Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net Income $ (1,005,922) $ 135,901
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization   577,044
Stock based compensation 551,892 76,221
Gain on contingent liability   (307,300)
Loss on disposal of equipment   29,732
Changes in Assets and Liabilities:    
Accounts receivable   385,134
Other assets   (344)
Prepaid expenses and other current assets   (25,443)
Right of use asset   43,362
Accounts payable and accrued expenses   53,857
Deferred revenue   (99,582)
Operating lease liability   (43,565)
Net Cash (Used in) Provided by Operating Activities   825,017
Cash Flows from Investing Activities:    
 Capital expenditures   (303,228)
 Cash consideration for business acquisition   (5,937,275)
Net Cash Used in Investing Activities   (6,240,503)
Cash Flows from Financing Activities:    
Repayments of finance lease obligations related party   (603,495)
Repayments of finance lease obligations   (74,010)
Proceeds from issuance of common stock and warrants   9,454,894
Cash received for the exercised of options  
Repayments of Dividend payable   (1,179,357)
Repayment of line of credit   (24)
Net Cash (Used in) Provided by Financing Activities   7,598,008
Increase (decrease) in Cash and Cash Equivalents   2,182,522
Cash and Cash Equivalents, Beginning of Period   893,598
Cash and Cash Equivalents, End of Period   3,076,120
Supplemental Disclosures:    
Cash paid for interest   78,136
Cash paid for income taxes  
Non-cash investing and financing activities:    
Accrual of preferred stock dividend   63,683
Assets acquired by finance lease   $ 50,000
As Restated [Member]    
Cash Flows from Operating Activities:    
Net Income (1,005,922)  
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 640,589  
Stock based compensation 551,892  
Gain on contingent liability  
Loss on disposal of equipment  
Changes in Assets and Liabilities:    
Accounts receivable (100,490)  
Other assets (211)  
Prepaid expenses and other current assets (438,444)  
Right of use asset 96,573  
Accounts payable and accrued expenses 261,052  
Deferred revenue (117,377)  
Operating lease liability (95,744)  
Net Cash (Used in) Provided by Operating Activities (208,082)  
Cash Flows from Investing Activities:    
 Capital expenditures (51,220)  
 Cash consideration for business acquisition  
Net Cash Used in Investing Activities (51,220)  
Cash Flows from Financing Activities:    
Repayments of finance lease obligations related party (487,403)  
Repayments of finance lease obligations (181,597)  
Proceeds from issuance of common stock and warrants  
Cash received for the exercised of options 6,935  
Repayments of Dividend payable  
Repayment of line of credit  
Net Cash (Used in) Provided by Financing Activities (662,065)  
Increase (decrease) in Cash and Cash Equivalents (921,367)  
Cash and Cash Equivalents, Beginning of Period 12,135,803  
Cash and Cash Equivalents, End of Period 11,214,436  
Supplemental Disclosures:    
Cash paid for interest 76,874  
Cash paid for income taxes  
Non-cash investing and financing activities:    
Accrual of preferred stock dividend  
Assets acquired by finance lease $ 1,094,051