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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,029,362) $ (2,396,147)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 10,981 1,418
Amortization expense 703,118 469,699
Finance fee 386,000 1,281,176
Change in allowance for doubtful accounts 137,676 0
Gain on cancellation of liabilities 0 (331,404)
Stock compensation expense 528,257 187,741
Non-cash interest expense 82,804 26,858
Changes in operating assets and liabilities:    
Accounts receivable (210,502) (107,443)
Prepaid expenses and other current assets (87,673) (111,916)
Right of use asset, net of lease liability 22,833 (17,448)
Accounts payable and accrued expenses 15,946 (11,174)
Deferred revenue (20,419) (23,479)
NET CASH USED IN OPERATING ACTIVITIES (1,434,944) (1,032,119)
INVESTING ACTIVITIES    
Cash portion of consideration paid to acquire Advantech/BCS 0 (1,850,022)
Purchase of capital assets 0 (4,228)
Additions to capitalized software (129,898) (108,752)
NET CASH USED IN INVESTING ACTIVITIES (129,898) (1,963,002)
FINANCING ACTIVITES    
Net proceeds from debt 2,420,000 1,795,881
Payments on debt (1,112,591) (875,887)
Proceeds from issuance of common stock 350,000 2,920,813
Purchase of common stock warrants (22,500) 0
Conversion of accounts payable into common stock 0 (7,266)
Stock issued for conversion of convertible debt 22,387  
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,657,296 3,833,541
NET CHANGE IN CASH 92,454 838,420
CASH AT BEGINNING OF THE PERIOD 71,807 7,619
CASH AT END OF THE PERIOD 164,261 846,039
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 301,644 233,465
Stock issued for acquisitions 0 500,250
Stock issued for conversion of accounts payable $ 0 $ (7,266)

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