XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (142,800) $ (3,265,850)
Adjustments to reconcile net loss to net cash used for operating activities:    
Adjustment to fair market value of digital assets 0 (106,159)
Depreciation 22,955 26,557
Amortization 137,397 177,629
Deferred tax benefit, divestiture 0 (18,782)
Stock-based compensation 285,132 354,189
Value of stock issued or to be issued for payment of services 90,002 75,006
Changes in operating assets and liabilities:    
Accounts receivable 3,512,710 213,681
Prepaid expenses and other current assets 468,112 (243,987)
Accounts payable (619,111) (347,852)
Accrued expenses (652,859) (148,183)
Contract liabilities (1,093,406) (58,121)
Net cash provided by (used in) operating activities 2,008,132 (3,341,872)
Cash flows from investing activities:    
Proceeds from investment maturities 4,869,158 5,059,647
Purchase of property and equipment (4,034) (14,846)
Capitalization of software development costs (149,307) (73,678)
Net cash provided by (used in) investing activities 4,715,817 4,971,123
Cash flows from financing activities:    
Purchase of treasury stock (443,808) 0
Payments on shares withheld for statutory taxes (174,996) (37,233)
Net cash provided by (used in) financing activities (618,804) (37,233)
Effect of exchange rate changes on cash (137,265) (3,414)
Net increase in cash and cash equivalents 5,967,880 1,592,018
Cash and cash equivalents, beginning of period 44,644,468 37,446,728
Cash and cash equivalents, end of period 50,612,348 39,035,332
Supplemental cash flow information:    
Interest paid 1,654 2,001
Supplemental non-cash activities:    
Fair Value of common stock issued for services $ 90,002 $ 75,006