v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income (loss) - including non-controlling interest $ (7,635,293) $ 1,212,431
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations    
Depreciation and amortization 249,574 233,760
Amortization of right-of-use assets 61,279 23,363
Amortization of internal use software development costs 55,707
Stock issued for services 411,740
Recognition of stock based compensation - unvested shares - related parties 155,119 1,497,417
Recognition of share based compensation - options - related party 6,196
Interest expense adjustment - SBA loans 19,750
Right-of-use asset lease payment adjustment true up (46,338)
Gain on equity method investment - CenterCom (16,153)
(Increase) decrease in    
Accounts receivable 513,320 1,264,196
Inventory 1,702,855
Prepaids and other 113,764 (337,975)
Deferred income taxes - net 293,000
Increase (decrease) in    
Accounts payable and accrued expenses (168,375) (2,433,059)
Accounts payable and accrued expenses - related party (192,845) 15,156
Accrued income taxes payable 130,000
Deferred revenue (20,000)
Operating lease liability (60,027) 28,012
Net cash provided by (used in) operating activities (6,963,484) 4,040,058
Investing activities    
Purchase of leasehold improvements (18,590)
Net cash used in investing activities (18,590)
Financing activities    
Proceeds from stock issued for cash 17,249,994
Proceeds from exercise of common stock warrants 8,799,257
Cash paid as direct offering costs (1,395,000)
Repayments of loans - related party (407,776) (368,421)
Repayments on notes payable - SBA government (2,769) (2,870)
Net cash provided (used in) by financing activities (410,545) 24,282,960
Net increase (decrease) in cash, cash equivalents and restricted cash (7,392,619) 28,323,018
Cash, cash equivalents and restricted cash - beginning of period 12,790,389 14,622,060
Cash, cash equivalents and restricted cash - end of period 5,397,770 42,945,078
Supplemental disclosure of cash flow information    
Cash paid for interest 90,860 129,003
Cash paid for income tax
Supplemental disclosure of non-cash investing and financing activities    
Reclassification of accrued interest - related party to note payable - related party 498,991
Exercise of warrants - cashless 41
Goodwill (ClearLine Mobile, Inc.) 2,500,000
Right-of-use asset obtained in exchange for new operating lease liability $ 98,638