WidePoint Corporation(NYSE MKT:WYY) 
WidePoint Corporation provides trusted mobility management (TM2) solutions to the corporations, governments, and not-for-profit organizations in North America and Europe. It offers TM2 solutions through a federal government certified proprietary portal to manage, analyze, and protect communications ...
Website: http://www.widepoint.com
Founded: 1997
Full Time Employees: 249
CEO / Founder: Jin Kang
Sector: Technology
Industry: Information Technology Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2019-09-30 | 2018-03-31 | 2017-12-31 | 2017-06-30 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2008-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 42,322,216 | 36,125,207 | 37,880,202 | 34,217,739 | 37,703,266 | 34,620,433 | 36,040,771 | 34,207,279 | 28,256,165 | 25,733,657 | 26,762,857 | 25,273,681 | 23,338,012 | 25,271,572 | 23,057,354 | 22,436,427 | 24,452,552 | 22,251,282 | 19,983,420 | 20,650,843 | 106,716,020 | 29,616,940 | 20,079,619 | 18,880,506 | 18,257,719 | 22,114,839 | 17,539,666 | 20,508,640 | 18,714,846 | 16,994,858 | 17,432,745 | 17,695,568 | 16,763,502 | 14,555,908 | 12,394,021 | 9,602,779 | 11,290,459 | 12,222,505 | 11,343,962 | 11,968,106 | 14,359,461 | 15,210,896 | 12,510,644 | 13,701,741 | 10,195,670 | 10,681,817 | 9,965,878 | 10,529,125 | 12,452,120 | 11,163,056 | 11,437,596 | 11,378,793 | |||
cost of revenues | 36,485,351 | 30,849,895 | 32,762,960 | 29,439,218 | 32,950,340 | 29,928,067 | 31,147,549 | 24,225,036 | 21,838,836 | 19,737,710 | 18,539,702 | 20,456,000 | 18,588,268 | 15,991,159 | 16,527,612 | 15,589,330 | 15,850,877 | 18,076,810 | 14,179,119 | 15,477,768 | 13,875,473 | 14,126,516 | 14,125,600 | 13,315,008 | 10,571,518 | 8,780,226 | 7,135,541 | 8,959,361 | 9,243,536 | 8,693,654 | |||||||||||||||||||||||||
gross profit | 5,836,865 | 5,275,312 | 5,117,242 | 4,778,521 | 4,752,926 | 4,692,366 | 4,893,222 | 4,665,891 | 4,031,129 | 3,894,821 | 3,909,637 | 3,809,940 | 3,559,651 | 3,799,452 | 3,319,644 | 3,896,725 | 3,996,552 | 3,663,014 | 3,992,261 | 4,715,879 | 7,830,600 | 4,314,021 | 3,552,007 | 3,291,176 | 2,406,842 | 4,038,029 | 3,360,547 | 4,204,978 | 3,237,078 | 3,119,385 | 3,306,229 | 3,569,968 | 3,448,494 | 3,984,390 | 3,613,795 | 2,467,238 | 2,331,098 | 2,978,969 | 3,527,042 | 3,274,452 | 4,085,147 | 3,573,200 | 2,878,883 | 3,325,351 | 2,133,037 | 2,566,159 | 2,704,651 | 1,839,655 | 2,930,759 | 2,523,835 | 2,578,690 | 2,674,518 | |||
yoy | 22.81% | 12.42% | 4.58% | 2.41% | 17.91% | 20.48% | 25.16% | 22.47% | 13.25% | 2.51% | 17.77% | -2.23% | -10.93% | 3.72% | -16.85% | -17.37% | -48.96% | -15.09% | 12.39% | 137.93% | 79.24% | -12.04% | -21.73% | -25.65% | 29.45% | 1.64% | 17.79% | -6.13% | -21.71% | -8.51% | 44.69% | 47.93% | 33.75% | 2.46% | -24.65% | -42.94% | -16.63% | 22.51% | -1.53% | 91.52% | 39.24% | 6.44% | 80.76% | -12.44% | 7.16% | -28.66% | |||||||||
qoq | 10.64% | 3.09% | 7.09% | 0.54% | 1.29% | -4.10% | 4.87% | 15.75% | 3.50% | -0.38% | 2.62% | 7.03% | -6.31% | 14.45% | -14.81% | -2.50% | 9.11% | -8.25% | -15.34% | -39.78% | 81.52% | 21.45% | 36.74% | -40.40% | 20.16% | -20.08% | 29.90% | 3.77% | -5.65% | -7.39% | 3.52% | -13.45% | 10.26% | 46.47% | 5.84% | -21.75% | -15.54% | 7.71% | -19.84% | 14.33% | 24.12% | -13.43% | 55.90% | -16.88% | -5.12% | 47.02% | 16.12% | -2.13% | -3.58% | ||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing | 746,927 | 677,618 | 669,797 | 639,482 | 560,056 | 530,391 | 559,926 | 611,893 | 637,951 | 490,037 | 542,172 | 521,678 | 468,722 | 527,726 | 562,623 | 575,169 | 503,185 | 489,721 | 533,528 | 482,299 | 655,590 | 406,683 | 534,637 | 628,319 | 600,813 | 625,481 | 702,465 | 739,049 | 697,210 | 764,845 | 797,683 | 770,511 | 681,279 | 868,152 | 1,038,059 | 845,112 | 763,967 | 675,780 | 880,303 | 805,817 | 519,494 | 705,190 | 876,399 | 640,716 | 306,066 | 362,654 | 385,100 | 430,183 | 487,996 | 343,007 | 318,042 | 333,130 | |||
general and administrative expenses | 5,241,572 | 4,832,422 | 4,922,649 | 4,277,156 | 4,352,980 | 3,817,316 | 3,745,229 | 4,048,190 | 2,101,083 | 3,267,587 | 3,353,341 | 3,789,980 | 3,100,705 | 3,893,348 | 3,818,064 | 3,818,152 | 3,816,100 | 3,666,282 | 3,055,838 | 2,676,048 | 2,282,991 | ||||||||||||||||||||||||||||||||||
depreciation and amortization | 647,713 | 225,908 | 233,122 | 223,688 | 232,507 | 259,980 | 252,112 | 256,534 | 290,393 | 259,804 | 263,684 | 265,843 | 266,788 | 272,203 | 274,088 | 264,361 | 258,898 | 263,192 | 253,857 | 250,891 | 360,558 | 246,293 | 97,386 | 71,189 | 89,603 | 84,759 | 89,719 | 94,478 | 100,054 | 92,968 | 91,946 | 98,297 | -16,755 | 179,977 | 143,219 | 69,510 | 74,672 | 74,142 | 73,241 | 66,278 | 67,652 | 74,682 | 79,200 | 59,776 | |||||||||||
total operating expenses | 6,636,212 | 5,735,948 | 5,825,568 | 5,594,952 | 5,069,719 | 5,143,351 | 5,354,807 | 5,316,910 | 5,285,053 | 4,727,550 | 4,636,369 | 4,698,341 | 4,298,317 | 4,395,074 | 20,931,027 | 4,584,759 | 4,810,273 | 2,853,996 | 4,054,972 | 4,040,852 | 5,216,107 | 4,025,245 | 3,985,364 | 4,545,914 | 4,925,971 | 4,163,655 | 4,235,168 | 4,848,856 | 4,571,062 | 4,751,161 | 4,707,693 | 4,664,705 | 4,482,676 | 4,864,229 | 4,847,560 | 3,970,460 | 3,514,687 | 3,032,913 | 3,340,345 | 3,398,910 | 3,175,984 | 3,114,364 | 3,355,636 | 3,197,820 | |||||||||||
income from operations | -799,347 | -460,636 | -708,326 | -816,431 | -316,793 | -450,985 | -461,585 | -651,019 | -1,253,924 | -832,729 | -726,732 | -888,401 | -738,666 | -595,622 | -17,611,383 | -688,034 | -813,721 | 809,018 | -62,711 | 675,027 | 2,614,493 | 288,776 | -433,357 | -1,254,738 | -2,519,129 | -125,626 | -874,621 | -643,878 | -1,333,984 | -1,631,776 | -1,401,464 | -1,094,737 | -1,034,182 | -879,839 | -1,233,765 | -1,503,222 | -1,183,589 | -53,944 | 186,697 | -124,458 | 909,163 | 458,836 | -476,753 | 127,531 | -43,496 | 269,968 | 383,629 | -504,928 | 511,299 | 299,283 | |||||
yoy | 152.32% | 2.14% | 53.46% | 25.41% | -74.74% | -45.84% | -36.48% | -26.72% | 69.76% | 39.81% | -95.87% | 29.12% | -9.22% | -173.62% | 27983.40% | -201.93% | -131.12% | 180.15% | -85.53% | -308.37% | -111.46% | 244.96% | 94.87% | 88.84% | -92.30% | -37.59% | -41.18% | 28.99% | 85.46% | 13.59% | -27.17% | -12.62% | 1531.02% | -760.84% | 1107.81% | -230.18% | -111.76% | -139.16% | -197.59% | -2190.22% | 69.96% | -224.27% | -125.26% | -47.20% | 28.18% | ||||||||||
qoq | 73.53% | -34.97% | -13.24% | 157.72% | -29.76% | -2.30% | -29.10% | -48.08% | 50.58% | 14.59% | -18.20% | 20.27% | 24.02% | -96.62% | 2459.67% | -15.45% | -200.58% | -1390.07% | -109.29% | -74.18% | 805.37% | -166.64% | -50.19% | 1905.26% | -85.64% | 35.84% | -51.73% | -18.25% | 16.43% | 28.02% | 5.86% | 17.54% | -28.69% | -17.93% | 27.01% | 2094.11% | -128.89% | -250.01% | -113.69% | 98.15% | -196.24% | -473.83% | -393.20% | -116.11% | -29.63% | -175.98% | 70.84% | ||||||||
other income | 57 | 93 | 497 | -9,076.5 | 99 | -1,534 | -34,871 | -9,876 | -33,663 | -18,864 | -194 | 380,098 | -6,999 | 669,990 | 301,013 | 615,344 | 25,158 | 2 | 2,496 | -4,868 | 5,324 | -2 | -875 | 2,412 | 3,779 | 5,377 | 1,968 | -4,817 | -37,814 | 68,207 | 7,433 | 6,250 | -5,159 | 5,924 | 5,875 | -3,165 | 5,927 | 4,134 | 4,371 | -16,746 | 11,091 | -9,290 | 18,145 | 49.75 | -944 | 1,143 | |||||||||
interest income | 106,854 | 83,439 | 89,340 | 53,430 | 53,554 | 59,882 | 51,725 | 49,426 | 51,557 | 27,681 | 9,245 | 2,196 | 24,705 | 6,398 | 4,158 | 6,570 | 623 | 968 | 192 | 2,375 | -817 | 40 | 3,326 | 2,566 | 3,973 | 3,012 | 3,433 | 4,173 | 5,107 | 7,020 | 4,978 | 5,926 | 5,388 | 6,290 | 4,594 | 730 | 1,176 | 2,727 | 2,612 | 849 | 702 | 956 | 1,354 | 1,869 | 3,181 | 2,718 | 2,481 | 4,192 | 2,231 | 6,614 | 5,403 | 3,548 | |||
interest expense | -47,265 | -47,671 | -52,382 | -55,073 | -58,856 | -52,911 | -72,331 | -58,737 | -54,743 | -69,095 | -56,910 | -58,778 | -70,456 | -62,841 | -62,826 | -63,521 | -65,550 | -67,372 | -69,290 | -71,016 | -71,941 | -78,066 | -25,950 | -12,849 | -11,163 | -20,910 | -19,828 | -20,330 | -46,226 | -44,425 | -15,414 | -55,937 | -59,582 | -29,674 | -85,366 | -117,753 | -61,451 | -14,509 | -14,949 | -19,304 | -20,555 | -22,793 | -27,377 | -30,746 | -31,678 | ||||||||||
total other income | 59,646 | 35,861 | 37,455 | 1,596 | 7,070 | -22,140 | -44,182 | -13,062 | -75,077 | -66,529 | -56,776 | 334,347 | -63,442 | 611,322 | 244,062 | -22,626 | -11,158 | -11,018 | -14,189 | -30,954 | -61,662 | 37,040 | -30,881 | -35,580 | -45,889 | -35,814 | -39,621 | -46,414 | -6,760 | -49,191 | -54,362 | -125,689 | -41,437 | ||||||||||||||||||||||
loss before income tax provision | -739,701 | -424,775 | -670,871 | -315,197 | -443,915 | -483,725 | -695,201 | -1,266,986 | -907,806 | -793,261 | -945,177 | -455,983 | -1,265,896 | ||||||||||||||||||||||||||||||||||||||||||
income tax provision | 109,704 | 134,410 | -52,412 | 41,209 | -18,705 | 15,828 | -42,091 | 64,821 | 13,308 | 48,812 | 6,302 | 8,487,983 | -118,181 | -3,240,852 | -51,075 | 311,177 | 232,888 | 72,924 | 23,458 | -7,526,767 | 32,364 | 6,190 | 34,279 | 5,257.25 | 8,295 | 11,291 | 1,443 | -228,998 | 69,842 | 45,204 | 32,141 | -166,769 | 4,975,968 | 863,685 | -355,525 | -143,551 | -32,470 | 141,809 | -300,380 | 28,691 | |||||||||||||||
net income | -849,405 | -559,185 | -618,459 | -724,063 | -356,406 | -425,210 | -499,553 | -653,110 | -1,331,807 | -921,114 | -842,073 | -951,479 | -8,892,302 | -540,883 | -13,759,209 | -392,897 | -574,481 | 534,884 | -204,731 | 585,424 | 10,063,634 | 183,710 | -462,173 | -1,300,175 | -2,429,432 | -148,040 | -896,930 | -659,510 | -1,135,940 | -1,763,280 | -1,409,628 | -1,157,759 | -669,239 | -926,698 | -2,093,688 | 294,821 | 139,351 | -35,269 | 833,252 | 243,708 | -302,062 | 57,403 | 131,856 | 217,939 | 214,431 | -317,360 | 412,682 | 239,298 | 515,468 | 515,411 | |||||
yoy | 138.33% | 31.51% | 23.80% | 10.86% | -73.24% | -53.84% | -40.68% | -31.36% | -85.02% | 70.30% | -93.88% | 142.17% | 1447.88% | -201.12% | 6620.63% | -167.11% | -105.71% | 191.16% | -55.70% | -874.02% | -107.56% | 212.19% | 97.14% | 113.87% | -91.60% | -36.37% | -43.04% | 110.63% | 24.93% | -580.25% | 2527.51% | -351.27% | 20.97% | -146.13% | -161.44% | 531.94% | 11.82% | -240.87% | -118.09% | -47.19% | -10.39% | -161.57% | |||||||||||||
qoq | 51.90% | -9.58% | -14.58% | 103.16% | -16.18% | -14.88% | -23.51% | -50.96% | 44.59% | 9.39% | -11.50% | -89.30% | 1544.03% | -96.07% | 3401.99% | -31.61% | -207.40% | -361.26% | -134.97% | -94.18% | 5378.00% | -139.75% | -46.48% | 1541.06% | -83.49% | 36.00% | -41.94% | -35.58% | 25.09% | 21.75% | -27.78% | -55.74% | -810.16% | 111.57% | -495.11% | -104.23% | 241.91% | -180.68% | -626.21% | -56.47% | -39.50% | 1.64% | -167.57% | 72.46% | -53.58% | 0.01% | |||||||||
earnings per share, basic and diluted | -0.08 | -0.06 | -0.06 | -0.08 | -0.04 | -0.04 | -0.05 | -0.07 | -0.15 | -0.1 | -0.1 | -0.11 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding, basic and diluted | 9,669,721 | 9,655,173 | 9,586,166 | 9,552,971 | 9,319,300 | 9,485,508 | 9,390,154 | 8,897,819 | 8,830,709 | 8,893,220 | 8,794,704 | 8,739,317 | |||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses (including share-based compensation of 198,859 and 417,783, respectively | 4,731,782 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other (expense) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -1,643 | -44,121.75 | -41,246 | -69,096 | -66,145 | -77,626 | -72,702 | -9,831.5 | -14,119 | -60,111.25 | -73,319 | ||||||||||||||||||||||||||||||||||||||||||||
loss before income tax benefit | -818,074 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -94,011 | -600,340 | -616,145 | -1,845 | |||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses (including share-based | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 365,958, 95,454, 783,741 and 235,570, respectively) | 4,542,769 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues (including amortization and depreciation of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
576,905 and 502,560, respectively) | 29,541,388 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 417,783 and 140,116, respectively) | 4,448,483 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses (including share-based compensation of 276,570, 115,141, 235,570 and 269,126, respectively | 2,929,760.5 | 3,977,709 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
goodiwll impairment | 16,277,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
508,025, 306,938, 1,010,585, and 594,456, respectively) | 22,853,220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 95,454, 89,385, 235,570 and 269,126, respectively | 3,830,513 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | 4,069,250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
502,560 and 287,518, respectively) | 21,463,741 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 140,116 and 179,741, respectively) | 3,910,820 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
366,885, 133,756, 961,341, and 373,089, respectively) | 14,937,383 | 21,472,120 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 115,141, 235,469, 384,267 and 662,132, respectively) | 2,789,422.5 | 3,595,145 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax provision | -404,319 | -659,064 | -17,000,061 | -443,972 | -263,304 | 767,772 | -131,807 | 608,882 | 2,536,867 | 216,074 | |||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | -1.02 | -0.06 | -1.58 | -0.04 | -0.06 | 0.06 | -0.02 | 0.07 | -0.02 | -0.03 | -0.011 | -0.008 | -0.013 | -0.021 | -0.017 | -0.014 | -0.009 | -0.081 | -0.009 | -0.014 | -0.033 | 0.005 | 0.002 | -0.001 | 0.004 | -0.005 | 0.001 | 0.002 | 0.003 | -0.01 | 0.01 | 0.004 | 0.009 | ||||||||||||||||||||||
basic weighted-average shares outstanding | 8,732,203 | 8,725,476 | 8,696,111 | 8,782,452 | 9,069,903 | 9,129,406 | 9,072,281 | 8,995,103 | 8,460,558 | 84,234,354 | 83,041,597 | 82,911,730 | 82,845,449 | 82,687,789 | 82,730,134 | 82,730,134 | 82,559,822 | 82,228,974 | 82,515,103 | 82,124,603 | 81,743,812 | 73,048,883 | 73,195,464 | 72,998,461 | 66,826,037 | 63,802,275 | 63,824,647 | 63,751,857 | 63,751,857 | 63,474,871 | 63,651,857 | 63,226,857 | 63,226,857 | 62,882,100 | 62,930,873 | 62,916,422 | 62,797,540 | 61,555,664 | 61,375,333 | 61,375,333 | 59,419,383 | 60,348,616 | |||||||||||||
diluted earnings per share | -1.02 | -0.06 | -1.58 | -0.04 | -0.06 | 0.06 | -0.02 | 0.06 | -0.02 | -0.03 | -0.011 | -0.008 | -0.013 | -0.021 | -0.017 | -0.014 | -0.009 | -0.081 | -0.009 | -0.014 | -0.033 | 0.005 | 0.002 | -0.001 | 0.004 | -0.005 | 0.001 | 0.002 | 0.003 | -0.01 | 0.01 | 0.004 | 0.008 | ||||||||||||||||||||||
diluted weighted-average shares outstanding | 8,732,203 | 8,725,476 | 8,696,111 | 8,782,452 | 9,160,195 | 9,158,396 | 9,072,281 | 9,103,160 | 8,603,170 | 84,271,825 | 83,041,597 | 82,911,730 | 82,845,449 | 82,687,789 | 82,730,134 | 82,730,134 | 82,559,822 | 82,228,974 | 82,515,103 | 82,124,603 | 81,743,812 | 73,048,883 | 73,195,464 | 72,998,461 | 66,826,037 | 63,802,275 | 64,014,359 | 63,936,607 | 63,751,857 | 63,758,632 | 63,820,891 | 63,226,857 | 64,249,138 | 64,148,331 | 63,968,039 | 64,142,707 | 62,797,540 | 62,862,978 | 63,299,155 | 62,974,353 | 60,608,984 | 62,063,726 | |||||||||||||
119,083 and 159,618, respectively) | 15,934,964 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 182,842 and 281,441, respectively) | 3,307,662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
233,033, 248,009, 698,192, and 802,174, respectively) | 15,250,596.75 | 25,302,919 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 163,451, 272,737, 536,828 and 593,075, respectively) | 2,517,595.75 | 3,372,269 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
product development | 56,426 | 437,982 | 2,648 | 1,000 | 257,383 | ||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per share | -0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per share | -0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses (including share-based compensation of 68,088, 89,229, 204,414 and 208,091, respectively | 2,662,674.25 | 3,450,767 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income before provision for income taxes | -420,862.75 | -139,745 | -885,639 | -658,067 | -1,364,938 | -1,693,438 | -1,364,424 | -1,125,618 | -1,069,762 | -925,728 | -1,269,579 | -1,542,843 | -1,230,003 | -60,704 | 137,506 | -178,820 | |||||||||||||||||||||||||||||||||||||||
general and administrative expenses (including share-based compensation of 48,447, 81,311, 136,326 and 118,862, respectively | 3,441,984 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
292,241 and 295,436, respectively) | 16,303,662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 87,879 and 37,551, respectively | 3,757,946 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | -31,244 | -30,868 | -36,145 | -44,240 | -47,218 | -47,020 | -46,332 | ||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses (including share-based compensation of 37,551 and 82,716, respectively | 3,795,897 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss) income | -1,874,408.25 | -5,901,696 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
363,609, 343,731, 737,928 and 842,447, respectively) | 7,816,920 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation of 58,281, 55,227, 112,268 and 110,280, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
respectively, and gain on change in fair value of contingent | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
obligation of 369,000, 0, 589,000 and 0, respectively) | 2,386,801 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative costs | 2,526,815 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales (including amortization and depreciation of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
419,657, 155,630, 1,262,105, and 510,431, respectively) | 7,911,461.75 | 11,637,696 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative (including shared-based compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
expense of 55,593, 69,920, 165,873, and 109,857, respectively | 1,807,964.25 | 2,334,492 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before provision for income taxes | -32,707.75 | 385,517 | -602,442 | 86,094 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 9,631,761 | 10,376,390 | 8,062,633 | 8,115,658 | 7,261,227 | 8,689,470 | 9,521,361 | 8,639,221 | 6,246,694.75 | 8,704,275 | |||||||||||||||||||||||||||||||||||||||||||||
general and administrative (including shared-based compensation expense of 55,227, 11,747, 110,280, and 39,937, respectively | 2,400,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative (including shared-based compensation expense of 55,053 and 6,404, respectively | 2,497,328 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 1,407,238 | 1,885,001 | 1,877,145 | 1,866,806 | 1,882,721 | 1,831,811 | 1,632,200 | 1,711,688 | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 38,726.75 | 48,536 | 58,777 | 47,594 | 48,743 | 49,734 | 48,414 | 46,887 | |||||||||||||||||||||||||||||||||||||||||||||||
net income before income tax expense | 25,862.75 | 256,793 | 366,806 | 490,737 | 278,520 | 253,164 | 554,634 | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -2,889.75 | 38,854 | 152,375 | -202,788 | 38,832 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | -49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before income taxes | -520,148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | 39,223 | 39,222 | 39,223 | 39,223 | |||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | 0.004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | 0.004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from operations | 580,034 | 582,813 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2019-09-30 | 2018-03-31 | 2017-12-31 | 2017-06-30 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2008-12-31 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 9,818,503 | 12,128,422 | 6,820,958 | 3,703,169 | 7,530,864 | 5,061,320 | 7,192,085 | 7,267,743 | 6,479,980 | 18,102,341 | 14,947,372 | 17,058,363 | 15,996,749 | 7,099,617 | 7,445,722 | 5,272,457 | 5,472,363 | 9,123,498 | 5,585,559 | 8,327,621 | 6,251,464 | 7,930,303 | 10,443,065 | 9,687,332 | 11,524,390 | 13,154,699 | 3,079,485 | 4,103,311 | 10,133,529 | 2,409,230 | 2,504,054 | 2,517,411 | 1,857,614 | 2,493,589 | 280,601 | 1,432,913 | 2,135,310 | 5,998,041 | 5,394,273 | 6,207,000 | 5,816,303 | 3,702,895 | 2,565,082 | 3,349,382 | 6,238,788 | 3,300,508 | 4,375,426 | 2,741,592 | |||||||||
restricted cash | 2,647,990 | 832,863 | 398,797 | 596,473 | 1,042,256 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 15,002,571 | 7,117,636 | 16,749,251 | 14,625,251 | 11,930,474 | 8,498,243 | 10,560,802 | 8,911,875 | 9,277,109 | 12,424,600 | 13,095,286 | 12,536,584 | 10,148,728 | 8,753,986 | 8,656,398 | 8,131,025 | 8,648,612 | 5,153,093 | 12,039,247 | 7,967,307 | 10,565,113 | 9,546,162 | 12,391,141 | 9,916,843 | 8,543,050 | 8,859,476 | 6,177,272 | 5,187,800 | 7,612,400 | 6,950,553 | 5,229,326 | 5,896,009 | 6,932,366 | 6,329,418 | 8,290,257 | 7,841,628 | 7,884,802 | 4,472,654 | 4,733,151 | 5,105,306 | 7,794,913 | 9,263,580 | 7,681,993 | 6,775,176 | 7,055,525 | 6,590,753 | 5,282,192 | 3,293,146 | |||||||||
unbilled accounts receivable | 33,548,228 | 29,888,114 | 29,115,715 | 31,176,066 | 31,798,431 | 24,784,036 | 25,784,217 | 23,072,400 | 16,618,639 | 9,956,194 | 13,603,405 | 11,843,638 | 10,244,101 | 7,024,861 | 7,883,179 | 5,959,766 | 10,937,415 | 8,789,327 | 12,429,292 | 10,017,255 | 13,848,726 | 13,265,684 | 6,157,034 | 8,131,448 | 6,048,130 | 8,112,690 | 6,344,989 | 5,819,539 | 9,057,696 | 6,637,587 | 6,517,707 | 5,340,750 | 5,772,408 | 5,547,416 | 3,416,224 | 2,860,011 | 1,362,451 | 1,561,030 | 1,187,498 | 1,284,468 | 1,165,286 | 2,969,450 | 1,877,686 | 1,416,281 | 1,708,955 | 2,715,406 | 1,920,010 | 1,319,227 | 1,456,806 | 3,059,665 | 2,584,604 | 2,412,841 | 1,774,440 | 1,334,455 | 1,339,235 | 2,301,893 | |
other current assets | 5,196,613 | 6,066,826 | 8,115,728 | 5,206,547 | 3,771,473 | 2,020,459 | 1,527,940 | 1,624,712 | 1,083,671 | 1,402,845 | 1,104,513 | 939,187 | 935,978 | 2,927,804 | 2,789,387 | 2,776,789 | 3,194,009 | 3,721,111 | 1,893,391 | 1,692,695 | 1,763,633 | 856,274 | 1,034,386 | 767,944 | |||||||||||||||||||||||||||||||||
total current assets | 66,213,905 | 56,033,861 | 61,200,449 | 55,307,506 | 55,317,773 | 40,938,795 | 41,873,858 | 36,769,565 | 32,843,263 | 28,728,962 | 31,433,743 | 27,563,060 | 27,988,052 | 28,573,097 | 30,289,251 | 29,099,584 | 33,147,988 | 40,761,507 | 38,024,041 | 47,982,529 | 67,491,769 | 28,173,643 | 23,293,540 | 22,302,874 | 20,898,783 | 22,989,678 | 24,782,732 | 22,619,950 | 23,019,821 | 25,627,592 | 26,951,557 | 28,066,664 | 27,832,315 | 27,753,494 | 15,809,110 | 13,726,254 | 17,693,449 | 9,769,475 | 11,631,432 | 10,114,456 | 10,837,812 | 13,140,744 | 11,979,080 | 11,211,839 | 12,173,680 | 13,991,810 | 13,281,511 | 12,403,613 | 13,949,490 | 17,557,002 | 15,894,466 | 13,024,039 | 12,275,182 | 14,988,331 | 11,597,734 | 12,227,177 | 6,588,122 |
noncurrent assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 480,082 | 439,110 | 500,255 | 490,587 | 544,723 | 588,753 | 617,203 | 695,268 | 780,800 | 857,867 | 888,875 | 978,633 | 978,218 | 1,062,614 | 1,152,890 | 1,259,612 | 841,133 | 833,582 | 854,053 | 565,535 | 573,039 | 581,667 | 1,213,163 | 1,318,420 | 976,552 | 736,678 | 1,321,763 | 1,342,692 | 1,439,692 | 1,513,307 | 1,544,090 | 1,550,624 | 1,556,251 | 1,614,182 | 1,710,790 | 1,836,865 | 1,466,058 | 1,545,951 | 1,428,489 | 1,474,996 | 1,443,526 | 1,428,323 | 1,508,895 | 1,549,047 | 1,480,811 | 1,336,134 | 1,306,780 | 1,303,325 | 1,295,076 | 1,241,510 | 472,841 | 456,934 | 520,412 | 538,811 | 444,375 | 431,189 | 203,129 |
lease right of use asset | 3,904,479 | 4,114,808 | 4,324,312 | 4,534,938 | 4,183,561 | 3,536,001 | 3,707,771 | 3,876,013 | 4,045,222 | 4,215,558 | 4,386,323 | 4,556,571 | 4,723,899 | 4,892,349 | 5,059,331 | 5,227,920 | 6,273,211 | ||||||||||||||||||||||||||||||||||||||||
intangible assets | 3,352,296 | 3,678,013 | 4,096,698 | 4,583,243 | 5,063,795 | 5,554,997 | 6,098,664 | 6,751,932 | 7,336,348 | 7,133,845 | 6,672,593 | 7,179,206 | 7,398,160 | 6,637,747 | 6,360,252 | 6,222,449 | 6,228,886 | 2,588,095 | 2,286,665 | 2,134,193 | 2,187,503 | ||||||||||||||||||||||||||||||||||||
goodwill | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 5,811,578 | 22,088,578 | 22,088,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 18,555,578 | 20,838,927 | 20,838,927 | 16,618,467 | 16,618,467 | 16,618,467 | 16,618,467 | 16,618,467 | 16,618,467 | 18,150,172 | 18,150,172 | 18,193,561 | 18,193,561 | 11,329,917 | 11,329,917 | 11,329,917 | 11,329,917 | 10,475,513 | 10,475,513 | 10,399,737 | 9,770,647 | 8,562,254 | 8,575,881 | 2,526,110 |
deferred tax assets | 1,123 | 91,132 | 30,635 | 85,888 | 88,420 | 88,360 | 86,909 | 8,289,372 | 8,295,569 | 5,125,315 | 5,127,482 | 5,619,990 | 5,622,880 | 5,621,373 | 5,606,079 | ||||||||||||||||||||||||||||||||||||||||||
other long-term assets | 48,822 | 497,936 | 551,653 | 605,369 | 659,086 | 489,700 | 489,700 | 489,700 | 483,288 | 1,556,995 | 2,424,524 | 2,211,695 | 2,025,845 | 2,931,994 | 2,787,302 | 2,206,981 | 1,782,060 | 1,504,074 | 1,331,146 | 1,312,402 | 815,007 | 141,702 | |||||||||||||||||||||||||||||||||||
total assets | 79,812,285 | 70,575,306 | 76,576,077 | 71,363,856 | 71,580,516 | 56,919,824 | 58,598,774 | 54,394,056 | 51,300,499 | 48,390,693 | 51,706,056 | 48,389,103 | 49,012,661 | 58,198,751 | 59,756,173 | 71,230,439 | 75,489,338 | 75,433,123 | 72,418,511 | 82,089,045 | 101,324,351 | 55,783,446 | 46,694,225 | 45,892,931 | 44,513,486 | 47,227,668 | 49,475,228 | 47,381,175 | 47,905,883 | 50,858,471 | 52,577,849 | 53,960,905 | 53,811,167 | 54,078,240 | 42,909,669 | 46,099,432 | 43,754,385 | 36,074,840 | 37,641,621 | 36,157,524 | 37,120,592 | 39,579,841 | 39,375,099 | 39,192,592 | 40,232,673 | 42,290,226 | 30,128,704 | 29,295,242 | 30,738,916 | 34,396,140 | 28,102,193 | 25,394,489 | 24,834,503 | 26,755,087 | 22,284,411 | 23,581,618 | 10,630,658 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 25,891,150 | 17,637,127 | 20,477,995 | 15,948,105 | 16,524,863 | 9,990,672 | 14,033,887 | 12,061,252 | 12,633,658 | 13,855,297 | 13,375,808 | 13,584,437 | 12,515,081 | 15,103,368 | 14,691,477 | 12,779,236 | 10,263,015 | 10,797,731 | 9,017,637 | 19,586,553 | 36,221,981 | 6,108,178 | 10,530,605 | 7,266,212 | 7,066,408 | 8,665,449 | 9,026,925 | 7,433,642 | 2,886,931 | 7,812,226 | 6,448,509 | 8,659,862 | 7,209,545 | 6,165,477 | 6,071,801 | 3,550,495 | 3,217,838 | 3,228,586 | 5,413,060 | 3,738,186 | 4,187,201 | 5,555,419 | 5,423,310 | 6,279,096 | 6,184,847 | 8,418,854 | 4,936,599 | 4,303,476 | 5,223,728 | 7,725,727 | 6,546,112 | 6,129,977 | 4,797,985 | 7,120,168 | 4,468,584 | 2,465,394 | 1,620,533 |
accrued expenses | 31,159,173 | 28,547,750 | 29,079,133 | 30,394,770 | 30,851,255 | 25,063,136 | 22,594,181 | 20,594,212 | 16,175,702 | 10,624,832 | 13,845,293 | 10,652,753 | 11,327,269 | 8,548,396 | 9,810,349 | 8,528,170 | 12,344,426 | 11,201,997 | 12,447,202 | 11,354,080 | 15,626,313 | 14,465,322 | 7,801,763 | 9,796,350 | 9,379,319 | 7,872,557 | 7,101,830 | 6,349,221 | 9,679,060 | 6,687,054 | 6,490,586 | 5,944,560 | 5,926,326 | 5,980,110 | 3,911,505 | 4,221,829 | 2,869,404 | 4,407,286 | 3,210,284 | 2,898,744 | 2,727,559 | 3,539,710 | 2,441,118 | 1,466,408 | 2,126,027 | 1,851,678 | 1,679,770 | 1,491,634 | 1,770,634 | 2,643,613 | 2,819,436 | 1,677,166 | 2,412,789 | 2,304,995 | 1,293,214 | 2,548,106 | 901,369 |
current portion of deferred revenue | 6,114,402 | 6,820,156 | 8,742,472 | 5,953,990 | 4,770,683 | 2,655,617 | 2,269,718 | 1,850,537 | 2,009,343 | 2,209,524 | 2,725,898 | ||||||||||||||||||||||||||||||||||||||||||||||
current portion of lease liabilities | 751,233 | 780,345 | 858,126 | 842,402 | 735,152 | 593,280 | 600,819 | 619,708 | 638,258 | 626,955 | 615,783 | 606,055 | 596,529 | 645,019 | 634,479 | 623,923 | 794,175 | ||||||||||||||||||||||||||||||||||||||||
total current liabilities | 63,915,958 | 53,785,378 | 59,157,726 | 53,139,267 | 52,881,953 | 38,302,705 | 39,498,605 | 35,125,709 | 31,456,961 | 27,316,608 | 30,562,782 | 26,422,285 | 26,143,812 | 26,230,945 | 27,099,581 | 24,383,774 | 26,040,510 | 26,120,464 | 23,845,857 | 33,398,044 | 54,442,431 | 23,321,222 | 20,721,878 | 19,716,002 | 17,838,672 | 18,004,828 | 17,787,091 | 15,621,119 | 15,239,795 | 17,599,345 | 17,976,018 | 17,474,719 | 16,346,821 | 15,275,348 | 14,208,454 | 11,669,541 | 7,956,581 | 10,905,612 | 9,230,460 | 7,557,106 | 8,345,214 | 10,578,617 | 8,361,364 | 10,171,428 | 9,441,364 | 11,619,724 | 6,945,770 | 6,381,061 | 8,094,526 | 11,540,642 | 10,408,061 | 8,755,399 | 8,587,202 | 10,983,669 | 7,385,557 | 9,512,475 | 3,089,091 |
noncurrent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities, net of current portion | 3,930,495 | 4,125,894 | 4,269,077 | 4,470,842 | 4,200,019 | 3,699,456 | 3,874,080 | 3,995,834 | 4,114,516 | 4,298,076 | 4,476,849 | 4,610,296 | 4,745,909 | 4,860,381 | 5,015,198 | 5,172,603 | 6,025,691 | ||||||||||||||||||||||||||||||||||||||||
deferred revenue, net of current portion | 435,151 | 462,053 | 586,744 | 788,088 | 907,160 | 944,056 | 1,059,922 | 999,761 | 1,027,770 | 1,208,293 | 400,280 | 376,162 | 364,837 | 370,800 | 367,503 | 390,493 | 400,142 | 431,733 | 430,191 | 437,578 | 398,409 | 367,065 | 13,333 | ||||||||||||||||||||||||||||||||||
deferred tax liabilities | 44,115 | 11,415 | 118,595 | 138,077 | 64,753 | 16,923 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 68,281,604 | 58,417,440 | 64,013,547 | 58,398,197 | 58,000,547 | 43,071,712 | 44,577,584 | 40,192,957 | 36,623,070 | 32,829,877 | 35,446,811 | 31,415,643 | 31,261,458 | 31,849,126 | 32,862,282 | 30,531,870 | 33,813,343 | 32,279,533 | 30,154,318 | 39,866,251 | 60,772,628 | 30,635,296 | 21,796,990 | 20,682,865 | 18,399,864 | 18,951,017 | 18,789,975 | 16,631,339 | 16,270,510 | 18,667,805 | 19,294,860 | 19,057,053 | 18,140,934 | 17,299,384 | 16,056,492 | 13,588,665 | 10,612,512 | 13,559,102 | 13,084,804 | 12,003,907 | 13,164,608 | 15,642,574 | 16,334,427 | 16,461,069 | 17,284,065 | 19,454,074 | 7,676,239 | 7,130,636 | 8,865,288 | 12,379,742 | 11,467,165 | 9,907,120 | 9,787,381 | 11,976,443 | 8,559,219 | 10,881,844 | 3,145,925 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 9,894 | 9,656 | 9,656 | 9,565 | 9,487 | 9,487 | 9,487 | 8,894 | 8,726 | 8,726 | 8,726 | 8,696 | 8,842 | 9,138 | 9,100 | 83,082 | 83,032 | 82,947 | 82,730 | 82,730 | 82,730 | 82,521 | 82,521 | 82,482 | 81,874 | 81,657 | 73,040 | 72,965 | 63,907 | 63,857 | 63,752 | 63,652 | 63,652 | 63,227 | 62,931 | 62,931 | 62,811 | 62,691 | 61,380 | 61,375 | 61,375 | 61,375 | 60,685 | 58,276 | |||||||||||||
additional paid-in capital | 103,733,790 | 103,491,727 | 103,337,616 | 103,187,223 | 103,103,653 | 102,878,731 | 102,676,148 | 102,349,962 | 102,151,381 | 101,725,806 | 101,425,959 | 101,330,659 | 101,194,185 | 101,049,870 | 100,934,729 | 100,845,374 | 101,424,922 | 102,276,064 | 101,871,610 | 101,645,142 | 100,504,741 | 95,462,725 | 94,346,591 | 94,200,237 | 94,083,209 | 93,920,095 | 93,813,519 | 93,745,431 | 93,699,300 | 93,661,178 | 93,569,933 | 93,449,495 | 92,824,426 | 92,661,000 | 81,800,617 | 81,484,180 | 81,411,266 | 69,867,491 | 69,814,932 | 69,706,658 | 69,648,376 | 69,594,390 | 69,531,751 | 69,466,310 | 69,075,170 | 69,005,250 | 68,928,823 | 68,754,353 | 67,963,301 | 67,931,139 | 67,903,574 | 67,874,394 | 67,322,809 | 67,194,788 | 60,753,969 | ||
accumulated other comprehensive loss | -379,665 | -359,584 | -359,994 | -424,840 | -450,945 | -314,286 | -363,835 | -357,119 | -334,899 | -357,744 | -280,582 | -312,986 | -350,234 | -499,799 | -381,275 | -246,421 | -241,586 | -189,910 | -139,931 | -159,564 | -104,615 | -252,183 | -119,523 | -122,461 | -181,337 | -309,369 | -223,623 | -238,989 | -204,254 | ||||||||||||||||||||||||||||
accumulated deficit | -91,833,338 | -90,983,933 | -90,424,748 | -89,806,289 | -89,082,226 | -88,725,820 | -88,300,610 | -87,801,057 | -87,147,947 | -85,816,140 | -84,895,026 | -84,052,953 | -83,101,474 | -74,209,172 | -73,668,289 | -59,909,080 | -59,516,183 | -58,941,702 | -59,476,586 | -59,271,855 | -59,857,279 | -70,147,168 | -69,412,915 | -68,950,742 | -67,871,197 | -65,416,805 | -62,987,373 | -62,839,336 | -61,942,403 | -61,282,893 | -60,146,953 | -58,383,673 | -56,974,045 | -55,816,286 | -54,913,293 | -49,011,597 | -48,342,358 | -47,415,660 | -45,321,972 | -45,616,793 | -45,756,144 | -45,720,875 | -46,554,731 | -46,798,439 | -46,496,377 | -46,553,780 | -46,685,636 | -46,903,575 | -47,118,006 | -46,800,646 | -51,414,028 | -52,529,520 | -52,942,202 | -53,181,500 | -53,696,968 | -54,591,956 | -53,360,425 |
total stockholders’ equity | 11,530,681 | 12,157,866 | 12,562,530 | 12,965,659 | 13,579,969 | 13,848,112 | 14,021,190 | 14,201,099 | 14,677,429 | 15,560,816 | 16,259,245 | 16,973,460 | 17,751,203 | 26,893,891 | 40,698,569 | 41,675,995 | 43,153,590 | 42,264,193 | 42,222,794 | 40,551,723 | 25,148,150 | 24,897,235 | 25,210,066 | 26,113,622 | 28,276,651 | 30,685,253 | 30,749,836 | 31,635,373 | 32,190,666 | 33,282,989 | 34,903,852 | 35,670,233 | 36,778,856 | 26,853,177 | 32,510,767 | 33,141,873 | 22,515,738 | 24,556,817 | 24,153,617 | 23,955,984 | 23,937,267 | 23,040,672 | 22,731,523 | 22,452,465 | 22,164,606 | 21,873,628 | 22,016,398 | 16,635,028 | 15,487,369 | 15,047,122 | 14,778,644 | 13,725,192 | 12,699,774 | ||||
total liabilities and stockholders’ equity | 79,812,285 | 70,575,306 | 76,576,077 | 71,363,856 | 71,580,516 | 56,919,824 | 58,598,774 | 54,394,056 | 51,300,499 | 48,390,693 | 51,706,056 | 48,389,103 | 49,012,661 | 59,756,173 | 71,230,439 | 75,489,338 | 75,433,123 | 72,418,511 | 82,089,045 | 101,324,351 | 55,783,446 | 46,694,225 | 45,892,931 | 44,513,486 | 47,227,668 | 49,475,228 | 47,381,175 | 47,905,883 | 50,858,471 | 52,577,849 | 53,960,905 | 53,811,167 | 54,078,240 | 42,909,669 | 46,099,432 | 43,754,385 | 36,074,840 | 37,641,621 | 36,157,524 | 37,120,592 | 39,579,841 | 39,375,099 | 39,192,592 | 30,128,704 | 29,295,242 | 30,738,916 | 34,396,140 | 28,102,193 | 25,394,489 | 24,834,503 | 26,755,087 | 22,284,411 | 23,581,618 | ||||
cash | 6,775,139 | 5,636,057 | 4,000,899 | 5,267,934 | 6,921,160 | 8,458,048 | 7,775,113 | 4,577,963 | |||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration | 6,900 | 6,900 | 6,900 | 6,900 | 6,900 | 6,900 | 6,900 | ||||||||||||||||||||||||||||||||||||||||||||||||||
of 79,698 and 81,359, respectively | 6,804,519 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 2,045,714 shares issued and none outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 9,311,761 and 8,893,220 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding, respectively | 9,313 | 8,894 | 8,894 | 8,740 | 9,071 | 8,876 | 52,523 | ||||||||||||||||||||||||||||||||||||||||||||||||||
of 81,359 and 51,666, respectively | 8,219,793 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 8,893,220 and 8,725,476 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 68,549 and 51,666, respectively | 8,950,712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 72,271 and 51,666 in 2023 and 2022, respectively | 10,202,272 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 1,579,040 | 1,704,933 | 1,934,162 | 1,963,276 | 1,912,100 | 2,280,894 | 3,517,392 | 1,788,379 | 1,875,353 | 2,016,282 | 2,185,581 | 2,136,669 | 2,348,578 | 1,261,880 | 1,190,558 | 1,182,313 | 1,132,983 | 1,253,896 | 2,007,970 | 1,953,168 | 1,768,374 | 857,578 | 710,275 | 754,294 | 829,257 | 37,566 | 40,911 | 280,987 | 235,526 | 351,503 | 173,655 | 53,055 | 101,044 | 194,464 | 390,506 | 26,994 | 107,008 | 362,721 | 294,541 | 393,317 | 263,487 | 650,365 | 768,504 | 963,607 | 1,667,969 | 520,818 | |||||||||||
authorized; 8,739,317 and 8,725,476 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of contingent consideration | 540,345 | 358,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration, net of current portion | 6,900 | 387,000 | 380,000 | 585,000 | 1,347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
of 41,313 and 62,988 in 2022 and 2021, respectively | 13,559,112 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders equity | 26,349,625 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders equity | 58,198,751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right of use asset | 5,570,297 | 5,744,148 | 5,917,435 | 6,095,376 | 5,690,692 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of operating lease liabilities | 603,344 | 592,639 | 582,058 | 577,855 | 499,739 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 5,481,299 | 5,632,233 | 5,784,592 | 5,931,788 | 5,339,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 246,037 | 246,037 | 246,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 111,054 and 114,169 in 2021 and 2020, respectively | 19,214,216 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 9,071,352 and 8,876,515 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 114,169 and 126,235 in 2020 and 2019, respectively | 35,882,661 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of other term obligations | 62,402 | 149,669 | 203,271 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 9,050,262 and 8,386,146 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 125,496 and 106,733 in 2019 and 2018, respectively | 6,952,068 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles | 2,640,164 | 3,510,393 | 3,671,506 | 3,988,662 | 4,298,902 | 4,761,199 | 4,801,164 | 4,834,602 | 5,101,523 | 5,375,798 | 5,648,576 | 5,724,650 | 5,992,992 | 3,728,542 | 4,080,957 | 3,449,644 | 3,613,271 | 3,943,548 | 4,280,496 | 4,617,443 | 4,969,241 | 4,251,143 | 4,641,314 | 5,031,483 | 5,421,655 | 1,381,580 | 1,576,439 | 2,236,563 | 1,257,105 | ||||||||||||||||||||||||||||
other term obligations, net of current portion | 65,630 | 78,336 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liability | 1,607,629 | 390,639 | 392,229 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 84,775,186 and 84,112,446 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and oustanding, respectively | 84,776 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long term assets | 121,551 | 44,553 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long term debt | 103,172 | 101,591 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 207,860 | 232,109 | 417,222 | 422,117 | 426,937 | 431,756 | 663,267 | 887,444 | 1,109,033 | 1,327,800 | 1,544,376 | 1,759,501 | 2,509,492 | 2,509,492 | 3,658,929 | 4,319,929 | 4,698,732 | 4,918,732 | 7,769,143 | 6,050,608 | 502,763 | 506,532 | 510,246 | 564,490 | 192,707 | 332,217 | 469,273 | 604,048 | 735,735 | 1,117,230 | |||||||||||||||||||||||||||
land and building held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage debt related to assets held for sale, net of current portion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 142,587 | 123,287 | 370,887 | 65,248 | 40,993 | 28,400 | 26,716 | 22,150 | 26,221 | 37,025 | 39,084 | 35,871 | 43,813 | 61,338 | 268,803 | 258,993 | 274,860 | 286,920 | |||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 587,091 | 385,388 | 398,031 | 400,768 | 510,533 | 435,300 | 417,907 | 611,967 | 561,900 | 426,736 | 414,841 | 549,789 | 566,474 | 533,944 | 341,918 | 364,185 | 401,929 | 482,389 | 804,957 | 751,270 | 719,754 | 782,862 | 422,606 | 464,577 | 565,239 | 473,320 | 343,387 | 364,123 | 376,184 | 359,563 | 367,238 | 267,666 | 553,384 | ||||||||||||||||||||||||
income taxes receivable | 42,896 | 25,984 | 399,382 | 763 | 108,887 | 138,575 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and other assets | 93,911 | 52,456 | 53,956 | 61,791 | 56,190 | 60,471 | 136,554 | 139,463 | 142,373 | 161,994 | 122,950 | 118,228 | 119,137 | 120,046 | 71,027 | 73,936 | 76,845 | 76,118 | 78,049 | 83,406 | 88,013 | 81,941 | |||||||||||||||||||||||||||||||||||
short term note payable | 34,975 | 131,761 | 48,787 | 35,063 | 76,761 | 131,953 | 48,738 | 37,423 | 80,966 | 137,025 | 45,420 | 34,529 | 68,557 | 119,336 | 34,001 | 84,097 | 66,514 | 113,018 | 27,349 | 74,084 | 25,947 | 59,344 | 51,545 | 94,809 | 25,922 | 55,837 | 55,117 | 102,074 | 29,176 | 97,158 | |||||||||||||||||||||||||||
income taxes payable | 51,856 | 5,141 | 48,663 | 56,510 | 59,645 | 37,684 | 94,236 | 39,408 | 4,280 | 12,574 | 107,567 | 21,121 | 217,982 | 73,520 | 75,560 | 127,962 | 143,450 | ||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 94,868 | 242,536 | 462,067 | 679,074 | 893,706 | 879,181 | 869,296 | 2,192,854 | 2,184,016 | 2,174,722 | 2,164,185 | 949,771 | 1,150,455 | 199,033 | 457,485 | 910,902 | 1,102,741 | 357,894 | 2,158,032 | 756,151 | 798,319 | 210,518 | 350,603 | 488,251 | 572,943 | ||||||||||||||||||||||||||||||||
current portion of deferred rent | 26,207 | 40,397 | 8,444 | 9,274 | 2,169 | 71,547 | 77,709 | 78,525 | 9,023 | 45,068 | 58,045 | 51,196 | 48,412 | 45,627 | 43,515 | 36,508 | 33,457 | 30,406 | 27,998 | 20,835 | |||||||||||||||||||||||||||||||||||||
current portion of capital lease obligations | 18,027 | 4,097 | 10,030 | 13,772 | 18,716 | 28,752 | 47,935 | 33,269 | 66,828 | 76,597 | 48,011 | 75,835 | 34,993 | 45,125 | 10,552 | 22,440 | 43,490 | 42,878 | 10,226 | 47,137 | 54,987 | 22,908 | |||||||||||||||||||||||||||||||||||
long-term debt related to assets held for sale, net of current portion | 412,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligation, net of current portion | 61,119 | 2,840 | 5,111 | 11,962 | 11,682 | 47,444 | 30,778 | 36,669 | 83,145 | 70,592 | 58,419 | 57,119 | 102,715 | 101,646 | 91,212 | 102,244 | 145,122 | 124,086 | 5,838 | 14,455 | 22,908 | 32,485 | 44,428 | 56,142 | 67,632 | 91,772 | 95,248 | 56,834 | |||||||||||||||||||||||||||||
deferred rent, net of current portion | 100,380 | 86,198 | 137,851 | 137,452 | 144,724 | 151,994 | 159,266 | 155,222 | 150,212 | 152,815 | 155,418 | 18,395 | 10,408 | 2,421 | 69,631 | 2,255 | 15,786 | 29,318 | 42,849 | 74,706 | 84,205 | 93,061 | 98,702 | 102,462 | 82,849 | 21,760 | 7,312 | 71,596 | |||||||||||||||||||||||||||||
deferred income taxes | 386,360 | 48,826 | 44,019 | 39,467 | 36,243 | 30,889 | 447,811 | 13,324 | 30,553 | 18,584 | 700,743 | 700,743 | 700,743 | 700,743 | 473,430 | 473,430 | 473,430 | 473,430 | 473,430 | 473,430 | 470,430 | 473,430 | |||||||||||||||||||||||||||||||||||
assets held for sale | 594,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit advance | 126,007 | 137,861 | 585,712 | 2,013,665 | 122,527 | 392,222 | 916,663 | ||||||||||||||||||||||||||||||||||||||||||||||||||
of 76,486 and 73,378 in 2016 and 2015, respectively | 7,122,892 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 82,730,134 and 82,520,696 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding, respectively | 82,730 | 73,425 | 63,752 | 63,752 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and other liabilities | 1,964 | 6,164 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | 1,964 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive | -270,140 | -222,512 | -244,452 | -262,022 | -147,515 | -107,572 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax asset, net of current | 14,272 | 699,350 | 5,498,201 | 4,407,630 | 4,407,630 | 3,948,658 | 3,595,173 | 3,526,499 | 3,346,948 | 3,407,760 | 3,556,814 | ||||||||||||||||||||||||||||||||||||||||||||||
of 101,157 and 30,038 in 2014 and 2013, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 73,425,328 and 63,907,357 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -34,856 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 30,527 and 76,886 in 2013 and 2012, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 63,751,857 and 63,751,857 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term notes payable | 66,373 | 100,951 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax payable | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term debt | 7,577,631 | 7,769,143 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 134,702 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent liability | 55,708 | 65,207 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
63,226,857 and 63,226,857 shares issued and outstanding, respectively | 63,227 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in-capital | 69,381,758 | 69,326,705 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' deficit | 22,948,608 | 22,836,152 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' deficit | 40,232,673 | 42,290,226 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of earnout liability | 153,000 | 153,000 | 153,000 | 153,000 | 300,000 | 300,000 | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current deferred income tax asset | 468,200 | 492,385 | 615,139 | 412,801 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other intangibles | 1,038,621 | 1,086,084 | 991,701 | 1,104,551 | 1,196,996 | 1,375,197 | 1,574,282 | ||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent deferred income tax asset | 3,116,705 | 3,116,705 | 3,116,705 | 3,116,705 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 55,170 | 55,598 | 56,027 | 46,455 | 62,377 | 62,806 | 64,890 | 75,718 | 103,609 | 110,808 | 56,192 | ||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligation | 32,485 | 38,590 | 41,687 | 44,724 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax liability | 431,450 | 392,227 | 353,004 | 313,782 | 274,559 | 156,891 | |||||||||||||||||||||||||||||||||||||||||||||||||||
stock warrants | 24,375 | 24,375 | 24,375 | 24,375 | 38,666 | 38,666 | 38,666 | ||||||||||||||||||||||||||||||||||||||||||||||||||
short-term portion of long-term debt | 548,195 | 538,911 | 529,799 | 520,855 | 512,077 | 486,707 | |||||||||||||||||||||||||||||||||||||||||||||||||||
short-term portion of deferred rent | 15,793 | 12,627 | 45,992 | 54,497 | 1,810 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term portion of capital lease obligation | 59,286 | 77,394 | 95,155 | 112,576 | 118,899 | 107,141 | 44,561 | ||||||||||||||||||||||||||||||||||||||||||||||||||
related party note payable | 2,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of deferred rent | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 0 and 195,214 shares issued and outstanding, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
respectively, liquidation value 3,416,245 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
52,522,699 shares and 50,494,759 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 7,484,733 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 10,630,658 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2018-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -849,405 | -559,185 | -618,459 | -724,063 | -356,406 | -425,210 | -499,553 | -653,110 | -1,331,807 | -921,114 | -842,073 | -951,479 | -462,173 | -2,429,432 | -148,040 | -896,930 | -659,510 | -1,135,940 | -1,763,280 | -1,409,628 | -1,157,759 | -926,698 | |||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | -43,750 | 135,100 | -48,500 | -36,400 | -116,473 | -14,700 | 72,500 | 45,200 | 490,505 | 148 | 5 | -20,303 | -7,548,159 | -4,154 | -4,094 | -3,965 | -15,199 | -769 | -16,481 | -179,551 | 24,185 | 122,754 | -202,338 | 39,223 | 39,223 | 39,222 | |||||||||||||||||||||||
depreciation expense | 653,292 | 231,632 | 238,806 | 229,330 | 236,953 | 263,139 | 256,531 | 260,302 | 294,202 | 261,787 | 265,248 | 267,309 | 270,377 | 273,263 | 275,176 | 265,185 | 258,224 | 263,058 | 253,899 | 250,899 | 317,879 | 131,065 | 102,303 | 105,154 | 111,194 | 119,799 | 135,197 | 110,201 | 117,795 | 125,391 | 136,518 | 136,262 | 125,159 | 98,969 | 106,419 | 100,234 | 99,903 | 88,802 | 94,904 | 104,169 | 110,184 | 90,897 | 84,864 | 82,066 | 88,881 | 78,854 | 74,030 | 71,666 | 72,978 |
provision for credit losses | -12,577 | 7,413 | 24,505 | 6,776 | 234 | 7,859 | 6,159 | 7,566 | 7,081 | ||||||||||||||||||||||||||||||||||||||||
amortization of intangibles | 354,598 | 418,687 | 486,547 | 480,552 | 469,825 | 558,579 | 650,354 | 573,137 | 748,452 | 526,315 | 506,461 | 501,094 | 492,722 | 365,825 | 305,891 | 286,653 | 259,310 | 133,756 | 120,250 | 119,083 | -114,242 | 262,300 | 304,288 | 286,840 | 266,919 | 266,920 | 274,276 | 272,778 | 262,428 | 268,342 | 333,116 | 352,991 | 353,033 | 302,408 | 330,280 | 336,948 | 336,947 | 351,795 | 221,910 | 390,171 | 390,171 | 390,171 | 109,394 | 123,461 | 141,057 | 152,381 | 178,202 | 220,354 | 203,041 |
share-based compensation expense | 251,231 | 154,111 | 166,018 | 198,859 | 224,922 | 202,584 | 365,958 | 417,783 | 425,574 | 299,847 | 95,454 | 140,116 | 144,315 | 115,141 | 89,385 | 179,741 | 221,631 | 235,469 | 243,821 | 182,842 | 273,453 | 124,404 | 106,575 | 68,088 | 48,447 | 87,879 | 91,246 | 89,229 | 81,311 | 37,551 | 87,180 | 70,397 | 83,988 | 82,716 | 46,108 | 68,659 | 58,281 | 53,987 | 51,738 | 55,593 | 55,227 | 55,053 | 47,602 | 69,920 | 11,747 | 28,190 | 29,180 | ||
non-cash lease expense | 60,719 | 59,713 | 58,726 | 46,444 | |||||||||||||||||||||||||||||||||||||||||||||
chang in fair value of contingent consideration | |||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | 0 | 0 | -1,284 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and unbilled receivables | -11,494,475 | 8,901,816 | -126,540 | -1,990,901 | -10,539,527 | 3,146,970 | -6,457,150 | -5,317,052 | -5,895,773 | 3,367,724 | 369,936 | -2,528,761 | 1,140,500 | -313,613 | -1,295,269 | 4,413,557 | -3,523,450 | 2,239,634 | 8,099,858 | 20,467,818 | -21,357,682 | 1,494,740 | 5,327,168 | -4,616,382 | 2,328,498 | 1,341,494 | -1,143,028 | 1,651,896 | -1,994,936 | -1,464,099 | -1,891,175 | -3,379,378 | -1,163,447 | 2,623,179 | -1,056,227 | -1,621,395 | 490,098 | 2,840,521 | -1,822,221 | 1,499,434 | -155,955 | 1,049,625 | |||||||
inventories | 343,846 | -464,918 | -6,995 | -240,208 | 124,795 | -154,561 | 374,273 | -291,356 | 128,201 | -186,803 | -67,772 | -17,294 | 319,933 | 181,964 | -238,711 | 104,365 | 608,388 | -97,032 | -442,992 | 332,201 | -842,044 | -170,185 | 247,174 | -305,588 | -24,439 | -12,265 | -1,868 | -4,466 | 4,024 | 10,804 | -4,638 | -4,783 | 58,526 | 17,525 | 7,473 | -9,810 | 15,867 | 12,060 | |||||||||||
other current assets | 486,186 | 2,513,511 | -2,865,452 | -1,190,283 | -1,881,695 | -352,846 | -259,499 | -251,778 | 195,821 | -144,952 | -69,830 | 15,790 | 1,678,318 | -323,483 | 221,664 | 311,218 | |||||||||||||||||||||||||||||||||
other assets | -109 | 53,717 | 53,716 | 53,717 | -169,386 | 0 | 0 | -6,412 | 6,413 | 0 | 1 | -306 | 27,160 | 1,112 | -2 | 1 | -43,057 | -84,815 | 1,505 | 7,835 | -5,601 | 4,281 | -10,000 | 1 | 0 | 7,917 | |||||||||||||||||||||||
accounts payable and accrued expenses | 10,730,499 | -3,412,672 | 3,360,276 | -1,072,599 | 12,306,823 | -1,618,507 | 3,946,472 | 3,909,794 | 4,341,798 | -2,702,453 | 2,083,845 | 113,869 | 171,844 | -888,359 | 3,478,057 | -1,509,330 | -18,047 | 319,070 | -9,591,196 | -20,897,329 | 20,571,587 | 1,166,610 | -2,197 | 2,377,424 | 1,227,427 | -2,295,069 | 1,644,590 | -1,679,700 | 1,403,789 | 785,850 | 2,506,558 | 2,362,762 | 585,742 | -1,592,238 | -1,029,459 | 2,019,935 | -195,896 | -2,233,555 | 1,214,535 | 101,584 | -527,732 | -1,944,068 | 1,484,043 | 813,961 | -1,168,092 | -3,374,376 | 1,731,955 | 601,557 | -2,633,815 |
income tax payable | 144,838 | 376 | -65,030 | 9,543 | 24,396 | 22,287 | -18,614 | -72,015 | -32,014 | 4,245 | -30,168 | 55,703 | 62,301 | 162,018 | -161,529 | 7,111 | -274,154 | 232,506 | 9,450 | 30,567 | -47,565 | 143,699 | -2,040 | 184,447 | 29,688 | 15,000 | |||||||||||||||||||||||
deferred revenue and other liabilities | -742,296 | -2,048,549 | 2,560,494 | 1,044,877 | 2,115,258 | 248,808 | 481,858 | -178,728 | -397,085 | 303,663 | 1,170,371 | -121,253 | -271,590 | -1,620 | 57,027 | -369,633 | -1,275,537 | 1,743,159 | -101,466 | -75,693 | -302,129 | -82,833 | 63,828 | 40,155 | -106,612 | -814,525 | 75,211 | 163,020 | 884,820 | 221,693 | |||||||||||||||||||
other liabilities | -56,124 | -55,118 | -54,130 | -43,235 | 0 | 0 | -79,345 | -278,655 | 0 | 0 | 246,037 | 0 | 0 | 0 | 1,964 | ||||||||||||||||||||||||||||||||||
net cash from operating activities | -173,527 | 5,935,634 | 3,172,143 | -3,227,591 | 2,434,750 | 1,884,402 | -1,080,711 | -1,556,669 | -1,209,928 | 814,201 | 3,510,023 | -2,489,048 | 2,850,880 | -962,497 | 1,354,418 | 2,825,426 | -4,682,640 | 3,871,432 | -1,366,299 | 954,944 | 933,752 | 2,251,868 | 3,920,282 | -2,192,115 | 3,025,978 | -2,042,505 | -75,679 | -868,315 | -666,380 | -1,290,437 | -1,215,697 | -52,552 | -3,029,086 | 238,485 | 671,435 | 966,058 | -211,639 | 2,407,185 | -862,082 | -332,714 | -362,072 | 609,375 | 1,566,554 | -544,904 | -2,291,664 | ||||
capital expenditures | -124,551 | -20,031 | -93,255 | -27,632 | -37,236 | -62,701 | -11,507 | -6,494 | -41,992 | -63,196 | -6,293 | -96,721 | -5,720 | -25,137 | -10,822 | -203,274 | -95,145 | -72,729 | -19,010 | -71,292 | -40,376 | -13,918 | -129,413 | -83,523 | -22,536 | -39,187 | -104,595 | -112,789 | -103,205 | -93,030 | -157,467 | -19,076 | -223,884 | -53,727 | -131,373 | -104,002 | -16,731 | -64,017 | -180,505 | -55,580 | -97,130 | -133,527 | -89,937 | -8,188 | -10,904 | ||||
free cash flows | -298,078 | 5,915,603 | 3,078,888 | -3,255,223 | 2,397,514 | 1,821,701 | -1,092,218 | -1,563,163 | -1,251,920 | 751,005 | 3,503,730 | -2,585,769 | 2,845,160 | -987,634 | 1,343,596 | 2,622,152 | -4,777,785 | 3,798,703 | -1,385,309 | 883,652 | 893,376 | 2,237,950 | 3,790,869 | -2,275,638 | 3,003,442 | -2,081,692 | -180,274 | -981,104 | -769,585 | -1,383,467 | -1,373,164 | -71,628 | -3,252,970 | 184,758 | 540,062 | 862,056 | -228,370 | 2,343,168 | -1,042,587 | -388,294 | -459,202 | 475,848 | 1,476,617 | -553,092 | -2,302,568 | ||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -124,551 | -20,031 | -93,255 | -27,632 | -37,236 | -62,701 | -11,507 | -6,494 | -41,992 | -63,196 | -6,293 | -96,721 | -5,720 | -25,137 | -10,822 | -203,274 | -95,145 | -72,729 | -19,010 | -71,292 | -40,376 | ||||||||||||||||||||||||||||
proceeds from beneficial interest in sold receivables | 0 | 0 | 0 | 259,125 | 0 | 325,988 | |||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -124,551 | -20,031 | -93,255 | -27,632 | -37,236 | -62,701 | -11,507 | 252,631 | -113,660 | 67,487 | -215,542 | -359,270 | -345,559 | -912,337 | -1,166,910 | -983,873 | -5,504,112 | -689,528 | -608,646 | -641,239 | -796,186 | -84,592 | 19,155 | -330,397 | -256,017 | -39,187 | -104,595 | -112,789 | -289,559 | -93,030 | -4,237,095 | -157,857 | -223,884 | -53,727 | -131,373 | -104,002 | -149,168 | -64,017 | -103,966 | -55,580 | -8,038,199 | -162,463 | -332,570 | -172,308 | -239,937 | -43,158 | -395,228 | ||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
advances on bank line of credit | 0 | 0 | 0 | 2,800,000 | 1,000,000 | 0 | 3,600,000 | 1,000,000 | 0 | 0 | 2,180,277 | 4,313,007 | 10,843,269 | -4,458,779 | 8,362,503 | 0 | 8,014,967 | 6,434,919 | 3,804,476 | 6,216,967 | 7,128,783 | 4,722,736 | 3,926,571 | 3,342,951 | 4,363,466 | 821,042 | 3,445,647 | 1,508,241 | 0 | 176,998 | 304,020 | -4,015 | 740,404 | 421,535 | 1,873,139 | ||||||||||||||
repayments of bank line of credit advances | 0 | 0 | 0 | -2,800,000 | -1,000,000 | 0 | -3,600,000 | -1,000,000 | 0 | 0 | -2,180,277 | -4,313,007 | -10,843,269 | 4,458,779 | -8,362,503 | -126,007 | -8,026,821 | -6,882,770 | -3,218,764 | -8,230,632 | -5,237,645 | -4,600,209 | -3,926,571 | -3,735,173 | -3,971,244 | -821,042 | -4,362,310 | -591,578 | 0 | -176,998 | -304,020 | 4,015 | |||||||||||||||||
principal repayments under finance lease obligations | -167,934 | -165,697 | -126,836 | -119,766 | -179,630 | -178,251 | -141,105 | -137,469 | -166,386 | -164,703 | -129,868 | -125,568 | -153,747 | -149,559 | -149,727 | -147,405 | -143,668 | -142,660 | -141,839 | -143,916 | |||||||||||||||||||||||||||||
withholding taxes paid on behalf of employees on net settled restricted stock awards | 0 | 0 | -15,534 | -115,211 | 0 | -1 | -39,598 | -218,783 | 1 | 0 | 0 | -3,628 | 0 | 0 | 0 | -49,224 | -29 | 0 | 29 | -140,894 | |||||||||||||||||||||||||||||
issuance of common stock from cashless stock option exercises | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 169,023 | 0 | 10,250 | 22,000 | -1 | 31,248 | 544,366 | 126,092 | 181,793 | 246,425 | 6,501 | 11,605 | 9,848 | 0 | 0 | 64,800 | 146,400 | |||||||||||||||||||||||||||||||
net cash from financing activities | -176,864 | -165,697 | -142,370 | -234,977 | -179,630 | -178,252 | -180,703 | -356,252 | -166,385 | -164,703 | -129,868 | -129,196 | -153,747 | -149,559 | -149,727 | -1,014,840 | -1,386,737 | 26,363 | -159,163 | 813,838 | 4,094,281 | -4,050 | -283,310 | -241,592 | -677,895 | 321,062 | -2,248,231 | 1,688,713 | -894,192 | -99,027 | -560,666 | 10,343,938 | 843,740 | -279,582 | -553,419 | -202,259 | -175,201 | -130,180 | -186,264 | -314,103 | 3,950,287 | -188,344 | -118,085 | -46,370 | -188,804 | -196,238 | -202,514 | ||
net effect of exchange rate on cash | -19,850 | -8,376 | -16,405 | -27,553 | -36,546 | -8,291 | 5,886 | 7,064 | -46,915 | -34,050 | 32,537 | 24,613 | |||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -494,792 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 0 | 7,817,395 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | -494,792 | 5,741,530 | 2,920,113 | 4,299,642 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash consisted of the following: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | -2,309,919 | 5,307,464 | 3,117,789 | 3,703,169 | |||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 1,815,127 | 434,066 | -197,676 | 596,473 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash consisted of the following: - sum | -494,792 | 5,741,530 | 2,920,113 | 4,299,642 | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | 2,920,113 | -3,517,753 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment charge - definite-lived intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
lease expense | |||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | -380,100 | 7,000 | -666,000 | -301,000 | |||||||||||||||||||||||||||||||||||||||||||||
capitalized hardware and software development costs | -71,668 | -195,305 | -352,365 | -262,549 | -339,839 | -887,200 | -1,156,088 | -780,599 | -720,138 | -616,799 | -589,636 | -569,947 | |||||||||||||||||||||||||||||||||||||
net increase in cash and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash, beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash, end of period | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash consisted of the following: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash consisted of the following: - sum | |||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash | 1,635,158 | -1,536,888 | -2,952,901 | 2,469,544 | -2,130,765 | 2,173,265 | -2,512,762 | 10,075,214 | -1,023,826 | -6,030,218 | 10,133,529 | -94,824 | -13,357 | 659,797 | |||||||||||||||||||||||||||||||||||
cash, beginning of period | 0 | 0 | 6,921,160 | 0 | 0 | 0 | 7,530,864 | 5,272,457 | 0 | 0 | 0 | 7,930,303 | 0 | 0 | 0 | 13,154,699 | 0 | 0 | 0 | 1,857,614 | -99,967 | 0 | |||||||||||||||||||||||||||
cash, end of period | 1,635,158 | -1,267,035 | 5,267,934 | -1,536,888 | 682,935 | 3,197,150 | 4,577,963 | 7,445,722 | 3,537,939 | -2,742,062 | 2,076,157 | 6,251,464 | -2,512,762 | 755,733 | -1,837,058 | 11,524,390 | 10,075,214 | -1,023,826 | -6,030,218 | 10,133,529 | -94,824 | -13,357 | 2,517,411 | -635,975 | 2,212,988 | ||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from | |||||||||||||||||||||||||||||||||||||||||||||||||
(used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash | -1,653,226 | -1,678,839 | -1,837,058 | -1,630,309 | 1,137,813 | ||||||||||||||||||||||||||||||||||||||||||||
impairment charge - goodwill | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock repurchased | 0 | 0 | 0 | -818,211 | |||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | 0 | -14,521 | -353,485 | ||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment charge | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
warrants expense | 0 | 0 | 108,000 | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
(recovery) provision for credit losses | -1,821 | 35,858 | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 787,763 | 1,061,614 | 390,697 | ||||||||||||||||||||||||||||||||||||||||||||||
net income | -8,892,302 | -540,882 | -13,759,210 | -392,897 | -574,481 | 534,884 | -204,731 | 585,424 | 10,063,634 | -5,901,696 | -2,093,688 | 294,821 | 139,351 | -35,269 | 833,252 | 57,403 | 131,856 | 217,939 | 214,431 | -317,360 | 1,115,492 | 412,682 | 239,298 | ||||||||||||||||||||||||||
(recovery) provision for doubtful accounts | 11,608 | 555 | 99 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
acquisition of it authorities, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock/at-the-market offering, net of issuance costs | 29 | 0 | -17,353 | 1,088,398 | |||||||||||||||||||||||||||||||||||||||||||||
net effect of exchange rate on cash and equivalents | 117,970 | -106,372 | -113,439 | -38,950 | -48,872 | -53,298 | 23,117 | -65,929 | 217,550 | 10,039 | -118,188 | 22,042 | -15,909 | 81,791 | -84,257 | 48,124 | 13,073 | -147,815 | -116,564 | -38,379 | |||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 6,479,980 | 0 | 0 | 0 | 15,996,749 | 4,447,735 | 0 | 0 | 5,816,303 | 0 | 0 | 6,238,788 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 2,469,544 | -2,130,765 | -75,658 | 7,267,743 | -11,622,361 | 3,154,969 | -2,110,991 | 17,058,363 | 8,897,132 | 603,768 | -812,727 | 6,207,000 | 1,137,813 | -784,300 | 3,349,382 | ||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | -2,083 | 7,819 | 1,576 | 2,909 | 3,152 | 0 | 909 | 3,819 | 0 | 2,909 | 4,910 | 909 | -4,140 | 2,409 | 2,409 | 2,410 | 1,929 | 428 | 429 | 428 | 428 | 2,084 | 2,911 | ||||||||||||||||||||||||||
prepaid expenses and other current assets | -19,089 | -1,733,221 | 243,978 | -266,393 | -12,951 | -124,058 | 7,817 | 4,130 | 106,782 | -91,619 | -19,455 | 195,667 | -46,277 | -143,149 | 49,909 | 125,993 | 174,128 | -32,530 | -192,026 | 22,267 | 37,744 | 80,460 | 154,576 | -53,687 | 41,971 | 100,662 | -91,919 | 20,736 | 12,061 | 25,379 | |||||||||||||||||||
provision for doubtful accounts | -209 | -5,766 | 261,333 | 5,462 | -6,778 | -6,616 | -18,711 | 59,910 | -21,487 | -1,640 | 13,688 | 24,291 | 20,848 | -2,862 | |||||||||||||||||||||||||||||||||||
capitalized software development costs | |||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments under lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 8,958 | -2,409 | 1 | -14,550 | |||||||||||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
provision (recovery) for doubtful accounts | |||||||||||||||||||||||||||||||||||||||||||||||||
software development costs | -70,674 | 147,461 | -246,874 | 0 | 0 | 0 | 0 | 0 | -138,781 | 0 | -75,998 | -235,440 | -39,531 | 0 | -21,269 | -14,324 | |||||||||||||||||||||||||||||||||
contingent consideration payment | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of fixed assets | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax (payable) receivable | -5,240 | -64,356 | -13,039 | -18,835 | 20,691 | -29,625 | 27,640 | 34,887 | 16,178 | -344,619 | 86,943 | 431,821 | -616,601 | ||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -13,918 | -129,413 | -83,523 | -22,536 | -39,187 | -104,595 | -112,789 | -103,205 | -93,030 | -45,979 | -40,215 | -157,467 | -19,076 | -223,884 | -53,727 | -131,373 | -104,002 | -16,731 | -64,017 | -180,505 | -55,580 | -115,025 | -86,465 | -97,130 | -133,527 | -89,937 | -8,188 | -10,904 | |||||||||||||||||||||
proceeds from the sale of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of long term debt | -152,710 | -224,426 | -221,827 | -219,451 | -216,986 | -214,292 | -1,545,147 | -209,929 | -207,282 | -204,588 | -535,577 | -200,684 | -198,015 | -258,452 | -463,220 | -191,839 | -208,824 | -168,445 | -131,379 | -286,340 | |||||||||||||||||||||||||||||
principal repayments under capital lease obligations | -26,050 | -4,594 | -5,312 | -5,901 | -15,183 | -17,579 | -19,381 | -15,938 | -15,190 | -14,550 | -14,806 | -14,090 | -8,832 | -11,023 | -10,819 | -10,616 | -10,420 | 13,060 | -36,761 | -17,049 | -13,213 | ||||||||||||||||||||||||||||
restricted stock award tax liability payment | 1 | 0 | -2,316 | -30,016 | |||||||||||||||||||||||||||||||||||||||||||||
(gain) on sale of assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||
income tax receivable | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of equipment | -8,457 | 8,614 | 1 | 1,101 | -7,067 | 1 | 0 | 0 | 944 | 0 | 357 | ||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash | |||||||||||||||||||||||||||||||||||||||||||||||||
provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
inventory write-downs | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on change in fair value of contingent consideration | |||||||||||||||||||||||||||||||||||||||||||||||||
other assets excluding deferred financing costs | 74,508 | -1,964 | -7,110 | 23,821 | -34,196 | -4,722 | 0 | -2,910 | -49,019 | 0 | -2,000 | -1,637 | -2,887 | 5,357 | 0 | ||||||||||||||||||||||||||||||||||
proceeds from settlement of net working capital requirement | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
business combination, net of cash acquired | 26,882 | -26,882 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from public stock offering, net of offering costs | 10,599,642 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on change in fair value of contingent obligation | 0 | -661,000 | -369,000 | -220,000 | |||||||||||||||||||||||||||||||||||||||||||||
issuance of long term debt | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | -14,693 | -102,556 | -10,191 | -178,687 | 43,304 | -117,946 | 177,848 | 118,315 | -90,607 | -95,982 | -123,346 | 25,496 | -80,014 | -255,713 | 68,180 | 129,830 | -386,878 | -118,139 | |||||||||||||||||||||||||||||||
net cash (used in) provided by operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
net cash used in investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by (used in) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from public stock offering | 11,470,117 | ||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of short-term notes payable | -50,031 | ||||||||||||||||||||||||||||||||||||||||||||||||
unused bank line fee | |||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash | |||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 47,400 | 52,710 | 107,958 | 7,096 | 15,371 | 19,868 | 20,944 | 18,761 | 21,648 | 25,281 | |||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 15,003 | 15,338 | |||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of assets under capital lease obligation | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
earnout consideration paid in connection with prior acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax | 149,054 | ||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash | -702,397 | ||||||||||||||||||||||||||||||||||||||||||||||||
insurance policies financed by short term notes pay. | |||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of bank line of credit | |||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 69,177 | ||||||||||||||||||||||||||||||||||||||||||||||||
repayments on bank line of credit | -1,873,139 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, beginning of year | 2,135,310 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, end of year | 1,432,913 | ||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of assets under capital lease arrangement | 179,994 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and unbilled accounts receivable | -340,286 | 509,734 | 4,292,466 | -1,753,350 | -1,545,218 | -159,636 | |||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 0 | -127,962 | -15,488 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from provided by operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
purchase of subsidiary, net of cash acquired | -150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of office equipment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable | -176,401 | -171,171 | -181,280 | -160,913 | -166,763 | -173,603 | |||||||||||||||||||||||||||||||||||||||||||
principal payments under capital lease obligation | -11,943 | -11,714 | -11,490 | -30,051 | -29,475 | -28,911 | |||||||||||||||||||||||||||||||||||||||||||
supplementary information: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income tax | 30,620 | 186,425 | 15,338 | 6,472 | |||||||||||||||||||||||||||||||||||||||||||||
purchase of asset/subsidiary, net of cash acquired | -370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of office equipment | 750 | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||
stock options expense | 30,007 | ||||||||||||||||||||||||||||||||||||||||||||||||
borrowings on notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||
costs related to renewal fee for line of credit | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
capital leases for acquisition of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
cashflows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -2,889,406 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization | |||||||||||||||||||||||||||||||||||||||||||||||||
loss (gain) on disposal of equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of stock | |||||||||||||||||||||||||||||||||||||||||||||||||
costs related to issuance of stock | |||||||||||||||||||||||||||||||||||||||||||||||||
costs related to financing purchase of subsidiary | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
promissory note issued for isys acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities incurred but not yet paid relating to stock issuance | |||||||||||||||||||||||||||||||||||||||||||||||||
value of 1.5 million common shares issued as consideration in the acquisition of isys |