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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating activities: | ||
| Net loss | $ (1,197,359)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest | $ (1,040,766)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 420,123us-gaap_DepreciationDepletionAndAmortization | 376,319us-gaap_DepreciationDepletionAndAmortization |
| Deferred rent payable | 1,170,450us-gaap_OtherNoncashExpense | 113,371us-gaap_OtherNoncashExpense |
| Deferred taxes | (1,604)us-gaap_DeferredIncomeTaxesAndTaxCredits | 140,333us-gaap_DeferredIncomeTaxesAndTaxCredits |
| Loss on equity method investments | (168,970)us-gaap_IncomeLossFromEquityMethodInvestments | (114,408)us-gaap_IncomeLossFromEquityMethodInvestments |
| Derivative expense | 614,000us-gaap_DerivativeGainLossOnDerivativeNet | 48,000us-gaap_DerivativeGainLossOnDerivativeNet |
| Stock-based compensation | 178,000us-gaap_ShareBasedCompensation | 72,191us-gaap_ShareBasedCompensation |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 263,324us-gaap_IncreaseDecreaseInAccountsReceivable | (515,411)us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventory | 195,902us-gaap_IncreaseDecreaseInInventories | 170,016us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other current assets | (1,477,974)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (57,903)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Security deposits | 13,588us-gaap_IncreaseDecreaseInSecurityDeposits | 102,577us-gaap_IncreaseDecreaseInSecurityDeposits |
| Other assets | 40,372us-gaap_IncreaseDecreaseInOtherOperatingAssets | (111,324)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable | (1,620,085)us-gaap_IncreaseDecreaseInAccountsPayable | (511,385)us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses | 864,853us-gaap_IncreaseDecreaseInAccruedLiabilities | 414,122us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Deferred revenue | (25,104)us-gaap_IncreaseDecreaseInDeferredRevenue | 48,603us-gaap_IncreaseDecreaseInDeferredRevenue |
| Net cash used in operating activities | (730,484)us-gaap_NetCashProvidedByUsedInOperatingActivities | (865,665)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities: | ||
| Purchase of property and equipment | (2,402,045)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,678,761)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Investment | 174,328us-gaap_PaymentsForProceedsFromInvestments | 70,796us-gaap_PaymentsForProceedsFromInvestments |
| Due from related parties | (209,745)us-gaap_IncreaseDecreaseInDueFromRelatedParties | (75,255)us-gaap_IncreaseDecreaseInDueFromRelatedParties |
| Net cash used in investing activities | (2,437,462)us-gaap_NetCashProvidedByUsedInInvestingActivities | (1,683,220)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities: | ||
| Cash overdraft | 362,000us-gaap_ProceedsFromRepaymentsOfBankOverdrafts | 152,620us-gaap_ProceedsFromRepaymentsOfBankOverdrafts |
| Proceeds from line of credit | 0us-gaap_ProceedsFromLinesOfCredit | 1,900,278us-gaap_ProceedsFromLinesOfCredit |
| Repayment of line of credit | (373,750)us-gaap_RepaymentsOfLinesOfCredit | (1,863,175)us-gaap_RepaymentsOfLinesOfCredit |
| Repayment of notes payable | 0us-gaap_RepaymentsOfNotesPayable | (5,000)us-gaap_RepaymentsOfNotesPayable |
| Distributions to members | (67,865)ccac_PaymentsForDistributionsMadeToLimitedLiabilityCompanyLLCMembers | (97,658)ccac_PaymentsForDistributionsMadeToLimitedLiabilityCompanyLLCMembers |
| Net cash provided by financing activities | (79,615)us-gaap_NetCashProvidedByUsedInFinancingActivities | 87,065us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash | (136,649)us-gaap_EffectOfExchangeRateOnCash | 20,421us-gaap_EffectOfExchangeRateOnCash |
| Net (decrease) increase in cash | (3,384,210)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (2,441,399)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 7,905,004us-gaap_CashAndCashEquivalentsAtCarryingValue | 11,681,086us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | 4,520,794us-gaap_CashAndCashEquivalentsAtCarryingValue | 9,239,687us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosure of cash flow data: | ||
| Interest paid | 68,088us-gaap_InterestPaid | 50,985us-gaap_InterestPaid |
| Income taxes paid | $ 447,904us-gaap_IncomeTaxesPaid | $ 133,717us-gaap_IncomeTaxesPaid |
| X | ||||||||||
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- Definition
Cash distributions paid to unit-holders of limited liability company (LLC). No definition available.
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of effect of exchange rate changes on cash balances held in foreign currencies. Excludes cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in receivables to be collected from other entities that could exert significant influence over the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in security deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from the excess drawing from an existing cash balance, which will be honored by the bank but reflected as a loan to the drawer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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