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Condensed Consolidated Statements of Cash Flows
9 Months Ended
Sep. 30, 2020
USD ($)
Operating activities  
Net loss $ (19,349,948)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depreciation and amortization 3,162,424
Amortization of operating ROU assets 1,400,294
Stock based compensation 1,789
Changes in assets and liabilities:  
Accounts receivable (including amounts with related parties) (3,265,235)
Prepaid expenses and other current assets (1,265,844)
Other assets 363,156
Accounts payable 3,163,309
Accrued expenses and other current liabilities 3,158,333
Deferred revenue (976,377)
Operating lease liabilities (3,399,177)
Other long-term liabilities 143,369
Net cash used in operating activities (16,863,907)
Investing activities  
Capitalized software development costs (3,938,788)
Purchases of fixed assets (244,677)
Net cash used in investing activities (4,183,465)
Financing activities  
Proceeds From Series D-1 Financing, Net of Issuance Costs 39,923,805
Cash received from stock option exercises 116,240
Net cash provided by financing activities 40,040,045
Net Change in Cash 18,992,673
Cash - Beginning 28,808,017
Cash - Ending 47,800,690
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 $ (208,363)