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 $ (727,565) $ (174,714)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 307,685 264,010
Bad debt expense (recovery) 29,126 (14,588)
Loss on disposal of fixed assets 5,706
Amortization of deferred financing costs 10,513 60,595
Amortization of right of use assets, financing 18,186 16,768
Share-based compensation 453,463 443,832
Changes in operating assets and liabilities:    
Accounts receivable (304,795) (66,379)
Accounts receivable, unbilled 311,827 34,380
Parts and supplies (6,746) 17,182
Prepaid expenses and other current assets (30,127) (25,630)
Accounts payable and accrued expenses 302,687 402,286
Operating lease assets and liabilities, net (6,351) (1,375)
Deferred revenues (473,962) (344,601)
Total adjustments 617,212 786,480
Net cash (used in) provided by operating activities (110,353) 611,766
Cash flows from investing activities:    
Capitalization of internal use software (102,854) (109,621)
Purchases of property and equipment (121,080) (18,311)
Net cash used in investing activities (223,934) (127,932)
Cash flows from financing activities:    
Principal payments on financing lease liability (16,694) (14,138)
Exercise of stock warrants (12)
Repayment of notes payable (500,000)
Net cash used in financing activities (16,706) (514,138)
Net decrease in cash (350,993) (30,304)
Cash - beginning of period 2,489,236 1,215,248
Cash - end of period 2,138,243 1,184,944
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 40,185 88,935
Cash paid during the period for income taxes 11,094 956
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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