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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,062,681 $ 3,427,058
Accounts receivable, net of allowances and reserves of $4,640 and $23,832 as of September 30, 2020 and December 31, 2019, respectively 40,208 130,686
Digital tokens receivable 210,000
Prepaid expense and other current assets 231,670 167,441
Total current assets 5,544,559 3,725,185
Operating lease right-of-use assets 83,518 685,042
Property and equipment, net 370,445 620,059
Goodwill 6,326,250 6,326,250
Intangible assets, net 435,641 627,891
Digital tokens 700 148,229
Other assets 13,937 86,876
Total assets 12,775,050 12,219,532
Current liabilities:    
Accounts payable 776,816 1,007,851
Accrued expenses and other current liabilities 177,216 434,739
Operating lease liabilities, current portion 68,632 178,479
Term debt, current portion 281,009
Deferred subscription revenue 1,976,348 1,829,493
Total current liabilities 3,280,021 3,450,562
Term debt, non-current portion 225,491
Operating lease liabilities, non-current portion 14,886 583,075
Total liabilities 3,520,398 4,033,637
Commitments and Contingencies
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized; and 6,916,404 shares issued and 6,906,454 and 6,877,004 shares outstanding as of September 30, 2020 and December 31, 2019, respectively 6,917 6,879
Treasury stock, 9,950 and 1,900 shares, at par as of September 30, 2020 and December 31, 2019, respectively (10,859) (2,015)
Additional paid-in capital 21,518,940 21,281,382
Accumulated deficit (12,260,346) (13,100,351)
Total stockholders’ equity 9,254,652 8,185,895
Total liabilities and stockholders’ equity $ 12,775,050 $ 12,219,532