XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (808,655) $ (1,038,703)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation of property and equipment 99,990 130,637
Amortization of intangible assets 421,188 421,188
Stock-based compensation expense 389,215 309,702
Changes in operating assets and liabilities:    
Credit card holdback receivable 15,105 (1,410)
Accounts receivable 34,426 273,382
Other assets 11,613
Prepaid expenses and other current assets 13,070 647,865
Accounts payable, accrued expenses and other current liabilities (571,215) 276,141
Deferred rent 4,775
Deferred subscription revenue (147,768) (80,477)
Net cash (used in) provided by operating activities (543,031) 943,100
Cash flows from investing activities:    
Purchase of property and equipment (79,950) (62,595)
Accrued interest from notes receivables issued to employees (1,993)
Net cash used in investing activities (79,950) (64,588)
Cash flows from financing activities:    
Payments of capital lease obligations (17,144)
Net cash used in financing activities (17,144)
Net (decrease) increase in cash and cash equivalents (622,981) 861,368
Balance of cash and cash equivalents at beginning of period 4,137,050 4,162,596
Balance of cash and cash equivalents at end of period 3,514,069 5,023,964
Supplemental disclosure of cash flow information:    
Cash paid in interest 158
Cash paid in taxes $ 18,304