v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
OPERATING ACTIVITIES      
Net loss $ (1,933,099) $ (1,693,773) $ (8,300,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Bad debt expense (10,705) 11,297  
Stock-based compensation 589,650 228,623  
Intangible asset impairment   8,286  
Goodwill impairment     85,169
Depreciation and amortization expense 124,312 141,591  
Amortization of Debt Discount 24,205    
Increase (decrease) in cash resulting from changes in:      
Accounts receivable 98,004 (1,071,359)  
Other current assets (105,749) (70,901)  
Operating lease assets/liabilities 2,822 16,636  
Contracts receivable, long-term   235,976  
Other assets   (108,652)  
Accounts payable (320,445) 308,399  
Accrued interest 133,125 (15,775)  
Accrued and deferred personnel compensation (203,103) 248,828  
Other liabilities - non-current (9,071) (138,589)  
Other liabilities - current   (36,130)  
Deferred revenue and customer deposits (203,791) 33,584  
Net cash used in operating activities (1,813,845) (1,901,959) 4,500,000
INVESTING ACTIVITIES      
Purchases of equipment   (75,852)  
Capitalized software development costs   (50,588)  
Net cash used in investing activities   (126,440)  
FINANCING ACTIVITIES      
Payments on notes payable (6,354) (141,058)  
Payments on related party notes payable   (80,000)  
Proceeds from conversion of common stock warrants 2,550,553    
Net cash provided by (used in) financing activities 2,544,199 (221,058)  
Effect of foreign currency translation on cash flow (10,631) (6,155)  
Net change in cash 719,723 (2,255,612)  
Cash at beginning of period 735,424 3,282,820 3,282,820
Cash at end of period 1,455,147 1,027,208 $ 735,424
Cash paid during period for:      
Interest   29,541  
Non Cash investing and financing activities:      
Fair Value of Options issued with related party debt $ 6,201    
Fixed Assets Contributed by Lessor   110,000  
Initial ROU asset and lease liability   $ 1,458,527  

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