XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Subscription revenue $ 3,121,909 $ 3,210,619 $ 6,261,274 $ 5,860,742
Advertising revenue 75,462 57,856 152,283 113,523
Technology service revenue 218,432 112,000 374,248 126,952
Total revenues 3,415,803 3,380,475 6,787,805 6,101,217
Costs and expenses:        
Cost of revenue 630,582 685,430 1,277,297 1,308,154
Sales and marketing expense 255,204 221,416 512,655 413,086
Product development expense 1,298,767 1,255,884 2,596,031 2,506,580
General and administrative expense 469,502 687,083 1,231,212 1,706,337
Impairment loss on digital tokens 184,737 184,737
Total costs and expenses 2,838,792 2,849,813 5,801,932 5,934,157
Income from operations 577,011 530,662 985,873 167,060
Interest (expense) income, net (420) (1,210) 2,047 10,977
Gain on extinguishment of term debt 506,500
Realized gain (loss) from the sale of digital tokens 247,293 247,293 (23,838)
Other income (expense), net 4,589 (56,042)
Income from operations before provision for income taxes 823,884 534,041 1,741,713 98,157
Provision for income taxes (2,200) (2,500) (3,300) (5,000)
Net income $ 821,684 $ 531,541 $ 1,738,413 $ 93,157
Net income per share of common stock:        
Basic (in Dollars per share) $ 0.12 $ 0.08 $ 0.25 $ 0.01
Diluted (in Dollars per share) $ 0.12 $ 0.08 $ 0.25 $ 0.01
Weighted average number of shares of common stock used in calculating net income per share of common stock:        
Basic (in Shares) 6,906,454 6,869,027 6,906,454 6,871,299
Diluted (in Shares) 6,930,041 6,869,027 6,918,248 6,871,299