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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income/(loss) $ 593,483 $ 73,974 $ 2,967,218
Adjustment to reconcile net income/(loss) to net cash provided by/(used in) operating activities      
Change in derivative liabilities (28,416) (393,340)  
Interest expense from derivative instruments 54,518 61,429  
Employee stock compensation 56,526 133,979  
Provision for doubtful accounts (3,387) 29,366 130,346
Depreciation and amortization 141,925 85,327  
Changes in operating assets and liabilities      
Accounts receivable 1,502,206 104,622  
Prepaid expenses 29,547 26,418  
Other current assets (9,271) 15,848  
Other assets (20,977) (339)  
Accounts payable and accrued expenses (1,024,533) (573,305)  
Patent settlement liability (112,500) (127,983)  
Deferred revenue (2,282,127) (167,536)  
Net cash provided by/(used in) operating activities (1,103,006) (731,540)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property and equipment (92,794) (61,554)  
Purchase of Acuity software (552,403) 0  
Net cash (used in) investing activities (645,197) (61,554)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds/(repayments) from revolving line of credit 1,750,000 0  
Net cash provided by/(used in) financing activities 1,750,000 0  
Effect of exchange rate changes on fixed and intangible assets (3,898) (2,594)  
Effect of exchange rate changes on cash and cash equivalents 1,287 (2,468)  
Net increase/(decrease) in cash and cash equivalents (814) (798,156)  
Cash and cash equivalents at beginning of period 1,176,551 1,439,332 1,439,332
Cash and cash equivalents at end of period 1,175,737 641,176 $ 1,176,551
Supplemental disclosures of cash flow information:      
Income taxes 1,035 1,159  
Interest 254,092 250,161  
Non-cash transactions:      
Common stock issued for the purchase of Acuity software 500,000 0  
Restricted stock issuance/(forfeiture) $ 0 $ (2,834)