XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Operating activities          
Net income (loss) - including non-controlling interest $ 7,013,131 $ (1,756,361) $ 17,615,843 $ (3,893,283)  
Adjustments to reconcile net income (loss) to net cash used in operations          
Provision for inventory obsolescence     51,718  
Depreciation and amortization     701,279 664,534  
Amortization of right-of-use assets     32,426 44,747  
Amortization of debt discount/debt issue costs     95,001  
Amortization of internal use software development costs     96,795 27,882  
Stock issued for services     874,284  
Recognition of share based compensation - related party     27,882  
Warrants issued for interest expense     251,362  
(Gain) loss on equity method investment - CenterCom     (95,637) 42,098  
Gain on forgiveness of PPP loan     (524,143)  
(Increase) decrease in          
Accounts receivable     (544,063) (6,217,533)  
Inventory     (3,363,165) (5,184,807)  
Prepaids     (86,355) (131,853)  
Increase (decrease) in          
Installment sale liability - net     (7,097,838)  
Deferred revenue     (125,110) 1,620,260  
Operating lease liability     (29,230) (39,977)  
Net cash provided by (used in) operating activities     8,329,698 (3,951,043)  
Investing activities          
Purchase of property and equipment     (9,611)  
Capitalized internal use software development costs     (281,304)  
Purchase of software     (300,000) $ (300,000)
Acquisition of Torch, Inc.     (800,000)  
Net cash used in investing activities     (281,304) (1,109,611)  
Financing activities          
Proceeds from exercise of common stock warrants     207,240  
Repayments of loans - related party     (1,017,385)  
Proceeds from notes payable     6,700,000  
Repayments on notes payable     (1,531,478)  
Repayments on notes payable - SBA government     (10,976) (30,792)  
Net cash provided (used in) by financing activities     (2,352,599) 6,669,208  
Net increase in cash     5,695,795 1,608,554  
Cash - beginning of period     7,035,654 6,283,496 6,283,496
Cash - end of period $ 12,731,449 $ 7,892,050 12,731,449 7,892,050 $ 7,035,654
Supplemental disclosure of cash flow information          
Cash paid for interest     209,840 195,950  
Cash paid for income tax      
Supplemental disclosure of non-cash investing and financing activities          
Debt issue costs recorded in connection with notes payable     115,404  
Stock issued to acquire software     411,400  
Nonrelated Party [Member]          
Increase (decrease) in          
Accounts payable and accrued expenses - related party     1,048,750 7,074,491  
Related Party [Member]          
Increase (decrease) in          
Accounts payable and accrued expenses - related party     $ (726,163) $ 2,168,460