Cash flows from operating activities: |
Net Income |
10.5M |
Adjustments to reconcile net income to net cash provided by operating activities: |
Depreciation and amortization |
9.63M |
Bad debt expense |
-82K |
Amortization of discount and other non-cash interest expense |
476K |
Deferred income taxes, net |
2.82M |
Non-cash charges for equity instruments issued for compensation and services |
2.09M |
Changes in assets and liabilities: |
Accounts receivable |
2.2M |
Prepaid expenses and other assets |
1.63M |
Accounts payable |
-8K |
Accrued expenses |
-2.99M |
Other liabilities |
-2.94M |
Net cash provided by operating activities |
23.34M |
Cash flows from investing activities: |
Purchases of property and equipment |
-2.4M |
Acquisition, net of cash acquired |
0 |
Net cash used in investing activities |
-2.4M |
Cash flows from financing activities: |
Proceeds from sale of stock and exercise of options |
1.31M |
Borrowings of notes payable |
5.35M |
Repayments of notes payable and capital lease |
-34.42M |
Dividends paid |
0 |
Net cash (used in) provided by financing activities |
-27.76M |
Effect of foreign exchange rate changes on cash and cash equivalents |
-828K |
Net decrease in cash and cash equivalents |
-7.64M |
Cash and Cash Equivalents, beginning of period |
30.18M |
Cash and Cash Equivalents, end of period |
22.54M |