XML 138 R123.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net loss $ (31,674,084) $ (18,468,776)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,446,670 3,343,802
Amortization of operating ROU assets 1,885,456  
Stock based compensation 122,032 392,566
Changes in assets and liabilities:    
Accounts receivable (including amounts with related parties) (7,860,356) 1,933,814
Prepaid expenses and other current assets (226,423) (255,325)
Other assets 363,156 (142,251)
Accounts payable 3,832,398 (443,221)
Accrued expenses and other current liabilities 6,782,108 735,379
Deferred revenue 631,513 (2,889,187)
Operating lease liabilities (3,607,302)  
Deferred rent   194,852
Other long-term liabilities (170,677)  
Net cash used in operating activities (25,475,509) (15,598,347)
Investing activities    
Capitalized software development costs (5,814,284) (4,429,289)
Purchases of fixed assets (352,009) (16,664)
Proceeds from receipt of related party advances   454,200
Net cash used in investing activities (6,166,293) (3,991,753)
Financing activities    
Proceeds from Series D-1 financing, net of issuance costs 39,860,073 34,728,457
Repurchase of common stock (3,675,000)  
Cash received from stock option exercises 131,802 39,863
Net cash provided by financing activities (36,316,875) (34,768,320)
Net Change in Cash 4,675,073 15,178,220
Cash - Beginning 28,808,017 13,629,797
Cash - Ending 33,483,090 $ 28,808,017
Supplemental disclosures of non-cash activities    
Net change in accounts payable and accrued expenses and other current liabilities related to capitalized software and fixed asset additions $ 374,935