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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,714,666) $ (14,692,989)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income tax benefit 0 (3,176,568)
Depreciation expense 794,344 813,624
Goodwill impairment charge 0 16,277,000
Provision for credit losses 39,979 244
Amortization of intangibles 1,533,870 958,369
Share-based compensation expense 535,417 384,267
Warrants expense 0 108,000
Change in fair value of contingent consideration 0 (960,000)
Loss on disposal of fixed assets 3,211 0
Changes in assets and liabilities:    
Accounts receivable and unbilled receivables 1,208,899 2,804,675
Inventories (271,869) 47,618
Other current assets (198,992) 209,399
Other assets 27,161 27,966
Accounts payable and accrued expenses (504,739) 1,080,368
Income tax payable 29,780 7,600
Deferred revenue and other liabilities 1,352,781 (314,226)
Other liabilities 0 (358,000)
Net cash provided by operating activities 1,835,176 3,217,347
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (166,210) (239,233)
Capitalized hardware and software development costs (810,219) (2,823,887)
Proceeds from beneficial interest in sold receivables 469,104 0
Net cash used in investing activities (507,325) (3,063,120)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on bank line of credit 6,493,284 4,455,523
Repayments of bank line of credit advances (6,493,284) (4,455,523)
Principal repayments under finance lease obligations (420,139) (446,691)
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 (423,767) (1,314,126)
Net effect of exchange rate on cash 23,100 (258,761)
NET INCREASE (DECREASE) IN CASH 927,184 (1,418,660)
CASH, beginning of period 7,530,864 6,479,980
CASH, end of period 8,458,048 5,061,320
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 168,083 141,924
Cash paid for income taxes 0 27,559
NONCASH INVESTING AND FINANCING ACTIVITIES    
Capitalized hardware and software development costs in accounts payable 22,198 90,854
Leased assets and lease liabilities terminated $ 0 $ 876,281