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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (1,259,821) $ (2,111,658)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 568,042 673,203
Amortization of right of use assets - financing 6,090 18,649
Amortization of right of use assets - operating lease 59,945 56,959
Stock based compensation 304,284 396,312
Derecognition of contingencies and grant 0 (5,000)
Amortization of financing fees 0 833
Impairment and amortization of referral and support services agreement advance 0 75,000
Adjustment to expected losses on accounts receivable 31,624 (1,100,000)
Deferred income tax expense 2,676 0
Change in operating assets and liabilities:    
Accounts receivable 491,707 1,616,597
Prepaid expenses, other current assets and other assets (99,191) 57,245
Accrued expenses and other liabilities 754,973 107,865
Accounts payable (1,165,346) (1,101,313)
Lease liability - operating lease (61,895) (40,284)
Net cash used in operating activities (366,912) (1,355,592)
Investing activities:    
Purchases of equipment and capitalized development costs (451,729) (472,228)
Net cash used in investing activities (451,729) (472,228)
Financing activities:    
Proceeds from at-the-market sales 1,128,838 0
Principal payments on finance lease obligations (6,090) (18,705)
Net taxes paid on restricted stock unit grants exercised (201,359) (161,972)
Net cash provided by/(used in) financing activities 921,389 (180,677)
Net change - cash 102,748 (2,008,497)
Cash and cash equivalent, beginning of year 2,459,245 4,440,454
Cash and cash equivalent, end of period 2,561,993 2,431,957
Supplemental information:    
Interest paid 125,726 36,914
Non-cash investing and financing activities:    
Acquisition of right of use asset for operating lease liability $ 0 $ 335,286