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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (3,765,874) $ 5,375,653
Less: Income from discontinued operations 0 8,714,852
Loss from continuing operations (3,765,874) (3,339,199)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 16,776 53,687
Amortization on right of use asset 10,664 11,724
Amortization of debt issuance costs 2,667 2,667
Amortization of discount - proceeds from sale of discontinued operations (20,712) (245,041)
Accrued interest on convertible notes 389,602 416,548
Accretion of discounts on marketable securities (1,237,337) (767,533)
Gain on sale of investment (48,612) 0
Gain on debt redemption (137,356) 0
Provision for doubtful accounts 168,750 0
Stock-based compensation expense 3,321,551 3,368,575
Change in fair value of warrant liability (543) (2,494)
Change in operating assets and liabilities:    
Accounts receivable (1,266,187) (2,030,800)
Contract assets 171,358 442,616
Prepaid expenses 61,248 (132,344)
Lease liabilities (21,624) (11,724)
Deposits and other assets (572,153) (235,656)
Accounts payable 1,328,176 605,437
Accrued expenses (931,686) (236,088)
Deferred revenues 789,152 681,476
Other liabilities (489,040) 0
Net cash used in operating activities - continuing operations (2,231,180) (1,418,149)
Net cash used in operating activities - discontinued operations 0 (59,075)
Net cash used in operating activities (2,231,180) (1,477,224)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment 0 (75,493)
Purchase of marketable securities (87,732,380) (61,573,237)
Sale and maturity of marketable securities 85,255,076 41,392,821
Proceeds from sale of investment 48,612 0
Net cash from sale of discontinued operations 1,666,666 21,967,193
Net cash (used in) provided by investing activities - continuing operations (762,026) 1,711,284
Net cash (used in) provided by investing activities (762,026) 1,711,284
CASH FLOWS FROM FINANCING ACTIVITIES:    
Tax payments related to shares withheld for vested restricted stock units (100,662) (127,357)
Cash used to redeem convertible notes (950,000) 0
Net cash used in financing activities - continuing operations (1,050,662) (127,357)
Net cash used in financing activities (1,050,662) (127,357)
Net change in cash (4,043,868) 106,703
Cash and cash equivalents, beginning of period 6,042,986 2,795,743
Cash and cash equivalents, end of period 1,999,118 2,902,446
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest 0 0
Cash paid for taxes $ 48,492 $ 1,423,000