Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.3.1.900
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (394) $ (3,407) $ (4,662)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization 403 122  
Stock compensation expense 162 52  
Provision for doubtful accounts 46 $ 30  
Amortization of debt discount $ 74  
Change in derivative liability $ 3,115  
Changes in operating assets and liabilities -      
Accounts receivable $ 148 (252)  
Accounts payable 920 127  
Accrued compensation (886) (1,071)  
Other current items, net (388) $ 434  
Long-term liabilities 40  
Net cash provided by (used in) operating activities 125 $ (850)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (4) $ (15)  
Acquisition payments $ (6,845)  
Partial payment of earn-out $ (75)  
Net cash used in investing activities $ (6,849) (90)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term debt, net 1,395 $ 1,216  
Proceeds from issuance of subordinated debt 4,107  
Payments on the debt issued related to acquisitions (87)  
Payments on capital lease (13) $ (13)  
Net cash provided by financing activities 5,402 1,203  
Net change in cash (1,322) 263  
Cash at beginning of period 5,932 168 168
Cash at end of period 4,610 431 $ 5,932
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest $ 220 $ 95  
Cash paid for taxes  
Non-cash disclosures:      
Stock paid for prepaid interest on subordinated note $ 566  
Stock paid for fees in conection with subordinated note 23  
Issuance of common stock for acquisition 2,197  
Note payable issued in connection with acquisition 3,000  
Earn-out liability, contingent consideration, and other liabilities incurred in connection with acquisition $ 3,313