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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Total consolidated Income (Loss) $ (9,808,360) $ 39,616
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Depreciation and amortization 2,827,341 1,343,252
Stock-based compensation 343,780 197,943
Change in fair value of warrant liability 901,250 (0)
Gain on modification of earn-out liability (306,077) (0)
Change in deferred tax asset / liability (63,200) 13,926
Loss (Gain) on sale of equipment (27,772) 21,060
Changes in assets and liabilities:    
Accounts receivable 3,143,651 (4,364,197)
Inventory (322,800) (443,780)
Contract assets 2,522,275 (4,247,679)
Prepaid expenses and other current assets 565 (165,383)
Accounts payable (2,006,919) 2,117,101
Accrued expenses 1,355,846 1,471,809
Operating lease payments (874,441) (541,771)
Contract liabilities (269,198) 28,755
Income taxes payable (14,806) (17,413)
Total Adjustments 7,209,495 (4,586,377)
Net Cash (used in) Operating Activities (2,598,865) (4,546,761)
Cash Flows from Investing Activities:    
Purchase of property and equipment (3,754,166) (2,542,757)
Proceeds from sale of property and equipment 102,416 24,362
Purchase of other intangible assets (55,198) (27,378)
Net cash paid for acquisition (301,573) (1,154,902)
Net Cash used in Investing Activities (4,008,521) (3,700,675)
Cash Flows from Financing Activities:    
Payments on finance lease obligation (38,725) (22,569)
Proceeds from exercise of stock options 18,500 133,200
Proceeds from issuance of prefunded warrants 2,575,000 0
Proceeds from issuance of common stock, net 4,662,127 14,516,839
Net Cash Provided by Financing Activities 7,216,902 14,627,470
Loss on Currency Translation 2,871,001 (372,213)
Net Change in Cash, Cash Equivalents and Restricted Cash 3,480,517 6,007,821
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 9,783,932 3,776,111
Cash, Cash Equivalents and Restricted Cash at End of Period 13,264,449 9,783,932
Supplemental Disclosures of Cash Flow Information:    
Interest 103,953 8,810
Income Taxes $ 13,726 $ 17,413