v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net income $ 759,000 $ 4,888,000 $ 1,705,000
Adjustments to reconcile net income to net cash from operating activities      
(Recovery) provisions for allowance for doubtful accounts 219,000 (84,000) 92,000
Depreciation and amortization expense 1,240,000 1,290,000 1,191,000
Stock compensation expense 1,180,000 157,000 172,000
Loss (gain) on disposal of equipment 12,000 4,000 (29,000)
Non-cash impairment of incentive payments   75,000 124,000
Changes in assets and liabilities      
Account receivable 1,627,000 (6,618,000) (5,459,000)
Deferred tax expense (327,000) 900,000 713,000
Income tax receivable 239,000 (1,348,000)  
Other current assets 595,000 (355,000) 104,000
Prepaid expenses (170,000) (99,000) 214,000
Other long-term assets and advances 97,000 338,000 (93,000)
Accounts payable (191,000) 1,987,000 191,000
Accrued expenses 1,097,000 1,780,000 1,529,000
Other liabilities 234,000 (658,000) (553,000)
Cash provided (used) by operating activities 6,611,000 2,257,000 (99,000)
Investing activities      
Acquisition of business, net of cash acquired     (2,250,000)
Payment of acquisition earn-out (450,000) (500,000) (1,100,000)
Payment for purchases of property and equipment (754,000) (811,000) (186,000)
Proceeds from sale of property and equipment 13,000 2,000 62,000
Cash used by investing activities (1,191,000) (1,309,000) (3,474,000)
Financing activities      
Line of credit, net (2,749,000) (3,781,000) 4,210,000
Proceeds from issuance of long-term debt   5,000,000  
Payments of long-term debt and capital leases (1,633,000) (2,665,000) (1,249,000)
Excess tax benefit from stock options 451,000    
Proceeds from issuance of preferred stock and warrants 71,628,000    
Net proceeds from exercise of options 704,000 564,000  
Dividends paid to preferred stockholders (375,000)    
Cash provided (used) by financing activities 68,026,000 (882,000) 2,961,000
Net increase (decrease) in cash 73,446,000 66,000 (612,000)
Cash, beginning of period 561,000 495,000 1,107,000
Cash, end of period 74,007,000 561,000 495,000
Cash paid during the period for interest 110,000 124,000 105,000
Cash paid during the period for income taxes 233,000 3,521,000 396,000
Increase of goodwill due to accrual of aquisition earnout     $ 687,000