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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 13,852,456 $ 18,208,685
Short-term investments 55,931,821
Accounts receivable, net of allowance for credit losses of $239,172 and $352,043 at December 31, 2023 and 2022, respectively 36,253,214 22,155,301
Taxes receivable 1,035,754
Prepaid expenses and other 3,189,468 2,280,828
Total Current Assets 54,330,892 98,576,635
Property and equipment, net 149,407 137,448
Other Assets    
Goodwill 78,357,074 22,673,820
Patent rights, net 6,184,742 1,940,178
Technology assets, net 9,012,756 7,702,895
Tradename and customer relationships, net 34,198,084 3,379,838
Operating lease right-of-use assets 572,895 235,320
Security deposits and other assets 568,048 5,051
Total Other Assets 128,893,599 35,937,102
TOTAL ASSETS 183,373,898 134,651,185
Current Liabilities    
Current portion of long-term debt 2,000,000
Accounts payable – trade 2,227,177 1,549,979
Accrued expenses 7,754,781 2,601,246
Revenue share payable 5,505,701 3,990,440
Current portion of lease liabilities 221,625 89,902
Deferred revenue 171,841 164,309
Total Current Liabilities 17,881,125 8,395,876
Non-current Liabilities    
Long-term debt, net 34,230,737
Lease liabilities, net of current portion 371,438 144,532
Deferred tax liabilities, net 4,337,424
Total Liabilities 56,820,724 8,540,408
Commitments and contingencies (See Note 16)
Stockholders’ Equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at December 31, 2023 and 2022, respectively
Common stock, $0.001 par value, 166,666,667 shares authorized, 19,899,679 and 18,288,571 shares issued at December 31, 2023 and 2022, respectively 19,899 18,289
Treasury stock, $0.001 par value,1,741,397 and 1,214,398 purchased at December 31, 2023 and 2022, respectively (1,741) (1,214)
Additional paid-in-capital 190,792,980 172,785,800
Accumulated deficit (64,257,964) (46,692,098)
Total Stockholders’ Equity 126,553,174 126,110,777
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 183,373,898 $ 134,651,185