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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (2,169,734) $ (2,910,634)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 453,039 494,453
Amortization of intangibles 4,648,451 4,553,486
Amortization of debt issuance costs and discounts 549,116 583,589
Provision for doubtful accounts 573,813 570,359
Stock-based compensation 719,737 660,750
Changes in operating assets and liabilities:    
Accounts receivable (4,888,301) (155,818)
Prepaid expenses and other current assets (432,832) (843,078)
Security deposits and other assets 218,199 220,666
Accounts payable and accrued liabilities 187,253 4,426,971
Other liabilities (703,188) (1,282,948)
Net cash provided by (used in) operating activities (844,447) 6,317,796
Cash flows from investing activities:    
Purchase of property and equipment (4,159,276) (165,353)
Purchase of intangible assets (688,019) (669,867)
Net cash used in investing activities (4,847,295) (835,220)
Cash flows from financing activities:    
Proceeds from credit facilities 53,759,218 40,145,428
Repayments of credit facilities (49,712,728) (46,904,436)
Proceeds from long-term debt 2,517,080  
Repayments of long-term debt (579,425) (5,529,920)
Proceeds from stock option exercises 614,753 115,398
Proceeds from shares issued for Employee Stock Purchase Plan 149,445 107,002
Debt issuance costs (423,070)  
Net cash provided (used in) by financing activities 6,325,273 (12,066,528)
Net increase (decrease) in cash and cash equivalents 633,531 (6,583,952)
Cash and cash equivalents at beginning of period 324,014 9,563,709
Cash and cash equivalents at end of period 957,545 2,979,757
Supplemental cash flow information:    
Cash paid for interest 4,553,763 4,401,300
Cash paid for income taxes, net $ 200,000 $ 285,996