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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,427,058 $ 6,555,376
Credit card holdback receivable 11,323 94,498
Accounts receivable, net of allowances and reserves of $23,832 and $34,546, as of December 31, 2019 and 2018, respectively 130,686 326,786
Prepaid expense and other current assets 156,118 269,668
Current assets held for sale 19,053
Total current assets 3,725,185 7,265,381
Operating lease right-of-use asset 685,042 232,423
Property and equipment, net 620,059 577,911
Goodwill 6,326,250 13,086,472
Intangible assets, net 627,891 884,223
Digital tokens 148,229 832,892
Other assets 86,876 116,767
Noncurrent assets held for sale 1,436,499
Total assets 12,219,532 24,432,568
Current liabilities:    
Accounts payable 1,007,851 2,842,947
Accrued expenses and other current liabilities 434,739 737,945
Current portion of operating lease liabilities 178,479 114,789
Deferred subscription revenue 1,829,493 1,468,571
Deferred technology service revenue 3,379,435
Current liabilities held for sale 617,410
Total current liabilities 3,450,562 9,161,097
Operating lease liabilities, non-current portion 583,075 117,634
Total liabilities 4,033,637 9,278,731
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, 6,878,904 and 6,868,679 shares issued and outstanding as of December 31, 2019 and 2018, respectively 6,879 6,869
Treasury stock, 1,900 and no shares, at par as of December 31, 2019 and 2018, respectively (2,015)
Additional paid-in capital 21,281,382 19,867,259
Accumulated deficit (13,100,351) (4,720,291)
Total stockholders' equity 8,185,895 15,153,837
Total liabilities and stockholders' equity $ 12,219,532 $ 24,432,568