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