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 $ (1,295,155) $ (99,664)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 615,127 538,648
Bad debt expense (recovery) 29,126 (143)
Loss on disposal of fixed assets 10,202 547
Amortization of deferred financing costs 42,052 94,531
Amortization of right of use assets, financing 36,372 34,954
Share-based compensation 965,471 764,831
Changes in operating assets and liabilities:    
Accounts receivable 310,576 401,330
Accounts receivable, unbilled 204,630 (162,476)
Parts and supplies (64,000) 16,346
Prepaid expenses and other current assets (26,263) 31,049
Accounts payable and accrued expenses 116,759 345,041
Operating lease assets and liabilities, net (13,896) (3,990)
Deferred revenues (818,480) (172,623)
Total adjustments 1,407,676 1,888,045
Net cash provided by operating activities 112,521 1,788,381
Cash flows from investing activities:    
Capitalization of internal use software (209,171) (198,051)
Purchases of property and equipment (262,733) (200,715)
Net cash used in investing activities (471,904) (398,766)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,716,957
Costs paid for issuance of common stock (118,629)
Principal payments on financing lease liability (33,795) (29,668)
Payments to taxing authorities in connection with shares directly withheld from employees (283,399) (69,526)
Exercise of stock warrants (12)
Repayment of notes payable (807,331) (825,000)
Repayment of notes payable - related parties (532,169)
Net cash used in financing activities (58,378) (924,194)
Net (decrease) increase in cash (417,761) 465,421
Cash - beginning of period 2,489,236 1,215,248
Cash - end of period 2,071,475 1,680,669
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 74,425 160,813
Cash paid during the period for income taxes 18,849 12,999
Supplemental disclosure of non-cash financing activities:    
Right-of-use asset obtained in exchange for operating lease liability 43,430
Right-of-use asset obtained in exchange for finance lease liability $ 89,289

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