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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 1,146,740 $ (231,667)
Changes in operating assets and liabilities:    
Accounts receivable (3,336,188) (1,316,640)
Prepaid expenses and other current assets (114,960) (264,243)
Security deposits and other assets (860) 13,005
Accounts payable and accrued liabilities 5,036,660 1,000,267
Other liabilities 191,041 2,967
Net cash provided by (used in) operating activities 3,953,811 (17,124)
Depreciation 110,136 50,220
Amortization of intangibles 365,524 297,351
Amortization of debt issuance costs and discounts 211,622 23,475
Provision for doubtful accounts 34,486 30,824
Stock-based compensation 309,610 377,317
Cash flows from investing activities:    
Purchase of property and equipment (115,886) (27,740)
Purchase of intangible assets (42,725) (11,198)
Net cash used in investing activities (158,611) (38,938)
Cash flows from financing activities:    
Proceeds from credit facilities 13,361,685 23,630,642
Repayments of credit facilities (14,036,808) (23,635,775)
Repayments of notes payable (135,543)  
Proceeds from stock option exercises 253,389  
Net cash used in financing activities (557,277) (5,133)
Net increase (decrease) in cash and cash equivalents 3,237,923 (61,195)
Cash and cash equivalents at beginning of period 7,516,260 3,411,108
Cash and cash equivalents at end of period 10,754,183 3,349,913
Supplemental cash flow information:    
Cash paid for interest 353,960 56,482
Cash paid for income taxes $ 4,000 $ 50,233