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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (5,829,029) $ (12,387,976)
Adjustments to reconcile loss from operations:    
Depreciation and amortization 1,596,146 1,010,123
Impairment of goodwill 710,000 0
Amortization of costs to acquire contracts 816,100 804,780
Non-cash stock compensation 1,526,693 1,204,213
Deferred income taxes 359 0
Loss (gain) on disposal of property and equipment 262 (617)
Non-cash interest 0 139,372
Amortization of debt issuance costs and embedded derivative 0 2,903
Gain on embedded derivative 0 (214,350)
Loss on induced conversion 0 2,162,696
Unrealized foreign currency loss 48,069 25,425
Changes in assets and liabilities:    
Accounts receivable 21,989 (204,217)
Unbilled receivables (230,895) (254,987)
Right-of-use assets (3,070,498) 433,980
Other assets (949,881) (837,082)
Income taxes, net 22,941 (2,094)
Accounts payable (978,825) 439,028
Lease liabilities 3,149,459 (377,264)
Other liabilities 340,808 (392,480)
Deferred revenue (21,048) 421,405
Net cash used in operating activities (2,847,350) (8,027,142)
Cash flows from investing activities    
Acquisition of business 0 (4,566,402)
Purchases of property and equipment (401,831) (529,001)
Proceeds from the sale of property and equipment 0 617
Capitalization of software development costs (744,654) (836,047)
Net cash used in investing activities (1,146,485) (5,930,833)
Cash flows used in financing activities:    
Proceeds from line of credit 1,900,000 0
Proceeds from note payable 3,399,500 0
Proceeds from exercise of stock options, net 1,266,695 968,986
Proceeds from issuance of common stock, net 13,942,446 15,587,990
Payments for taxes related to net share settlement of equity awards (40,872) 0
Net cash provided by financing activities 20,467,769 16,556,976
Effect of exchange rate on cash (88,091) (37,918)
Change in cash and cash equivalents 16,385,843 2,561,083
Cash and cash equivalents, beginning of period 11,881,949 9,320,866
Cash and cash equivalents, end of period 28,267,792 11,881,949
Cash paid (received) during the period for    
Interest, net 26,850 0
Income taxes (1,529,266) 11,013
Non-cash activities    
Right-of-use asset obtained for lease liability 3,758,014 5,715,510
Convertible notes liability relieved upon conversion 0 8,484,701
Embedded derivative liability relieved upon conversion $ 0 $ 189,776