v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities    
Net Loss $ (1,542,235) $ (812,914)
Adjustments To Reconcile Net Loss To Net Cash Used In Operating Activities:    
Depreciation Expense 63,814 684
Amortization Expense 391,957 252,013
Stock Compensation Expense 255,697 118,796
Finance Fee 300,000 0
Non-cash Interest Expense 94,589 26,858
Changes In Assets And Liabilities:    
Accounts Receivable (86,654) (50,486)
Prepaid Expenses And Other Current Assets (78,100) (28,469)
Right Of Use Asset, Net Of Lease Liability (62,940) (10,356)
Accounts Payable And Accrued Expenses (398,477) (220,677)
Deferred Revenue 12,955 9,382
Net Cash Used In Operating Activities (1,049,394) (715,169)
Investing Activities    
Additions To Capitalized Software (63,296) (48,682)
Net Cash Used In Investing Activities (63,296) (48,682)
Financing Activites    
Net Proceeds From Debt 2,000,000 0
Payments On Debt (499,042) (489,641)
Proceeds From Issuance Of Common Stock 350,000 1,417,313
Conversion Of Accounts Payable Into Common Stock   22,734
Net Cash Provided By Financing Activities 1,850,958 950,406
Net Change In Cash 738,268 186,555
Cash And Cash Equivalents At Beginning Of The Period 71,807 7,619
Cash And Cash Equivalents At End Of The Period 810,075 194,174
Supplemental Disclosure Of Cash Flow Information:    
Cash Paid During The Period For Interest 32,909 140,939
Stock Issued For Conversion Of Accounts Payable $ 0 $ 481,923

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