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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net loss $ (7,600,649) $ (7,304,569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,143,168 3,237,930
Amortization of Right of Use Assets 322,746 367,981
Stock based compensation 2,179,254 858,683
Loss on marketable securities 266,762 0
Amortization of financing fees 12,500 11,092
Provision for doubtful accounts 7,487 135,000
Third party rights agreement termination (420,000) 0
Derecognition of contingencies (110,000) 0
PPP loan forgiveness 0 (1,109,000)
Contract cancellation 0 (1,260,978)
Loss on extinguishment of convertible debt 0 65,700
Mark to market fair value of derivative 0 102,664
Amortization of OID interest expense 0 13,167
Amortization of debt discount 0 18,286
Third party rights agreement 0 (78,762)
Change in operating assets and liabilities:    
Accounts receivable (3,045,690) 1,167,175
Referral and support services agreement advance (1,100,000) 0
Prepaid expenses, unbilled revenue and other assets (992,978) (175,702)
Accounts payable 796,456 (2,271,578)
Accrued expenses and other liabilities 1,264,687 623,576
Net cash used in operating activities (5,276,257) (5,599,335)
Investing activities:    
Purchases of equipment and capitalized development costs (1,597,369) (1,185,335)
Purchase of marketable securities (3,143,000) 0
Proceeds from the sale of marketable securities 142,484 0
Net cash used in investing activities (4,597,885) (1,185,335)
Financing activities:    
Proceeds from sale of common stock, net of expenses 13,137,500 16,432,190
Proceeds from PPP and SBA loans 0 1,258,900
Proceeds from ValidClick licensing agreement 0 500,000
SBA loan repayment (149,900) 0
Payments net of proceeds on revolving line of credit 0 (3,381,364)
Payments on finance/capital leases (257,679) (432,830)
Net taxes paid on RSU grants exercised (272,049) (74,550)
Proceeds from exercise of options 1,569 0
Net cash provided by financing activities 12,459,441 14,302,346
Net change – cash 2,585,299 7,517,676
Cash, beginning of year 7,890,665 372,989
Cash, end of year 10,475,964 7,890,665
Supplemental information:    
Interest paid 55,476 207,213
Conversion of Debt and derecognition of derivative and discounts to common stock 0 923,810
Assets purchased under finance lease obligations 125,825 547,303
Assets purchased under operating lease obligations $ 344,311 $ 249,595