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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net (loss) $ (2,086,244) $ (820,920)
Adjustments to reconcile net (loss) to net cash (used) by operating activities:    
Depreciation 415,939 374,249
Amortization 500,001 81,569
Provision for loss on note receivable 72,500 0
Stock based compensation 672,855 425,679
Issuance of stock to consultant for services 7,911 15,400
Changes in current assets and current liabilities:    
Accounts receivable 30,280 25,647
Prepaid expenses and other (65,661) (86,710)
Other assets (144,722) (22,567)
Accounts payable and accrued expenses (167,581) 20,731
Merchant reserves (195,163) (851,121)
Deferred revenue 50,000 0
Deferred rent 27,416 0
Net cash (used) by operating activities (882,469) (838,043)
Investing activities:    
Purchases of property and equipment (431,815) (298,426)
Notes receivable 0 (500,000)
Net cash (used) by investing activities (431,815) (798,426)
Financing activities:    
Purchases of treasury stock (959,076) (108,939)
Net cash (used) by financing activities (959,076) (108,939)
Change in cash, cash equivalents and merchant reserves (2,273,360) (1,745,408)
Cash, cash equivalents and merchant reserves, beginning of period 19,778,022 19,924,379
Cash, cash equivalents and merchant reserves, end of period 17,504,662 18,178,971
Supplemental disclosure of cash flow information:    
Interest 0 0
Income taxes $ 49,000 $ 21,677