XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (13,274,949) $ (11,872,886)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization of debt discount 80,051  
Amortization of capitalized software 383,812 24,451  
Amortization of intangibles 114,394 83,903  
Depreciation of fixed assets 32,477  
Gain on forgiveness of debt (184,914)  
Operating lease payments 118,524 24,588  
Stock compensation expense 4,472,781 2,325,775  
Changes in Assets and Liabilities      
Accounts receivable (816,447) (703,022)  
Product deposit (411,737) (483,478)  
Inventory 383,734 (410,123)  
Other current assets (49,799) 50,075  
Change in operating lease liability (45,501) (21,922)  
Deferred revenue 288,675 422,429  
Accounts payable 2,477,466 124,633  
Accrued expenses (1,764,573) 1,433,611  
Net cash used in operating activities (8,091,143) (9,106,829)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for capitalized software costs (2,098,143) (48,860)  
Purchase of equipment (267,151)  
Purchase of intangible assets (4,000,500)  
Acquisition of business, net of cash acquired (1,012,395)  
Net cash used in investing activities (7,378,189) (48,860)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash proceeds from private placement offering, net 13,495,270  
Cash proceeds from exercise of options 24,000  
Cash proceeds from exercise of warrants 38,500  
Preferred stock dividends (776,563)  
Purchase of membership interest of WSS (100,000)  
Distributions to non-controlling interest (36,000) (36,000)  
Net cash (used in) provided by financing activities (774,063) 13,383,270  
Net (decrease) increase in cash (16,243,395) 4,227,581  
Cash at beginning of period 41,328,039 9,179,075 $ 9,179,075
Cash at end of period 25,084,644 13,406,656 $ 41,328,039
Cash paid for interest      
Cash paid during the period for interest 17,271  
Non-cash investing and financing activities      
Cashless exercise of warrants 300  
Cashless exercise of options 255  
Consideration payable for Cleared acquisition 8,079,367  
Consideration payable for ResumeBuild acquisition 500,000  
Principal of Paycheck protection Program loans forgiven 184,914  
Additional purchase of membership interest in WSS issued in performance options $ 144,002