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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,501,712 $ 5,585,420
Accounts receivable, net of allowances of $3,648 as of June 30, 2021 and December 31, 2020, respectively 52,261 71,410
Deferred Offering Costs 212,420
Prepaid expense and other current assets 208,084 236,704
Total current assets 6,974,477 5,893,534
Operating lease right-of-use asset 34,946 68,967
Property and equipment, net 153,921 255,777
Goodwill 6,326,250 6,326,250
Intangible assets, net 288,877 381,210
Digital tokens 931,232 439,145
Digital tokens receivable 210,000
Other assets 13,937 13,937
Total assets 14,723,640 13,588,820
Current liabilities:    
Accounts payable 889,623 742,141
Accrued expenses and other current liabilities 102,275 254,084
Operating lease liabilities, current portion 34,946 68,967
Digital tokens payable 272,984 123,397
Term debt, current portion 338,792
Deferred subscription revenue 2,011,363 2,058,721
Total current liabilities 3,311,191 3,586,102
Term debt, non-current portion 167,708
Total liabilities 3,311,191 3,753,810
Commitments and Contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, and 6,916,404 shares issued and 6,906,454 shares outstanding as of June 30, 2021 and December 31, 2020, respectively 6,917 6,917
Treasury stock, 9,950 shares at par as of June 30, 2021 and December 31, 2020 (10,859) (10,859)
Additional paid-in capital 21,407,067 21,568,041
Accumulated deficit (9,990,676) (11,729,089)
Total stockholders’ equity 11,412,449 9,835,010
Total liabilities and stockholders’ equity $ 14,723,640 $ 13,588,820