XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net Income (Loss) Attributable to Parent $ (3,584,881) $ (9,209,403)
Adjustments to reconcile net loss to net cash used for operating activities:    
Gain (Loss) on Extinguishment of Debt (1,927,220) 0
Depreciation and amortization 98,759 102,495
Amortization of software development costs and other intangible assets 851,147 1,148,364
Impairment of goodwill 0 4,300,000
Gain on disposal of equipment (21,522) (22,423)
Provision for losses on accounts receivable 0 108,381
Stock-based compensation 633,219 356,846
Fair value of stock issued for payment of services 109,784 93,749
Changes in operating assets and liabilities:    
Accounts receivable (1,885,823) 1,507,206
Prepaid expenses and other current assets (1,413,987) (80,038)
Security deposits 0 151,803
Accounts payable (507,598) (919,255)
Accrued expenses 516,238 (121,665)
Contract liabilities 3,479,804 561,921
Right-of-use asset and lease liability, net 0 24,024
Net cash used for operating activities (3,652,080) (1,997,995)
Cash flows from investing activities:    
Purchase of equipment (33,912) (17,290)
Proceeds from sale of equipment 29,824 29,007
Software development costs 0 (266,035)
Net cash used for investing activities (4,088) (254,318)
Cash flows from financing activities:    
Proceeds from sale of securities 46,544,688 25,740,293
Stock issuance costs 1,094,929 680,786
Proceeds from stock purchase plan and option exercise issuances 59,327 2,313
Payments on shares withheld for statutory taxes (437,644) 0
Proceeds from notes payable 0 1,935,195
Payments on finance obligation (8,642) (11,410)
Net cash provided by financing activities 45,062,800 26,985,605
Net increase in cash and cash equivalents 41,406,632 24,733,292
Cash and cash equivalents, beginning of period 33,045,225 5,884,629
Cash and cash equivalents, end of period 74,451,857 30,617,921
Supplemental cash flow information:    
Interest paid 5,610 39,834
Non-cash financing and investing activities:    
Equipment acquired with financing arrangement 0 43,003
Fair value of common stock issued for future services $ 147,329 $ 125,000