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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (12,187,830) $ (2,844,230)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 7,897 31,472
Amortization of debt discount 52,662 68,392
Non-cash lease expense 104,463 127,708
Stock based compensation 2,079,159 745,620
Change in assets and liabilities:    
Accounts receivable 8,873,974 3,301,954
Prepaid and other current assets (953,736) 553,802
Accounts payable and accrued expenses 2,074,567 613,873
Accrued salaries and wages 454,910 (332,875)
Lease liabilities (98,812) (129,196)
Royalty payable (2,493,892) (928,583)
Deferred revenue (16,618) 504,559
Net cash (used in) provided by operating activities (2,103,256) 1,712,496
Cash flows from investing activities    
Maturity (purchase) of marketable securities 12,514,661  
Maturity (purchase) of marketable securities   (15,108,782)
Net cash (used in) provided by investing activities 12,514,661 (15,108,782)
Cash flows provided by financing activities    
Proceeds from stock option exercises 91,634 579,619
Return of profit 5,824 0
Net cash provided by financing activities 97,458 579,619
Effect of foreign currency translation on cash (37,366) 14,894
Net increase (decrease) in cash and cash equivalents 10,471,497 (12,801,773)
Cash and cash equivalents, beginning of period 37,853,947 48,251,336
Cash and cash equivalents, end of period 48,325,444 35,449,563
Interest paid during the period 414,963 114,521
Supplemental disclosure of non-cash finance transactions    
Common stock issued for debt conversion 2,571,200 0
Debt issuance cost associated with debt conversion 109,399 0
Issuance of restricted stock $ 32 $ 6