XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of Cash Flows [Abstract]    
Net loss $ (3,692,875) $ (4,165,818)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 112,866 113,429
Amortization of software development costs and other intangible assets 363,280 607,437
(Gain) loss on disposal of equipment (1,400) (3,687)
Provision for losses on accounts receivable 0 39,827
Stock-based compensation 349,632 326,846
Fair value of stock issued for payment of services 62,490 83,462
Decrease in fair value of contingent acquisition costs payable (485,747) (56,000)
Gain on settlement of acquisition costs payable 0 (10,491)
Change in fair value of derivatives, net 11,794 9,038
Changes in operating assets and liabilities, net of effects of business acquired:    
Accounts receivable 825,624 (418,464)
Prepaid expenses and other current assets 64,717 63,067
Accounts payable (229,302) 36,573
Accrued expenses (607,402) 533,123
Contract liabilities 1,265,303 0
Unearned revenue 0 550,514
Deferred rent (22,239) (17,826)
Net cash used for operating activities (1,983,259) (2,308,970)
Cash flows from investing activities: [Abstract]    
Purchase of equipment (141,410) (8,577)
Increase in software development costs (257,654) (85,460)
Security deposits 535 4,937
Net cash used for investing activities (398,529) (89,100)
Cash flows from financing activities: [Abstract]    
Proceeds from line of credit, net of repayments 344,815 0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options 9,035 16,232
Stock issuance costs (700) (3,626)
Net cash provided by financing activities 353,150 12,606
Net decrease in cash and cash equivalents (2,028,638) (2,385,464)
Cash and cash equivalents, beginning of year 3,906,797 5,949,004
Cash and cash equivalents, end of period 1,878,159 3,563,540
Supplemental cash flow information: [Abstract]    
Cash paid during the period for interest 52,756 0
Non-cash financing and investing activities:    
Acquisition costs paid through issuance of common stock 0 938,532
Fair value of common stock issued for future services $ 386,506 $ 0