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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:    
Net loss $ (18,802,000) $ (6,518,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 780,000 231,000
Bad debt expense 27,000 0
Stock-based compensation 1,260,000 322,000
Noncash lease costs 243,000 294,000
Loss on abandoned real estate operating lease 0 1,092,000
Gain on extinguishment of debt (635,000) 0
Gain on modification of lease (17,000) 0
Changes in operating assets and liabilities:    
Accounts receivable 172,000 333,000
Prepaid expenses and other assets 7,000 (258,000)
Accounts payable and accrued expenses 25,000 (334,000)
Deferred revenue 383,000 (339,000)
Net cash used in operating activities (16,557,000) (5,177,000)
Investing Activities:    
Purchases of property and equipment (1,064,000) (320,000)
Proceeds from sale of equipment 1,000 0
Purchases of intangible assets – domain name (85,000) 0
Net cash used in investing activities (1,148,000) (320,000)
Financing Activities:    
Proceeds from PPP loan payable 0 629,000
Payments of dividends 0 (99,000)
Principal payments on financing lease equipment (699,000) (43,000)
Proceeds from public stock offering, net of fees 5,556,000 18,171,000
Proceeds from stock options exercised 244,000 209,000
Net cash provided by financing activities 5,101,000 18,867,000
Net increase (decrease) in cash and cash equivalents (12,604,000) 13,370,000
Cash and cash equivalents at beginning of period 16,704,000 3,334,000
Cash and cash equivalents at end of period 4,100,000 16,704,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW ACTIVITIES:    
Cash paid for interest 20,000 2,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Preferred stock dividends accrued 0 79,000
Conversion of preferred stock to common stock 0 1,843,000
Assets acquired under a Right of Use (“ROU”) operating lease 489,000 824,000
Assets acquired under a ROU finance lease $ 1,995,000 $ 0