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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 354,679 $ (292,115)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Deferred income taxes 128,469 (263,000)
Depreciation and amortization 78,304 84,563
Amortization of intangibles 120,237 91,973
Amortization of right of use assets 127,933 117,663
Bad debt expense 0 5,574
Share-based compensation 992 3,399
Changes in assets and liabilities:    
Accounts receivable (323,815) (423,476)
Unbilled services (458,691) (271,762)
Prepaid expenses and other current assets (532,229) 72,688
Accounts payable (428,036) (409,953)
Accrued expenses 22,208 (127,360)
Income tax payable 0 173,000
Accrued interest 1,236 187
Deferred revenues 536,185 1,059,617
Operating lease obligations (127,933) (117,663)
Net cash used in operating activities (500,461) (296,665)
Cash flows from investing activities:    
Purchase of property and equipment 0 (47,012)
Escrow accounts receivable 0 575,000
Net cash provided by investing activities 0 527,988
Cash flows from financing activities:    
Payment of cash dividend 0 (2,250,636)
Proceeds from issuance of stock, net of expenses 3,382,352 0
Payment of long-term debt (39,445) (45,937)
Payment of long-term convertible debt (46,725) (68,759)
Payment of finance lease obligations (35,001) (43,209)
Net cash provided by (used in) financing activities 3,261,181 (2,408,541)
Net increase (decrease) in cash 2,760,720 (2,177,218)
Cash, beginning of period 6,595,416 8,658,401
Cash, end of period 9,356,136 6,481,183
Cash paid during period for:    
Interest 9,614 8,487
Income taxes $ 0 $ 25,250