CASH FLOWS FROM OPERATING ACTIVITIES: | |
Net income | 1.58M |
Loss from discontinued operations | |
Income from continuing operations | 1.59M |
Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |
Depreciation and amortization expense | 420K |
Stock-based compensation expense | 102K |
Provision for bad debts | 11K |
Provision for inventory write-down | 22K |
Provision for warranty | 174K |
Loss on sale of property and equipment | 5K |
Provision for deferred income taxes | |
Interest on notes receivable | |
Change in operating assets and liabilities: | |
Accounts receivable | 408K |
Inventories | -257K |
Prepaid expenses and other | 55K |
Refundable income taxes | |
Other assets | -57K |
Accounts payable and accrued liabilities | -199K |
Accrued compensation and benefits | -1.04M |
Income taxes payable | 840K |
Deferred revenue | -3K |
Deferred rent | |
Net cash provided by operating activities of continuing operations | 2.05M |
Net cash used in operating activities of discontinued businesses | -122K |
Net cash provided by operating activities | 1.93M |
CASH FLOWS FROM INVESTING ACTIVITIES: | |
Proceeds from the sale of property and equipment | |
Capital expenditures | -439K |
Capitalized software | -172K |
Purchase of business, net of cash acquired | |
Cash received from sale of net assets of discontinued operations | |
Net cash used in investing activities | -567K |
CASH FLOWS FROM FINANCING ACTIVITIES: | |
Proceeds from exercise of stock options | |
Dividends paid to common stockholders | -2.98M |
Net cash used in financing activities | -2.98M |
Net decrease in cash and cash equivalents | -1.62M |
Cash and cash equivalents at beginning of period | 11.97M |
Cash and cash equivalents at end of period | 10.34M |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |
Interest paid during the period | 369K |
Income taxes paid during the period | |
Effective September 13, 2011, the Company acquired Coinflation.com, as follows: | |
Intangible Assets: Website | |
Common Stock Issued at Fair Value | |
Cash Paid |