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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,207,127) $ (3,142,576)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,971,083 1,175,131
Noncash lease expense 104,805 107,656
Increase in bad debt reserve 200,000 80,000
Stock-based compensation 3,172,840 2,260,298
Income tax benefit (897,960)
Change in fair value of contingent consideration 140,390 635,000
Changes in:    
Accounts receivable (10,667,680) (628,830)
Prepaid expenses and other assets (3,517,700) (343,838)
Accounts payable 125,255 (46,249)
Revenue share payable 3,351,430 (290,178)
Accrued expenses and other 1,416,884 (432,075)
Change in operating lease liabilities (106,347) (106,564)
Deferred revenue (294,219) (30,611)
NET CASH USED IN OPERATING ACTIVITIES (6,310,386) (1,660,796)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (68,041) (87,717)
Acquisition of intangible assets, including intellectual property rights (11,932) (1,500,000)
Capitalized software development costs (44,752)
Cash paid in acquisition, net of cash acquired (8,994,369)
NET CASH USED IN INVESTING ACTIVITIES (124,725) (10,582,086)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of offering costs 21,303,826
Proceeds from exercise of stock options 2,488,394 877,702
Payment of contingent consideration (4,389,187)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (1,900,793) 22,181,528
NET INCREASE (DECREASE IN) CASH AND CASH EQUIVALENTS (8,335,904) 9,938,646
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 18,852,680 8,914,034
CASH AND CASH EQUIVALENTS – END OF PERIOD 10,516,776 18,852,680
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Lease liabilities arising from right of use assets 207,559
Acquisition liabilities paid in stock 1,657,548
Shares issued in connection with acquisitions 5,107,793
Non-cash effect of cumulative adjustments to accumulated deficit $ 3,229