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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net Income (Loss) Attributable to Parent $ (2,104,124) $ (7,954,603)
Gain (Loss) on Extinguishment of Debt (1,927,220) 0
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 65,687 70,207
Amortization of software development costs and other intangible assets 663,766 808,169
Impairment of goodwill 0 4,300,000
Gain on disposal of equipment (7,790) (23,706)
Provision for losses on accounts receivable 0 107,315
Stock-based compensation 404,180 248,278
Fair value of stock issued for payment of services 72,240 62,499
Changes in operating assets and liabilities:    
Accounts receivable (925,744) 2,436,269
Prepaid expenses and other current assets (795,576) (53,972)
Security deposits 0 111,421
Accounts payable (255,419) (1,229,576)
Accrued expenses 193,795 (101,561)
Contract liabilities 1,474,501 (625,502)
Right-of-use asset and lease liability, net 0 24,024
Net cash used for operating activities (3,141,704) (1,820,738)
Cash flows from investing activities:    
Purchase of equipment (29,689) (3,287)
Proceeds from sale of equipment 8,924 27,487
Software development costs 0 (97,129)
Net cash used for investing activities (20,765) (72,929)
Cash flows from financing activities:    
Proceeds from sale of securities 46,544,688 15,361,853
Stock issuance costs 1,080,835 458,032
Proceeds from stock purchase plan and option exercise issuances 48,086 2,313
Payments on shares withheld for statutory taxes (396,962) 0
Net proceeds from line of credit 0 0
Proceeds from Notes Payable 0 1,934,587
Payments on finance obligation (7,857) (11,410)
Net cash provided by financing activities 45,107,120 16,829,311
Net increase in cash and cash equivalents 41,944,651 14,935,644
Cash and cash equivalents, beginning of period 33,045,225 5,884,629
Cash and cash equivalents, end of period 74,989,876 20,820,273
Supplemental cash flow information:    
Interest paid 5,610 36,594
Non-cash financing and investing activities:    
Equipment acquired with financing arrangement 0 43,003
Fair value of common stock issued for future services $ 147,329 $ 125,000