v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
OPERATING ACTIVITIES          
Net loss $ (2,848,717) $ (983,637) $ (6,733,550) $ (4,109,956) $ (4,100,000)
Adjustments to reconcile net loss to net cash used in operating activities:          
Loss on Settelment of Debt - related party     2,421 0  
Bad debt expense     45,685 72,773  
Stock-based compensation     994,384 751,878  
Loss on Disposal of Fixed Assets     0 880  
Impairment of intangible asset 238,143 0 238,143 8,286  
Gain on Forgiveness of Debt     0 (891,103)  
Depreciation and amortization expense     353,050 448,062  
Amortization of Debt Discount     83,334 9,833  
Increase (decrease) in cash resulting from changes in:          
Accounts receivable     (337,347) (1,402,518)  
Other current assets     (17,148) 99,614  
Operating lease assets/liabilities     (15,029) 76,414  
Contracts receivable, long-term     0 707,928  
Other assets     0 4,475  
Accounts payable     (187,280) 1,368,027  
Accrued interest     432,959 69,330  
Accrued and deferred personnel compensation     (195,975) 258,916  
Right to Use Lease     (415,767)  
Other liabilities - non-current     0 0  
Other liabilities - current     133,167 (135,273)  
Deferred revenue and customer deposits     236,827 (111,310)  
Net cash used in operating activities     (4,966,359) (3,189,511) (3,200,000)
INVESTING ACTIVITIES          
Purchases of equipment     (18,712) (78,217)  
Capitalized software development costs     (12,030) (310,546)  
Net cash used in investing activities     (30,742) (388,763)  
FINANCING ACTIVITIES          
Payments on notes payable     (29,145) (490,174)  
Payments on related party notes payable     0 (80,000)  
Proceeds from related party debt     800,000 1,456,250  
Proceeds from conversion of common stock warrants     2,550,552 0  
Proceeds from PIPE funding     2,050,000 0  
Net cash provided by (used in) financing activities     5,371,407 886,076  
Effect of foreign currency translation on cash flow     (92,985) (21,726)  
Net Change in cash     281,321 (2,713,924)  
Cash at beginning of period     735,424 3,282,820 3,282,820
Cash at end of period $ 1,016,745 $ 568,896 1,016,745 568,896 $ 735,424
Non cash investing and financing analysis:          
Interest Paid     0 66,237  
Fair Value of Options issued with related party debt     73,469 0  
Refinancing of debt-related party     0 543,750  
Fixed Asset Contribution by Lessor     0 110,000  
Initial ROU and asset and lease liability     0 1,458,527  
Debt Discount on related party debt     0 124,388  
Conversion of Related Party Debt into Common Stock [Member]          
Non cash investing and financing analysis:          
Shares issued for settlement of debt - related party     $ 161,750 $ 0  

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