Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (20,717,000) $ (16,635,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,193,000 2,612,000
Stock-based compensation 2,311,000 1,289,000
Change in fair value of warrant liability (1,183,000) (1,115,000)
Change in fair value of contingent consideration 0 (252,000)
Change in fair value of debt 7,036,000 163,000
Gain on sale of intangible assets 0 (183,000)
Loss on extinguishment of liability – contingent consideration 161,000 336,000
Fair value of noncash legal settlement and other noncash charges 42,000 959,000
Debt issuance costs (554,000) 0
Changes in operating assets and liabilities:    
Accounts receivable 505,000 4,521,000
Prepaid expense and other current assets (258,000) 821,000
Accounts payable and accrued expense (1,818,000) (3,960,000)
Accrued contingent consideration 0 (20,000)
Contract liabilities 516,000 (289,000)
Deferred taxes 14,000 (161,000)
Accrued interest on notes payable 0 130,000
Net cash used in operating activities (10,672,000) (11,462,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment 0 (23,000)
Capitalization of software development costs (207,000) (452,000)
Acquisition of other intangible and other assets (35,000) 0
Net cash provided by (used in) investing activities 916,000 (283,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of preferred stock, net of issuance costs 0 2,393,000
Proceeds from issuance of common stock, net of issuance costs 20,687,000 1,000,000
Proceeds from notes payable, net of debt issuance costs 7,607,000 3,257,000
Payments on notes payable (5,318,000) (396,000)
Proceeds from accounts receivable facility 429,000 1,174,000
Payments on accounts receivable facility (453,000) (1,950,000)
Net cash provided by financing activities 22,836,000 5,446,000
CHANGE IN CASH AND CASH EQUIVALENTS 13,080,000 (6,299,000)
CASH AND CASH EQUIVALENTS – beginning of year 1,310,000 7,609,000
CASH AND CASH EQUIVALENTS – end of year 14,390,000 1,310,000
Cash paid for interest 1,274,000 295,000
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of equity securities in exchange for debt, net 7,396,000 0
Issuance of Super Biz Note in connection with extinguishment of accrued contingent consideration liability 0 1,765,000
Series AAA Junior Preferred Stock [Member]    
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 0 294,000
Settled Litigation [Member]    
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 42,000 1,440,000
YP Exchange Agreement [Member]    
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 600,000 0
Equity Purchase Agreement [Member]    
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 159,000 0
Melon Acquisition [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Contingent consideration payments (116,000) (32,000)
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 8,000 90,000
Superbiz Acquisition [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on extinguishment of liability – contingent consideration 161,000 336,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Contingent consideration payments 0 (38,000)
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 336,000 0
Stock issued in connects with payment of contingent consideration 0 38,000
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 $ 808,000 $ 192,000