XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:        
Net income (loss) $ 916,729 $ (438,384) $ 1,371,262 $ (8,380,060)
Less: Income from discontinued operations       562,625
Income (loss) from continuing operations     1,371,262 (8,942,685)
Adjustments to reconcile net income (loss) from operations to net cash provided by operating activities:        
Depreciation of property and equipment 48,780 88,860 325,044 349,082
Amortization of intangible assets 46,167 64,084 246,681 256,332
Amortization of operating lease right-of-use assets 16,134 38,529 104,083 178,158
Gain on lease termination     (141,001)  
Loss on disposal of property and equipment     39,238  
Write-off of note receivable     56,042  
Realized loss from the sale of digital tokens   28,427 72,823 (70,995)
Gain on extinguishment of term debt (506,500)   (141,001)  
Stock-based compensation 31,368 89,206 243,197 1,385,118
Common stock issued for consulting services     43,500 29,015
Bad debt expense (3,235)   4,015  
Impairment loss on goodwill       6,760,222
Impairment loss on digital tokens       625,368
Changes in operating assets and liabilities:        
Credit card holdback receivable       83,175
Accounts receivable 24,937 7,885 55,261 196,100
Digital tokens (218,285)   (439,145)  
Digital tokens receivable     (210,000)  
Operating lease liability (16,133) (38,654) (107,674) (101,647)
Digital tokens payable 62,469   123,397  
Prepaid expenses and other current assets 47,524 7,871 (219,263) 113,550
Other assets   56,042 16,897 29,891
Accounts payable, accrued expenses and other current liabilities (318,973) 177,885 (378,285) (2,138,302)
Deferred subscription revenue (34,927) (64,859) 229,228 360,922
Deferred technology service revenue       (3,379,435)
Net cash provided by (used in) continuing operating activities     1,435,300 (4,266,131)
Net cash used in discontinued operating activities       (199,232)
Net cash provided by operating activities 96,055 16,892 1,435,300 (4,465,363)
Cash flows from investing activities:        
Payment for property and equipment, including website development, net       (391,230)
Proceeds from Secured Communications Assets     150,000  
Proceeds from the sale of digital tokens     75,406 130,290
Net cash provided by (used in) continuing investing activities     225,406 (260,940)
Net cash provided by discontinued investing activities       1,600,000
Net cash provided by investing activities 225,406 1,339,060
Cash flows from financing activities:        
Borrowings of term debt     506,500  
Purchase of treasury stock   (7,240) (8,844) (2,015)
Net cash used in financing activities   (7,240) 497,656 (2,015)
Net increase in cash and cash equivalents 96,055 9,652 2,158,362 (3,128,318)
Balance of cash and cash equivalents at beginning of period 5,585,420 3,427,058 3,427,058 6,555,376
Balance of cash and cash equivalents at end of period $ 5,681,475 $ 3,436,710 $ 5,585,420 $ 3,427,058