Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (7,013,000) $ (7,715,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,091,000 1,320,000
Stock-based compensation 759,000 630,000
Change in fair value of warrant liability (861,000) (906,000)
Change in fair value of contingent consideration (91,000) (90,000)
Change in fair value of debt 392,000 0
Gain on sale of Mineville Assets (152,000) (144,000)
Fair value of noncash legal settlement and other noncash charges 0 724,000
Changes in operating assets and liabilities:    
Accounts receivable 773,000 2,801,000
Prepaid expense and other current assets (74,000) 261,000
Accounts payable and accrued expense 103,000 (2,850,000)
Accrued contingent consideration 0 (107,000)
Contract liabilities 986,000 24,000
Accrued interest on note payable 92,000 0
Net cash used in operating activities (3,995,000) (6,052,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capitalization of software development costs (200,000) (284,000)
Other purchases of intangible assets (10,000) 0
Net cash provided by (used in) investing activities 796,000 (284,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of preferred stock, net of issuance costs 0 1,045,000
Proceeds from issuance of common stock, net of issuance costs 1,945,000 0
Proceeds from notes payable, net of debt issuance costs 4,011,000 0
Payments on notes payable (3,518,000) 0
Advances from accounts receivable facility 429,000 672,000
Payments on accounts receivable facility (453,000) (1,273,000)
Net cash provided by financing activities 2,364,000 412,000
NET DECREASE IN CASH (835,000) (5,924,000)
Cash and Cash Equivalents – beginning of period 1,310,000 7,609,000
Cash and Cash Equivalents – end of period 475,000 1,685,000
Cash paid for interest 1,274,000 18,000
Equity Purchase Agreement [Member]    
SUPPLEMENTAL NONCASH, INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 159,000 0
Superbiz Acquisition [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Contingent consideration payments (50,000) 0
SUPPLEMENTAL NONCASH, INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 336,000 0
Melon Acquisition [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Contingent consideration payments 0 (32,000)
SUPPLEMENTAL NONCASH, INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 8,000 0
Mineville [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of other productive assets 350,000 0
Minehut [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of other productive assets $ 656,000 $ 0