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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 7,613,430 $ 16,446,030
Restricted cash 136,488
Accounts receivable, net 340,594 204,879
Loans held for investment, net of allowance for credit losses of $616,812 as of June 30, 2024 4,342,928
Interest Receivable 358,270
Inventory 1,277,709 1,439,182
Prepaid expenses and other current assets 2,783,388 3,084,576
Total current assets 16,852,807 21,174,667
Loans held for investment, net of allowance for credit losses of $81,265 as of June 30, 2024, non-current 572,182
Property and equipment, net 339,113 127,139
Intangible assets, net 15,858,943 3,557,029
Goodwill 10,930,978
Operating lease, right-of-use assets 456,795 324,238
Deposits 49,617 63,546
Total assets 45,060,435 25,246,619
Current liabilities    
Revolving line of credit 3,507,574
Accounts payable 3,923,344 1,828,508
Accrued expenses 1,118,867 1,641,553
Deferred revenue 241,784 225,148
Operating lease liabilities, current portion 243,609 310,911
Total current liabilities 9,035,178 4,006,120
Convertible promissory notes 8,449,500
Warrant liabilities 4,807,500 10,130,000
Earn-out liabilities 320,000 660,000
Operating lease liabilities 218,622 16,457
Total liabilities 32,830,800 14,812,577
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 50,000,000 authorized shares; no shares issued and outstanding as of June 30, 2024 and December 31, 2023
Additional paid in capital 98,251,713 72,644,419
Accumulated deficit (86,025,216) (62,213,139)
Total stockholders’ equity 12,229,635 10,434,042
Total liabilities and stockholders’ equity 45,060,435 25,246,619
Related Party    
Current liabilities    
Convertible promissory notes, related party (Note 12) 10,000,000
Class A Common Stock    
Stockholders’ equity    
Common stock value 2,817 2,441
Class C Common Stock    
Stockholders’ equity    
Common stock value $ 321 $ 321