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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 6,498,479 $ (11,854,088)
Less: Income (loss) from discontinued operations 8,747,278 (1,536,388)
Loss from continuing operations (2,248,799) (10,317,700)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 38,430 15,349
Amortization on right of use asset 5,214 398
Amortization of debt issuance costs 1,333 1,333
Amortization of discount - proceeds from sale of discontinued operations (55,041) 0
Accrued interest on convertible notes 208,456 210,000
Realized and unrealized gain on marketable securities (320,530) (3,399)
Provision for doubtful accounts 0 22,210
Stock-based compensation expense 1,828,233 7,613,978
Change in fair value of warrant liability 5,559 (219,840)
Change in operating assets and liabilities:    
Accounts receivable (1,986,256) (1,864,910)
Contract assets 412,244 (630,922)
Prepaid expenses 409,800 6,435
Changes in lease liabilities during the year (5,214) (398)
Deposits and other assets 11,841 523,814
Accounts payable 33,346 619,192
Accrued expenses (59,788) (227,294)
Deferred revenues 519,395 1,852,302
Net cash used in operating activities - continuing operations (1,201,777) (2,399,452)
Net cash used in operating activities - discontinued operations (26,649) (1,426,426)
Net cash used in operating activities (1,228,426) (3,825,878)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (75,493) (74,527)
Purchase of marketable securities (39,704,579) (12,390,670)
Net cash from sale of discontinued operations 20,890,193 225,575
Sale of marketable securities 18,256,876 12,400,000
Net cash provided by (used in) used in investing activities - continuing operations (633,003) 160,378
Net cash provided by (used in) investing activities - discontinued operations 0 (827,893)
Net cash used in investing activities (633,003) (667,515)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on notes payable and financing arrangements 0 (13,122)
Payment of employee withholding tax related to restricted stock units (94,599) 0
Net cash used in financing activities - continuing operations (94,599) (13,122)
Net cash used in financing activities (94,599) (13,122)
Net change in cash (1,956,028) (4,506,515)
Cash and cash equivalents, beginning of period 2,795,743 17,938,490
Cash and cash equivalents, end of period 839,715 13,431,975
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0