XML 17 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net (loss) income $ (660,214) $ 808,530
Adjustments to reconcile net (loss) income from continuing operations to net cash used in operating activities:    
Amortization of intangible assets and depreciation 362,389 578,065
Amortization of operating lease right-of-use assets 168,039 206,687
Depreciation on property and equipment 113,109 105,976
Income tax benefit (27,090) (2,060,065)
Stock-based compensation 23,556 167,629
Credit loss expense (1,911) 3,436
Changes in operating assets and liabilities, net of acquired assets and disposition:    
Accounts receivable (530,779) 1,015,863
Operating lease liability (149,569) (215,265)
Prepaid expense and other current assets (710,844) (784,774)
Other assets 49,901
Accounts payable, accrued expenses and other current liabilities 393,690 2,245,148
Deferred revenue 774,011 (326,447)
Net cash (used in) provided by operating activities (195,712) 1,744,783
Cash flows from investing activities:    
Cash paid for acquisition of fixed assets (70,208)
Cash paid for acquisition of NTS (4,000,000)
Net cash used in investing activities (70,208) (4,000,000)
Cash flows from financing activities:    
Purchase of treasury stock (83,491)
Proceeds from sale of Transferred Assets 1,350,000
Net cash provided by financing activities (83,491) 1,350,000
Net decrease in cash and cash equivalents (349,411) (905,217)
Balance of cash, cash equivalents and restricted cash at beginning of period 8,434,061 10,588,534
Balance of cash, cash equivalents and restricted cash at end of period 8,084,650 9,683,317
Cash and cash equivalents 5,675,238 7,834,708
Cash and cash equivalents (on deposit with related party) 1,363,391 844,139
Cash and cash equivalents - restricted cash (on deposit with related party) 1,046,021 1,004,470
Balance of cash and cash equivalents at end of period 8,084,650 9,683,317
Supplemental non-cash disclosure:    
Operating lease extension, right of use asset 3,221,523
Non-cash portion of consideration for acquisition of NTS (Series A Preferred Stock issuance) $ 8,200,000