XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (119,443) $ (5,382,727)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 398,923 477,016
Common stock and stock option based compensation for employees and board of directors 666,620 973,350
Accrued non cash performance bonus fair value adjustment (388,734)
Acquisition contingent consideration fair value adjustment (2,757,530) 2,603,398
Impairment of intangible assets 892,929
Issuance of common stock to vendors as compensation 26,936
Adjustment to operating lease right-of-use assets and liabilities (80,566)
Changes in operating assets and liabilities:    
Accounts receivable 251,407 357,563
Deferred costs/contract assets 1,834 323,083
Prepaid expenses and other current assets (56,204) (180,212)
Other assets (1,505) 6,135
Accounts payable (29,881) (525,673)
Accrued liabilities (230,124) (77,241)
Deferred revenue/contract liabilities (257,879) (1,653,711)
Net cash used in operating activities (1,683,217) (3,079,019)
Cash flow from investing activities:    
Purchases of equipment (7,030) (83,765)
Acquisitions, net of cash acquired (2,478,756)
Purchase of investments (3,290)
Net cash used in investing activities (7,030) (2,565,811)
Cash flows provided by financing activities:    
Proceeds from exercise of stock options 39,915
Net change in cash, cash equivalents and restricted cash (1,690,247) (5,604,915)
Cash, cash equivalents and restricted cash, beginning of year 5,619,083 18,249,666
Cash, cash equivalents and restricted cash, end of period 3,928,836 12,644,751
Non-cash Investing and Financing activities:    
Common stock subscription receivable 2,984,001
Issuance of common stock for satisfaction of contingent liability 127,145
Issuance of common stock for non cash performance bonus 127,145
Lease liabilities arising from right-of-use assets 113,182 1,155,769
Common stock issued for acquisition 2,846,144
Contingent acquisition consideration liability recorded at closing 6,139,000
Issuance of common stock for satisfaction of contingent liability, net of note extinguishment 318,571
Extinguishment of note receivable for satisfaction of contingent liability $ 250,000