v3.23.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Earnings (Loss) $ (694,538) $ (545,814)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Deferred Income Taxes (Credit) (364,000) (174,400)
Depreciation and Amortization 259,412 144,253
Intangible Asset Impairment, Net (55,687) 64
Reduction in Contingent Earn-Out Liability (215,360)
Stock-Based Compensation 27,382 118,692
Unrealized Gain on Investments (93,884)
Changes in Operating Assets and Liabilities:    
Accounts Receivable, Net 2,528,040 (861,952)
Inventory 1,201,640 (916,666)
Prepaid Expenses (224,436) 126,100
Deposits (262,268) (538,244)
Accounts Payable and Accrued Expenses (1,112,662) (980,731)
Accrued Payroll and Related 65,534 (125,895)
Unearned Revenue 1,238,698 1,064,773
Rewards Program Liability (6,000,000) 10,000,000
Sales Tax Payable (105,670) 3,924
Net cash provided by operating activities (3,592,439) 7,098,744
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Intangible Assets - Customer Lists (540,290)
Additions to Property and Equipment (284,959) (87,624)
Purchase of Investments (395,862)
Net cash used in investing activities (680,821) (627,914)
Debt Reduction:    
Contingent Earn-Out Liabilities (383,901)
Proceeds from Warrants Exercised 1,307,362
Net cash provided by financing activities (383,901) 1,307,362
NET INCREASE (DECREASE) IN CASH (4,657,161) 7,778,192
CASH - BEGINNING 15,253,756 32,226,668
CASH - ENDING 10,596,595 40,004,860
Cash Paid During The Period For:    
Interest 3,731
Income Taxes 76,073
Non-Cash G.A.P. Promotions LLC Asset Acquisition 1,735,000
Reduction in Contingent Earnout Liabilities 505,370 61,887
Reduction in Intangible Asset Associated With Contingent Earnout Liabilities (505,370) (61,887)
Total Noncash Investing and Financing Transactions

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