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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income for the period $ (3,142,576) $ 226,344
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,282,787 316,502
Noncash lease expense 107,656
Increase in bad debt reserve 80,000
Loss on disposal of assets 2,401
Stock-based compensation 2,260,298 2,520,845
Income tax benefit (897,960)  
Change in fair value of contingent consideration 635,000
Changes in:    
Accounts receivable (628,830) (2,789,252)
Prepaid expenses and other assets (343,838) (319,754)
Accounts payable (46,249) (83,319)
Revenue share payable (290,178) 730,810
Accrued expenses and other (432,075) 226,535
Change in operating lease liabilities (106,564)
Deferred revenue (30,611) (38,557)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (1,660,796) 792,555
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (87,717) (34,362)
Acquisition of intangible assets (1,500,000) (56,651)
Cash paid in acquisition, net of cash acquired (8,994,369) (5,595,820)
NET CASH USED IN INVESTING ACTIVITIES (10,582,086) (5,686,833)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of offering costs 21,303,826 8,164,475
Proceeds from exercise of stock options 877,702 521,264
NET CASH PROVIDED BY FINANCING ACTIVITIES 22,181,528 8,685,739
NET INCREASE IN CASH AND CASH EQUIVALENTS 9,938,646 3,791,461
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 8,914,034 5,122,573
CASH AND CASH EQUIVALENTS – END OF PERIOD 18,852,680 8,914,034
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Exercise of stock warrants 1,286,424
Issuance of shares for restricted stock awards in 2019 for awards expensed in 2018 130
Lease liabilities arising from right of use assets 207,559
Common stock issued for debt 447,000
Shares issued in connection with acquisitions 5,107,793 500,000
Non-cash effect of cumulative adjustments to accumulated deficit $ 3,229 $ 142,027