XML 20 R6.htm IDEA: XBRL DOCUMENT v3.21.2
STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,206,000) $ (4,151,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 957,000 639,000
Loss on impairment of long-lived assets 10,000 0
Loss on disposal of property and equipment 12,000 0
Stock-based compensation expense 5,425,000 2,004,000
Amortization of deferred commissions 145,000 162,000
Amortization of debt issuance costs 0 137,000
Amortization of right of use assets 165,000 156,000
Change in fair value of warrant liability 0 (120,000)
Gain on loan forgiveness (1,316,000) 0
Provision for accounts receivable 111,000 109,000
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables 1,187,000 (482,000)
Prepaid expenses and other assets (391,000) (136,000)
Accounts payable and accruals 916,000 615,000
Operating lease liability (170,000) (155,000)
Deferred revenue (316,000) 172,000
Net cash used in operating activities (2,471,000) (1,050,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (7,000) 0
Software development costs (1,213,000) (659,000)
Patent costs (67,000) (141,000)
Net cash used in investing activities (1,287,000) (800,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common stock offering, net of transaction costs 16,534,000 7,824,000
Proceeds from term loan 0 1,302,000
Proceeds from exercise of options and warrants 621,000 1,091,000
Payments related to settlement of employee shared-based awards (475,000) 0
Repayments of finance leases (64,000) (44,000)
Net cash provided by financing activities 16,616,000 10,173,000
Net increase in cash 12,858,000 8,323,000
Cash-beginning of period 9,095,000 1,972,000
Cash-end of period $ 21,953,000 $ 10,295,000