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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (14,692,989) $ 915,577
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income tax benefit (3,176,568) (20,150)
Depreciation expense 813,624 767,856
Goodwill impairment charge 16,277,000 0
(Recovery) provision for doubtful accounts 244 (24,544)
Amortization of intangibles 958,369 373,089
Share-based compensation expense 384,267 662,132
Warrants expense 108,000 0
Change in fair value of contingent consideration (960,000) 0
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables 2,804,675 30,807,310
Inventories 47,618 (207,823)
Other current assets 209,399 (1,755,636)
Other assets 27,966 27,161
Accounts payable and accrued expenses 1,080,368 (30,169,455)
Income tax payable 7,600 272,523
Deferred revenue and other liabilities (314,226) 1,566,000
Other liabilities (358,000) 246,037
Net cash provided by operating activities 3,217,347 3,460,077
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (239,233) (163,031)
Capitalized hardware and software development costs (2,823,887) (1,776,382)
Net cash used in investing activities (3,063,120) (1,939,413)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit (4,455,523) 0
Repayments of bank line of credit advances (4,455,523) 0
Principal repayments under finance lease obligations (446,691) (428,415)
Withholding taxes paid on behalf of employees on net settled restricted stock awards (49,224) (140,865)
Common stock repurchased (818,211) 0
Issuance of common stock/At-the-market offering, net of issuance costs 0 1,071,045
Proceeds from exercise of stock options 0 179,273
Net cash (used in) provided by financing activities (1,314,126) 681,038
Net effect of exchange rate on cash and equivalents (258,761) (96,110)
NET (DECREASE) INCREASE IN CASH (1,418,660) 2,105,592
CASH AND CASH EQUIVALENTS, beginning of period 6,479,980 15,996,749
CASH AND CASH EQUIVALENTS, end of period 5,061,320 18,102,341
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 141,924 207,613
Cash paid for income taxes 27,559 186,063
NONCASH INVESTING AND FINANCING ACTIVITIES    
Capitalized hardware and software development costs in accounts payable 90,854 75,558
Leased assets and lease liabilities terminated $ 876,281 $ 0