XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule Of Revenues |
|  | Three Month Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Recruiters on Demand |  | $ | 4,540,454 |  |  | $ | 3,437,706 |  |  | $ | 13,430,501 |  |  | $ | 6,192,133 |
Consulting and staffing services |  |  | 1,282,513 |  |  |  | 1,665,160 |  |  |  | 3,555,267 |  |  |  | 5,895,264 |
Permanent placement fees |  |  | 141,500 |  |  |  | 403,059 |  |  |  | 759,075 |  |  |  | 631,221 |
Software Subscriptions |  |  | 693,495 |  |  |  | 465,112 |  |  |  | 2,198,232 |  |  |  | 640,902 |
Marketplace Solutions |  |  | 309,680 |  |  |  | 286,845 |  |  |  | 1,005,670 |  |  |  | 443,801 |
Total revenue |  | $ | 6,967,642 |  |  | $ | 6,257,882 |  |  | $ | 20,948,745 |  |  | $ | 13,803,321 |
Expected Deferred Revenue Recognition Schedule |
|  | Total Deferred 9/30/22 |  |  | Recognize in Q4 2022 |  |  | Recognize in 2023 |
Recruiters on Demand |  | $ | 49,372 |  |  | $ | 4,718 |  |  | $ | 44,654 |
Permanent placement |  |  | 185,750 |  |  |  | 185,750 |  |  |  | - |
Software Subscriptions |  |  | 107,296 |  |  |  | 107,296 |  |  |  | - |
Marketplace |  |  | 177,823 |  |  |  | 107,767 |  |  |  | 70,056 |
TOTAL |  | $ | 520,241 |  |  | $ | 405,531 |  |  | $ | 114,710 |
Schedule Of Fair Values Of Financial Assets And Liabilities |
|  | Fair Value at September 30, |  |  | Fair Value Measurement Using |
|  | 2022 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Contingent consideration for acquisitions |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
|  | Fair Value at December 31, |  |  | Fair Value Measurement Using |
|  | 2021 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Contingent consideration for acquisitions |  | $ | 578,591 |  |  | $ | - |  |  | $ | - |  |  | $ | 578,591 |
Schedule Of Derivative Liability Measured At Fair Value On A Recurring Basis |
Beginning balance, December 31, 2020 |  | $ | - |
Acquisitions and Settlements: |  |  |  |
Novo Group Acquisition |  |  | 543,297 |
Re-measurement adjustments: |  |  |  |
Change in fair value of earn-out liability |  |  | 35,294 |
Ending balance, December 31, 2021 |  |  | 578,591 |
Re-measurement adjustments: |  |  |  |
Change in fair value of earn-out liability |  |  | 26,604 |
Gain on debt extinguishment |  |  | (605,195 | )
Ending balance, September 30, 2022 |  | $ | - |
Schedule Fair Value Measurements Schedule |
|  | September 30, 2022 |  | December 31, 2021 |
Fair value |  | - |  | $578,591 |
Valuation technique |  | Discounted cash flow |  | Discounted cash flow |
Significant unobservable input |  | Projected revenue and probability of achievement |  | Projected revenue and probability of achievement |
Schedule Derivative Liability Measured At Fair Value On A Recurring Basis |
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
Balance at December 31 |  | $ | - |  |  | $ | 11,537,997 |
Additions to derivative instruments |  |  | - |  |  |  | 5,960,059 |
Reclassifications to equity upon modification or cancellation of warrants |  |  | - |  |  |  | (10,182,476 | )
(Gain) loss on change in fair value of derivative liability |  |  | - |  |  |  | (7,315,580 | )
Balance at September 30, |  | $ | - |  |  | $ | - |
Schedule Of Anti-dilutive Earnings Per Share |
|  | Three Months |  |  | Nine Months |
|  | Ended |  |  | Ended |
|  | September 30, 2022 |  |  | September 30, 2022 |
Net income (loss) |  | $ | (5,626,365 | ) |  | $ | (810,997,463 | )
Deemed dividend |  |  | (658,266 | ) |  |  | (658,266 | )
Net income (loss), numerator, basic computation |  | $ | (6,284,631 | ) |  | $ | (11,655,729 | )
|  | Three |  |  | Three |  |  | Nine |  |  | Nine |
|  | Months Ended |  |  | Months Ended |  |  | Months Ended |  |  | Months Ended |
|  | September 30, |  |  | September 30, |  |  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Options |  |  | 3,721,712 |  |  |  | 2,362,390 |  |  |  | 3,721,712 |  |  |  | 2,362,390 |
Stock awards |  |  | 152,925 |  |  |  | 234,100 |  |  |  | 152,925 |  |  |  | 234,100 |
Warrants |  |  | 9,127,731 |  |  |  | 6,682,359 |  |  |  | 9,127,731 |  |  |  | 6,682,359 |
Convertible preferred stock |  |  | 430,000 |  |  |  | 1,075,000 |  |  |  | 430,000 |  |  |  | 1,075,000 |
|  |  | 13,432,368 |  |  |  | 10,353,849 |  |  |  | 13,432,368 |  |  |  | 10,353,849 |

X
- References No definition available. + Details
Name: | rcrt_ExpectedDeferredRevenueRecognitionScheduleTableTextBlock
Namespace Prefix: | rcrt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | rcrt_ScheduleDerivativeLiabilityMeasuredAtFairValueOnARecurringBasisTableTextBlock
Namespace Prefix: | rcrt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | rcrt_ScheduleExpectedDeferredRevenueRecognitionTableTextBlock
Namespace Prefix: | rcrt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | rcrt_ScheduleOfAntiDilutiveEarningsPerShareTableTextBlock
Namespace Prefix: | rcrt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | rcrt_ScheduleOfDeferredRevenueTableTextBlock
Namespace Prefix: | rcrt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration