from the exercise of options, warrants and ESPP shares, net of transaction expenses 2,218 3,456
Payments of equity issue costs (197)  
Net cash (used in) financing activities (2,425) (10,875)
Net change in cash and cash equivalents (314) 5,515
Cash and cash equivalent, beginning of period 12,525 23,420
Cash and cash equivalents, end of period 12,211 28,935
Supplemental disclosure of cash flow information:    
Interest paid 3,879 3,993
Income taxes paid 272 228
Supplemental disclosure of non-cash investing and financing information:    
Equipment acquired under capital lease/loan obligations 3,240 4,907
Deemed dividends on preferred stock 2,734 5,520
Amortization of preferred stock beneficial conversion feature 5,122 $ 11,180
Purchase of customer list through issuance of restricted stock $ 4,466  

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