Cash Flow

v3.24.1.1.u2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Loss from continuing operations $ (807,152) $ (1,109,323)  
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities - continuing operations:      
Depreciation and amortization 52,401 132,774  
Deferred income taxes 0 (11,472)  
Noncash lease expense 22,848 22,847  
Stock-based compensation expense 83,332 33,496  
Allowance for credit losses 31,662 8,816 $ (15,761)
Amortization of commitment funding (93,750) 0  
Changes in operating assets and liabilities, net of effects of discontinued operations:      
Accounts receivable (17,601) 176,276  
Prepaid expenses and other current assets 117,619 119,604  
Accounts payable (48,219) 113,179  
Accrued expenses (33,113) (52,374)  
Lease liability (26,348) (25,736)  
Deferred revenue 175,223 197,755  
Net cash used in operating activities - continuing operations (543,098) (394,158)  
Net cash used in operating activities - discontinued operations 0 (29,607)  
Net cash used in operating activities (543,098) (423,765)  
Cash flows from investing activities:      
Payments for technology developed (82,060) (29,801)  
Purchases of property and equipment (479) (1,920)  
Acquisition of assets of Expo Experts 0 (400,000)  
Additional acquisition of equity interest in RemoteMore USA, Inc. 0 (116,667)  
Net cash used in investing activities (82,539) (548,388)  
Cash flows from financing activities:      
Proceeds from the sale of common stock 95,104 700,000  
Net cash provided by (used in) financing activities 95,104 700,000  
Effect of exchange rate fluctuations on cash and cash equivalents 0 (312)  
Net decrease in cash and cash equivalents (530,533) (272,465)  
Cash, cash equivalents, beginning of period 627,641 1,236,771 1,236,771
Cash and cash equivalents, end of period 97,108 964,306 $ 627,641
Supplemental disclosures of other cash flow information:      
Non-cash stock issuance 0 200,000  
Cash paid for income taxes $ 2,490 $ 0  

Source