XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss $ (7,197,936) $ (13,274,949) $ (14,416,081) $ (11,872,886) $ (33,445,845) $ (43,317,640)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Amortization of debt discount         2,090,236  
Amortization of capitalized software         1,746,899 177,926  
Amortization of intangibles 325,495   617   666,782 340,457  
Accretion of consideration payable         172,741  
Depreciation of fixed assets         117,008 2,865  
Gain on debt forgiveness     (63,400) (184,914)  
Change in fair value of contingent consideration 248,000     (2,487,000)  
Goodwill impairment charge     2,735,000  
Operating lease payments         463,198 73,767  
Stock issued for legal settlement         816,000  
Stock compensation expense         11,850,000 7,983,891  
Changes in Assets and Liabilities              
Accounts receivable         (1,558,063) (969,053)  
Product deposit         95,505 (95,183)  
Inventory         (2,052,363) (322,836)  
Other current assets         (21,386) (534,479)  
Change in operating lease liability         (378,095) (68,085)  
Deferred revenue         853,272 519,101  
Accounts payable         1,827,103 (1,150,858)  
Accrued expenses         (2,303,466) 8,195,255  
Net cash used in operating activities         (20,966,110) (27,259,550)  
CASH FLOWS FROM INVESTING ACTIVITIES              
Cash paid for capitalized software costs         (6,742,946) (1,731,507)  
Purchase of equipment         (378,877) (70,105)  
Purchase of intangible assets         (4,000,500) (22,231)  
Acquisition of business, net of cash acquired         (1,012,395)  
Net cash used in investing activities         (12,134,718) (1,823,843)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Cash proceeds from private placement offering, net         13,495,270  
Proceeds from issuance of debt instruments         15,000,000  
Cash proceeds from sale of common stock under ATM         493,481  
Cash proceeds from exercise of options         90,400 820,750  
Cash proceeds from exercise of warrants         38,500 480,609  
Preferred stock dividends         (2,329,688)  
Adjustment of membership interest in WorkSimpli         12,150  
Contingent consideration payment for ResumeBuild acquisition         (93,750)  
Proceeds from notes payable         963,965  
Repayment of notes payable         (1,494,784)  
Purchase of membership interest of WSS         (300,000)  
Distributions to non-controlling interest     (36,000)   (108,000) (108,000)  
Net cash (used in) provided by financing activities         (2,390,388) 29,351,291  
Net (decrease) increase in cash         (35,491,216) 267,898  
Cash at beginning of period   $ 41,328,039   $ 9,179,075 41,328,039 9,179,075 $ 9,179,075
Cash at end of period $ 5,836,823   $ 9,446,973   5,836,823 9,446,973 $ 41,328,039
Cash paid for interest              
Cash paid during the period for interest         120,062  
Non-cash investing and financing activities              
Cashless exercise of options         297 8,730  
Consideration payable for Cleared acquisition         8,079,367  
Consideration payable for ResumeBuild acquisition         500,000  
Warrants issued for debt instruments         6,270,710  
Principal of Paycheck protection Program loans forgiven         63,400 184,914  
Additional purchase of membership interest in WSS issued in performance options         $ 144,002