Note 2 - Going Concern

3 Months Ended

Mar. 31, 2021

Substantial Doubt about Going Concern [Text Block]

2.	GOING CONCERN

The Company has historically financed its operations through access to the capital markets by issuing secured and convertible debt securities, convertible preferred stock, common stock, and through factoring receivables. The Company currently requires approximately

$735,000

per month to conduct operations, a monthly amount that it has been unable to consistently achieve through revenue generation. During the

first

quarter of

2021,

the Company generated approximately

$1,889,000

of revenue, which is below its average monthly cash requirements. Additionally, the ongoing threat of COVID-

and its variation,

may

have an impact on future revenue and operations. During

2020,

the Company raised approximately

$24,000,000

from financing activities and at

March 31, 2021

had approximately

$13,500,000

in cash. As of the date of this report, the Company believes it has enough cash for

twelve

fifteen

months of operations.