v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (2,846,071) $ (1,695,683)
Adjustment to reconcile net loss to net cash used in operating activities    
Bad debt expense 252,809 47,873
Stock-based compensation expense 161,165
Changes in operating assets and liabilities    
Accounts receivable (1,508,217) 151,462
Prepaid expenses and other current assets (292,272) (167,200)
Accounts payable 281,598 293,515
Accrued liabilities (7,032) 40,553
Deferred revenue 278,208 362,193
Net cash used in operating activities (3,679,812) (967,287)
Cash flows from financing activities    
Cash received in connection with exercise of warrants 4,242,454
Cash received in connection with issuance of shares 10,000,000
Net cash provided by financing activities 4,242,454 10,000,000
Net increase in cash and restricted cash 562,642 9,032,713
Cash and restricted cash - beginning of period 22,367,289 2,572,401
Cash and restricted cash - end of period 22,929,931 11,605,114
Cash paid for taxes
Cash paid for interest $ 1,974 $ 416

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