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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (951,479) $ (392,897)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense 267,309 265,185
(Recovery) provision for credit losses 35,858 0
Amortization of intangibles 501,094 286,653
Share-based compensation expense 140,116 179,741
Warrants expense 0 108,000
Change in fair value of contingent consideration 0 (301,000)
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables (2,528,761) 4,413,557
Inventories (17,294) 104,365
Other current assets 15,790 311,218
Other assets 0 1,112
Accounts payable and accrued expenses 113,869 (1,509,330)
Income tax payable 55,703 7,111
Deferred revenue and other liabilities (121,253) (369,633)
Other liabilities 0 (278,655)
Net cash (used in) provided by operating activities (2,489,048) 2,825,427
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (96,721) (203,274)
Capitalized hardware and software development costs (262,549) (780,599)
Net cash used in investing activities (359,270) (983,873)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 4,313,007 0
Repayments of bank line of credit advances (4,313,007) 0
Principal repayments under finance lease obligations (125,568) (147,405)
Withholding taxes paid on behalf of employees on net settled restricted stock awards (3,628) (49,224)
Common stock repurchased 0 (818,211)
Net cash used in financing activities (129,196) (1,014,840)
Net effect of exchange rate on cash 24,613 (38,950)
NET (DECREASE) INCREASE IN CASH (2,952,901) 787,764
CASH, beginning of period 7,530,864 6,479,980
CASH, end of period 4,577,963 7,267,744
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 55,979 63,521
Cash paid for income taxes 0 27,559
NONCASH INVESTING AND FINANCING ACTIVITIES    
Capitalized hardware and software development costs in accounts payable 190,773 213,770
Leased assets and lease liabilities terminated $ 0 $ 876,281