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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net loss $ (35,332,865) $ (14,238,249)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:    
Depreciation and amortization 1,230,474 1,282,718
Goodwill impairment charges 15,388,546
Stock-based compensation expense 8,336,855 7,543,223
Change in fair value of acquisition contingencies (1,092,581) (7,899,644)
Non-cash lease expense 47,992 30,430
Realized gain on investments (2,243,059)
(Gain) loss from equity method investment (100,703) 332,969
Loss on disposition of assets 2,578 138,117
Deferred income taxes (2,417,987) (4,810,457)
Provision for credit losses 612,809 2,461,032
Inventory obsolescence expense 3,233,281 148,099
Changes in assets and liabilities:    
Accounts receivable 2,536,988 14,924,427
Prepaid expenses and other assets 1,082,536 (224,094)
Inventory 413,140 (3,673,309)
Deferred revenue 362,449 (150,000)
Income taxes payable (522,098) (2,201,250)
Accounts payable, accrued expenses and other liabilities 1,768,326 (2,483,821)
Net cash (used in) provided by operating activities (22,081,865) 6,568,737
Cash flows from investing activities    
Purchases of property and equipment (1,365,306) (1,427,512)
Proceeds from maturities of marketable investment securities 127,251,619 11,255,266
Purchases of marketable securities (110,497,444) (67,995,926)
Net cash (used in) provided by investing activities 15,388,869 (58,168,172)
Cash flows from financing activities    
Proceeds from exercise of options and warrants 177,870
Repurchases of common stock (1,363,929) (14,211,866)
Net cash (used in) financing activities (1,363,929) (14,033,996)
Net decrease in cash and cash equivalents (8,056,925) (65,633,431)
Cash and cash equivalents at beginning of period 22,973,803 88,607,234
Cash and cash equivalents at end of period 14,916,878 22,973,803
Supplemental disclosure of cash flow information    
Interest paid
Income taxes paid 55,975 4,498,742
Supplemental disclosure of non-cash investing and financing transactions    
Inventory moved to property, plant and equipment 673 218,906
Right-of-use assets obtained in exchange for new operating lease liabilities 3,203,146 681,327
Business acquisition measurement period adjustments 1,593
Fair value of common stock issued as consideration for business acquisitions 480,776
Fair value of contingent common stock issued as consideration for business acquisitions $ 199,359