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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows Used in Operating Activities    
Net loss $ (70,130,000) $ (29,214,000)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,344,000 826,000
Amortization of intangible assets 5,107,000 2,545,000
Amortization of right of use asset 677,000 490,000
Stock based compensation 10,879,000 1,194,000
Earnout payment expense 6,524,000 0
Loss on exchange of debt for equity 30,000 210,000
Amortization of debt discount 224,000 2,594,000
Accrued interest income, related party (1,627,000) (32,000)
Provision for doubtful accounts 121,000 956,000
Unrealized gain/loss on note (92,000) 0
Provision for inventory obsolescense 300,000 138,000
(Recovery) provision for valuation allowance for held for sale loan (7,345,000) 2,370,000
Provision for valuation allowance for related party receivable 0 648,000
Gain on settlement of related party promissory note (49,817,000) 0
Deferred income tax (2,593,000) (87,000)
Unrealized loss on equity securities 57,067,000 0
Impairment of goodwill 14,789,000 0
Loss on disposal of property and equipment 24,000 0
Other 235,000 (6,000)
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (313,000) (964,000)
Inventory (112,000) (117,000)
Prepaid expenses and other current assets (4,006,000) (563,000)
Other assets 199,000 (248,000)
Accounts payable 391,000 (1,815,000)
Accrued liabilities 490,000 269,000
Income tax liabilities 16,000 0
Deferred revenue 817,000 242,000
Operating lease obligation (658,000) (490,000)
Other liabilities 328,000 453,000
Net Cash Used in Operating Activities (37,131,000) (20,601,000)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (346,000) (972,000)
Investment in capitalized software (1,019,000) (862,000)
Purchases of short term investments (2,000,000) (7,998,000)
Sale of short term investments 2,000,000 0
Purchases of treasury bills (63,362,000) 0
Sales of treasury bills 28,000,000 0
Investment in Systat licensing agreement (900,000) (2,200,000)
Purchase of intangible assets (4,000) 0
Acquisition of the Ten Degrees 0 (1,500,000)
Acquisition of Nanotron 0 (7,786,000)
Acquisition of Intranav (1,023,000) 0
Acquisition of Game Your Game 184,000 0
Acquisition of CXApp (14,977,000) 0
Acquisition of Visualix (61,000) 0
Investment in long term investment 0 (2,500,000)
Cash acquired in the Nanotron acquisition 0 311,000
Net Cash Used in Investing Activities (53,508,000) (23,507,000)
Cash From Financing Activities    
Net repayments to bank facility 0 (150,000)
Net proceeds from issuance of preferred stock and warrants 50,585,000 0
Net proceeds from issuance of common stock and warrants 77,852,000 55,352,000
Taxes paid related to net share settlement of restricted stock units (1,855,000) 0
Net repayments of notes payable 0 (74,000)
Loans to related party (117,000) (2,569,000)
Repayments from related party 0 200,000
Net proceeds from promissory notes 0 5,000,000
Repayment of CXApp acquisition liability (461,000) 0
Repayment of acquisition liability to Nanotron shareholders (467,000) 0
Repayment of acquisition liability to Locality shareholders (500,000) (500,000)
Net Cash Provided By Financing Activities 125,037,000 57,259,000
Effect of Foreign Exchange Rate on Changes on Cash 86,000 (4,000)
Net Increase in Cash and Cash Equivalents 34,484,000 13,147,000
Cash and Cash Equivalents - Beginning of year 17,996,000 4,849,000
Cash and Cash Equivalents - End of year 52,480,000 17,996,000
Cash paid for:    
Interest 3,000 4,000
Income Taxes 2,389,000 0
Non-cash investing and financing activities    
Common shares issued for extinguishment of liability 0 200,000
Common shares issued for extinguishment of debt 2,500,000 9,936,000
Right of use asset obtained in exchange for lease liability 401,000 557,000
Settlement of Sysorex Note 7,462,000 0
Investment in equity securities 58,905,000 0
Common shares issued for Ten Degrees acquisition 0 600,000
Common shares issued for CXApp acquisition 10,000,000 0
Common shares issued for Game Your Game acquisition 1,403,000 0
Common shares issued for Visualix asset acquisition 429,000 0
Preferred shares converted into common shares $ 9,500,000 $ 0