v3.21.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,625,000) $ (5,134,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 266,000 525,000
Stock-based compensation 411,000 702,000
Changes in assets and liabilities:    
Accounts receivable (327,000) (76,000)
Prepaid expenses and other current assets 86,000 (560,000)
Accounts payable and accrued expenses (192,000) 1,242,000
Deferred revenue 8,000 (87,000)
Accrued interest on note payable 3,000 0
Net cash used in operating activities (4,370,000) (3,388,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (2,000) (4,000)
Capitalization of software development costs (192,000) (240,000)
Acquisition of other intangible assets (73,000) (39,000)
Net cash used in investing activities (267,000) (283,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs (Note 5) 33,399,000 0
Proceeds from common stock option exercises 38,000 0
Net cash provided by financing activities 33,437,000 0
Increase in cash 28,800,000 (3,671,000)
Cash - beginning of period 7,942,000 8,442,000
Cash - end of period $ 36,742,000 $ 4,771,000

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