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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income (loss) $ (271,482) $ (3,959,882)
Adjustments to reconcile net income (loss) from operations:    
Depreciation and amortization 263,932 181,750
Amortization of deferred financing costs 103,632 368,661
Loss on extinguishment of debt 790,723
Interest on convertible notes 53,725
Stock-based compensation expense 1,096,441 1,391,807
Contingent consideration expense 155,000
Beneficial conversion of Bridge notes 636,075
Impairment of investment 310,000
Gain on disposal of assets 3,468
Inventory write-offs 26,792 72,258
Bad debt expense 28,248 43,849
PPP loan forgiveness (1,032,316)
Changes in operating assets and liabilities (net of acquired amounts):    
Accounts receivable (3,229,513) 658,706
Inventories (94,101) (171,147)
Prepayments and other assets (5,237,138) (784,210)
Accounts payable and accrued expenses 2,672,135 (2,470,559)
Deposits 4,517,732 1,172,186
Net Cash Provided By (Used In) Operating Activities 324,885 (3,028,113)
Cash Flows from Investing Activities    
Business combinations, net of cash acquired (5,551,642)
Purchases of property and equipment (189,528) (122,817)
Net Cash Used In Investing Activities (5,741,170) (122,817)
Cash Flows from Financing Activities    
Proceeds from issuance of Revolving Facility 2,207,432
Proceeds from issuance of Term Loan 2,000,000
Proceeds from Revolving Facility advances 1,069,061
Proceeds from issuance of Common Stock, net of offering costs 58,405,686
Repurchase of Common Stock (6,901,811)
Long-term note payable 1,020,600
Debt financing costs (638,046)
Repayment of debt (5,755,845) (2,743,428)
Net Cash Provided by Financing Activities 45,748,030 2,915,619
Net Increase (Decrease) in Cash 40,331,458 (253,311)
Cash at Beginning of Period 184,469 448,703
Cash at End of Period 40,515,927 213,392
Supplemental Cash Flow Information:    
Interest Paid 222,765 670,165
Supplemental disclosure of non-cash investing and financing activities:    
Debt financing costs booked in equity 676,822
Stock issued for acquisitions 2,000,000 155,000
PPP Loan Forgiveness 1,032,316
Operating lease right of use assets and liabilities extension $ 632,725