v3.22.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,916,000) $ (4,625,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,348,000 266,000
Stock-based compensation 1,099,000 411,000
Changes in assets and liabilities:    
Accounts receivable 543,000 (327,000)
Prepaid expenses and other current assets 215,000 86,000
Accounts payable and accrued expenses (1,527,000) (192,000)
Deferred revenue (3,000) 8,000
Deferred taxes   0
Accrued interest on note payable 0 3,000
Net cash used in operating activities (6,287,000) (4,370,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (118,000) (2,000)
Capitalization of software development costs   (192,000)
Acquisition of other intangible assets (47,000) (73,000)
Net cash used in investing activities (462,000) (267,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs 0 33,399,000
Proceeds from common stock option exercises 0 38,000
Net cash provided by financing activities 0 15,566,000
INCREASE IN CASH (6,749,000) 28,800,000
Cash and Cash Equivalents - beginning of period 14,533,000 7,942,000
Cash and Cash Equivalents - end of period $ 7,784,000 $ 36,742,000

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