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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (655,326) $ (2,024,053)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 172,985 238,163
Amortization of intangibles 2,322,912 2,270,805
Amortization of debt issuance costs and discounts 290,459 291,794
Provision for doubtful accounts 568,675 243,909
Stock-based compensation 356,870 298,431
Changes in operating assets and liabilities:    
Accounts receivable (2,857,071) 2,068,972
Prepaid expenses and other current assets 299,388 (96,682)
Security deposits and other assets 26,288 28,597
Accounts payable and accrued liabilities (1,724,567) 1,122,745
Other liabilities (452,821) (1,465,220)
Net cash provided by (used in) operating activities (1,652,208) 2,977,461
Cash flows from investing activities:    
Purchase of property and equipment (1,922,927) (29,206)
Purchase of intangible assets (340,603) (211,515)
Net cash used in investing activities (2,263,530) (240,721)
Cash flows from financing activities:    
Proceeds from credit facilities 27,547,858 17,076,405
Repayments of credit facilities (23,313,078) (19,344,461)
Repayments of long-term debt (289,713) (289,713)
Proceeds from stock option exercises 327,736 62,548
Debt issuance costs (100,000)  
Net cash provided (used in) by financing activities 4,172,803 (2,495,221)
Net increase in cash and cash equivalents 257,065 241,519
Cash and cash equivalents at beginning of period 324,014 9,563,709
Cash and cash equivalents at end of period 581,079 9,805,228
Supplemental cash flow information:    
Cash paid for interest 2,135,377 2,099,611
Cash paid for income taxes, net 1,400 $ 6,476
Supplemental non-cash investing and financing activities:    
Debt issuance costs $ 306,847