Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (4,230,000) $ (5,260,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 547,000 700,000
Stock-based compensation 284,000 332,000
Change in fair value of warrant liability (717,000) 761,000
Change in fair value of contingent consideration (59,000) 116,000
Change in fair value of debt 495,000 0
Gain on sale of intangible assets (243,000) (144,000)
Fair value of noncash legal settlement and other noncash charges 0 164,000
Changes in operating assets and liabilities:    
Accounts receivable 1,198,000 2,048,000
Prepaid expense and other current assets (352,000) (48,000)
Accounts payable and accrued expense 107,000 (2,548,000)
Accrued contingent consideration 0 142,000
Contract liabilities 583,000 (6,000)
Accrued interest on note payable 184,000 0
Net cash used in operating activities (2,203,000) (3,743,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of Minehut Assets 383,000 0
Capitalization of software development costs (100,000) (125,000)
Net cash provided by (used in) investing activities 283,000 (125,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs 231,000 0
Proceeds from notes payable, net of debt issuance costs 3,079,000 0
Payments on notes payable (2,075,000) 0
Advances from accounts receivable facility 259,000 371,000
Payments on accounts receivable facility (137,000) (801,000)
Net cash provided by/(used in) financing activities 1,357,000 (430,000)
NET DECREASE IN CASH (563,000) (4,298,000)
Cash and Cash Equivalents – beginning of period 1,310,000 7,609,000
Cash and Cash Equivalents – end of period 747,000 3,311,000
SUPPLEMENTAL NONCASH INVESTING ACTIVITIES    
Cash paid for interest 801,000 18,000
Equity Purchase Agreement [Member]    
SUPPLEMENTAL NONCASH INVESTING ACTIVITIES    
Issuance of common stock 159,000 0
Issued With Super Biz Note [Member]    
SUPPLEMENTAL NONCASH INVESTING ACTIVITIES    
Issuance of common stock 336,000 0
Settled Litigation [Member]    
SUPPLEMENTAL NONCASH INVESTING ACTIVITIES    
Issuance of common stock $ 0 $ 924,000