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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,712,832 $ 5,585,420
Accounts receivable, net of allowances of $3,648 as of September 30, 2021 and December 31, 2020, respectively 117,588 71,410
Prepaid expense and other current assets 211,262 236,704
Total current assets 11,041,682 5,893,534
Operating lease right-of-use asset 259,282 68,967
Property and equipment, net 107,830 255,777
Goodwill 6,326,250 6,326,250
Intangible assets, net 242,710 381,210
Digital tokens 53,899 439,145
Digital tokens receivable 210,000
Other assets 13,937 13,937
Total assets 18,045,590 13,588,820
Current liabilities:    
Accounts payable 1,108,628 742,141
Accrued expenses and other current liabilities 157,697 254,084
Operating lease liabilities, current portion 79,849 68,967
Digital tokens payable 333,446 123,397
Term debt, current portion 338,792
Deferred subscription revenue 1,858,955 2,058,721
Total current liabilities 3,538,575 3,586,102
Operating lease liabilities, non-current portion 179,433
Term debt, non-current portion 167,708
Total liabilities 3,718,008 3,753,810
Commitments and Contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, and 8,249,714 and 6,916,404 shares issued and 8,239,764 and 6,906,454 shares outstanding as of September 30, 2021 and December 31, 2020, respectively 8,250 6,917
Treasury stock, 9,950 shares at par as of September 30, 2021 and December 31, 2020 (10,859) (10,859)
Additional paid-in capital 24,729,903 21,568,041
Accumulated deficit (10,399,712) (11,729,089)
Total stockholders’ equity 14,327,582 9,835,010
Total liabilities and stockholders’ equity $ 18,045,590 $ 13,588,820