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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,925) $ (1,059)
Adjustments to reconcile net loss to net cash provided by (used in) operations:    
Depreciation and amortization 2,264 1,180
Provision for doubtful accounts 76 0
Share-based compensation 194 54
Changes in operating assets and liabilities:    
Accounts receivable (535) (366)
Inventory (229) (43)
Prepaid expenses and other assets (2,182) (1,004)
Accounts payable 666 598
Accrued expenses and other long-term obligations 2,040 (29)
Deferred revenue (1,265) (516)
Net cash provided by (used in) operating activities (896) (1,185)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions net of cash acquired (37,253) (8,076)
Purchases of property and equipment (566) (21)
Software capitalization costs (828) 0
Net change in funds held for clients 576 1,540
Net cash provided by (used in) investing activities (38,071) (6,557)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 36,750 5,000
Payments on notes payable 0 (6,069)
Proceeds from revolving line of credit 2,379 0
Debt financing fees (1,577) (100)
Payments on capital leases 0 (46)
Net change in client fund obligations (576) (1,485)
Net cash provided by (used in) financing activities 36,976 (2,700)
Effect of foreign exchange rates 7 (37)
Net increase (decrease) in cash and cash equivalents (1,984) (10,479)
Cash and cash equivalents at beginning of period 27,792 12,767
Cash and cash equivalents at end of period 25,808 2,288
Cash paid for:    
Interest 1,529 411
Income taxes 0 0
Non-cash Investing and Financing Activities:    
Subordinated notes payable –acquisitions 3,942 2,090
Equity issued in connection with acquisitions $ 1,200 $ 946