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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,793,552) $ (14,152,107)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income tax benefit 0 (3,176,568)
Depreciation expense 532,557 540,361
Goodwill impairment charge 0 16,277,000
(Recovery) provision for credit losses 34,037 (311)
Amortization of intangibles 1,007,555 592,544
Share-based compensation expense 235,570 269,126
Warrants expense 0 108,000
Change in fair value of contingent consideration 0 (967,000)
Loss on disposal of fixed assets 3,211 0
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables (2,158,825) 3,118,288
Inventories (85,066) (134,346)
Other current assets (54,040) 532,882
Other assets 27,161 28,272
Accounts payable and accrued expenses 2,197,714 1,968,727
Income tax payable 25,535 (154,418)
Deferred revenue and other liabilities 1,049,118 (312,606)
Other liabilities 0 (358,000)
Net cash provided by operating activities 1,020,975 4,179,844
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (103,014) (214,096)
Capitalized hardware and software development costs (614,914) (1,936,687)
Proceeds from beneficial interest in sold receivables 143,116 0
Net cash used in investing activities (574,812) (2,150,783)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 6,493,284 0
Repayments of bank line of credit advances (6,493,284) 0
Principal repayments under finance lease obligations (255,436) (297,132)
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 (259,064) (1,164,567)
Net effect of exchange rate on cash 57,150 (152,389)
NET INCREASE IN CASH AND CASH EQUIVALENTS 244,249 712,105
CASH, beginning of period 7,530,864 6,479,980
CASH, end of period 7,775,113 7,192,085
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 115,019 124,854
Cash paid for income taxes 0 27,559
NONCASH INVESTING AND FINANCING ACTIVITIES    
Capitalized hardware and software development costs in accounts payable 77,873 151,995
Leased assets and lease liabilities terminated $ 0 $ 876,281