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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (11,490,663) $ 3,274,370
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization - loan origination fees and debt discounts 142,656 19,149
Depreciation and amortization - property and equipment 346,084 435,644
Stock-based compensation expense 622,007
Gain on lease termination (122,533)
Gain on paycheck protection program and economic injury disaster loan forgiveness (174,436)
Gain on disposal of fixed assets (17,067)
Interest income from shareholder loan (580,878)
Interest income from restricted escrow deposit (33,935)
Deferred taxes (3,058,738)
Changes in assets and liabilities:    
Accounts receivable 2,674,655 7,648,432
Accounts receivable - related party (255,045) (3,803,606)
Prepaid expenses - related party (2,500,000) (4,875,000)
Prepaid expenses and other current assets 156,450 (2,232,406)
Other noncurrent assets (2,903) (15,228)
Accounts payable 846,553 2,905,024
Accounts payable - related party (248,391) (1,402,791)
Accrued expenses and other liabilities 134,131 (127,993)
Interest receivable - related parties (1,496)
Interest payable - related parties 1,490
Lease liabilities (148,233) (103,782)
Deferred revenue 767,883 (7,297,736)
Net cash used in operating activities (10,794,759) (665,737)
Cash flows from investing activities:    
Repayment on loan provided by related party (300,000)
Purchases of property and equipment (5,256)
Proceeds from sale of property and equipment 19,500
Repayment on Pound Sand note 1,496,063
Net cash provided by investing activities 1,210,307
Cash flows from financing activities:    
Repayments on promissory note (59,589) (57,967)
Repayments on notes payable (3,750,000) (3,333,333)
Repayments on revolving loan (3,000,000)
Borrowings on notes payable 2,275,000
Borrowings on short-term note 10,000,000
Proceeds from issuance of convertible notes 847,500
Refund of dividend withholding tax overpayment 1,886,600
Payments on paycheck protection program and economic injury disaster loan (90,198)
Refund of payments on paycheck protection program and economic injury disaster loan 48,305
Cash dividend declared and paid (8,200,000)
Purchase of treasury stock (257,093)
Payments of offering costs in accounts payable (342,318)
Net cash used in financing activities (2,399,900) (1,633,193)
Effect of foreign currency translation on cash and cash equivalents 20,390 (52,810)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (13,174,269) (1,141,433)
Cash and cash equivalents, and restricted cash and cash equivalents - beginning of period 19,238,185 16,554,115
Cash and cash equivalents, and restricted cash and cash equivalents – end of period 6,063,916 15,412,682
Cash paid during the period for:    
Interest 725,885 594,189
Income taxes 504,581 831,400
Noncash transactions during the period for:    
Loan and interest payable - related parties 103,890
Loan and interest receivable - related parties (103,890)
Loan and interest from shareholder 94,934,400
Dividend distribution (94,934,400)
Deferred tax assets (241,229)
Prepaid income taxes 241,229
Change in deferred revenues due to gain contingency 1,209,430
Change in other receivables due to gain contingency (1,209,430)
Noncash finance activity during the period for:    
Issuance of warrants in connection with the equity line of credit (105,411)
Gain on paycheck protection program and economic injury disaster loan forgiveness (174,436)
License [Member]    
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization - intangible assets 250,000
License Rights, Related Parties [Member]    
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization - intangible assets 1,253,623 5,552,938
Other Intangible Assets [Member]    
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization - intangible assets $ 603 $ 672