|
FY2012
12 months to Dec 31, 2012
|
FY2011
12 months to Dec 31, 2011
|
|
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net income (loss) | ||
| Net income | ||
| Adjustments to reconcile net income to cash flow from operating activities: | ||
| Depreciation and amortization | ||
| Amortization and expense related to debt issuance costs | ||
| Amortization of original issue discount | ||
| Amortization of imputed interest discount | ||
| Loss on forgiveness of notes receivable | ||
| Impairment of goodwill, intangibles and property and equipment | ||
| Loss (gain) on sale of property and equipment | ||
| Other-than-temporary impairment loss on available-for-sale securities | ||
| Losses attributable to available-for-sale securities | ||
| Gain on bargain purchase | ||
| Change in allowance for doubtful accounts receivable | ||
| Change in reserve for stock subscriptions and interest receivable | ||
| Warrants issued for services or modified as interest expense | ||
| Services provided in exchange for reduction of related parties debt | ||
| Common shares issued for expenses | ||
| Stock based compensation expense | ||
| Reduction in interest receivable by increase in note receivable | ||
| Deferred income taxes | ||
| Changes in operating assets and liabilities: | ||
| Accounts receivable | ||
| Other receivable – related party | ||
| Costs and estimated earnings in excess of billings on uncompleted projects | ||
| Inventories | ||
| Prepaid expenses and other | ||
| Income tax receivable | ||
| Insurance collateral | ||
| Other assets | ||
| Accounts payable and accrued liabilities | ||
| Billings in excess of costs and estimated earnings on uncompleted projects | ||
| Accrued income taxes | ||
| Deferred service obligations and revenue | ||
| Net cash flows from operating activities | ||
| INVESTING ACTIVITIES | ||
| Acquisition of subsidiaries (see Note 2) | ||
| Purchases of property and equipment | ||
| Checks issued in excess of bank balance with the purchase of subsidiaries | ||
| Acquisition of subsidiaries | ||
| Purchases of intangible assets | ||
| Purchases of available-for-sale securities | ||
| Proceeds from sales of available-for-sale securities | ||
| Proceeds from purchase of land and building | ||
| Purchase of certificate of deposit | ||
| Proceeds from sale of subscriber assets | ||
| Proceeds from sale of property and equipment | ||
| Collections on notes receivable | ||
| Net cash flows from investing activities | ||
| FINANCING ACTIVITIES | ||
| Borrowings on line of credit | ||
| Repayment on line of credit | ||
| Debt issuance costs | ||
| Payments on long-term debt | ||
| Payments on capital lease obligations | ||
| Payment on mandatory redeemable preferred stock | ||
| Payments on related parties debt | ||
| Payments for stock issuance costs | ||
| Payments on short-term debt | ||
| Proceeds from issuance of long-term debt | ||
| Proceeds from issuance of preferred stock | ||
| Proceeds from related parties debt | ||
| Proceeds from secondary offering – net of expenses | ||
| Payments received on stock subscriptions and interest receivables | ||
| Repurchase of common stock | ||
| Redemption of preferred stock | ||
| Payment of preferred stock dividends | ||
| Proceeds from exercise of options | ||
| Exercise of warrants | ||
| Proceeds from exercise of warrants | ||
| Net cash flows from financing activities | ||
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||
| CASH AND CASH EQUIVALENTS - Beginning of Year | ||
| CASH AND CASH EQUIVALENTS - END OF YEAR |
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