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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income / (loss) $ (2,416) $ (511)
Adjustment to reconcile net income / (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 1,555 422
Income from PPP (1,069)
Common stock issued for services 350 599
Warrant fair valuation expenses 55
Stock compensation expenses 32 28
Increase / (decrease) in:    
Accounts receivable 3,125 (432)
Other current assets (305) (299)
Contract Asset / Unbilled Revenue (1,318)
Due from related party (534) (381)
Accounts payable and accrued expenses (603) (1,909)
Deferred revenue (31)
Other current liabilities 564 291
Payment of lease liability (97)
Net cash provided by / (used in) operating activities 602 (3,486)
Cash flows from investing activities    
(Purchase) / sale of property and equipment (22) (40)
Increase in intangible assets (2,000)
Net cash provided by / (used in) investing activities (2,022) (40)
Cash flows from financing activities    
ESOP Exercised 10
Increase / (decrease) in short term borrowing 1,003
Increase / (decrease) in convertible note 2,604
Increase in paycheck protection program loan 1,069
Net cash provided by / (used in) financing activities 1,013 3,673
Net increase / (decrease) in cash and cash equivalents (407) 147
Cash and cash equivalents    
Cash and cash equivalents at the beginning of the period 1,770 1,403
Cash and cash equivalents at the end of the period 1,363 1,550
Supplementary disclosure of cash flows information    
Interest 74 259
Income taxes $ 22 $ 4