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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net (loss) $ (2,899,410) $ (1,710,945)
Adjustments to reconcile net (loss) to net cash (used) by operating activities:    
Depreciation 639,164 564,920
Amortization 750,000 205,687
Provision for loss on note receivable 72,500 0
Bad debt expense 0 71,667
Stock based compensation 961,893 655,885
Issuance of stock to consultant for services 7,911 15,400
Changes in current assets and current liabilities:    
Accounts receivable (177,808) 30,733
Prepaid expenses and other (2,385) (84,783)
Other assets (146,194) 64,440
Accounts payable and accrued expenses 162,215 220,100
Merchant reserves (1,374,906) (894,741)
Deferred revenue 35,000 0
Deferred rent 58,457 0
Net cash (used) by operating activities (1,913,563) (861,637)
Investing activities:    
Purchases of property and equipment (584,198) (344,611)
Purchase of Singular Payments, LLC 0 (900,000)
Notes receivable 5,000 (600,000)
Net cash (used) by investing activities (579,198) (1,844,611)
Financing activities:    
Purchases of treasury stock (966,383) (109,382)
Net cash (used) by financing activities (966,383) (109,382)
Change in cash, cash equivalents and merchant reserves (3,459,144) (2,815,630)
Cash, cash equivalents and merchant reserves, beginning of period 19,778,022 19,924,379
Cash, cash equivalents and merchant reserves, end of period 16,318,878 17,108,749
Supplemental disclosure of cash flow information:    
Interest 0 0
Income taxes 49,000 21,677
Non-cash transactions:    
Issuance of common stock in exchange for purchase of Singular Payments, LLC 0 3,500,000
Forgiveness of note receivable in exchange for purchase of Singular Payments, LLC 0 600,000
Issuance of deferred compensation to Vaden Landers $ 0 $ 630,000