XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Subscription revenue $ 3,148,822 $ 3,124,999 $ 9,410,096 $ 8,985,741
Advertising revenue 151,318 86,256 303,601 199,779
Technology service revenue 77,507 98,000 451,755 224,952
Total revenues 3,377,647 3,309,255 10,165,452 9,410,472
Costs and expenses:        
Cost of revenue 744,566 632,462 2,021,863 1,940,616
Sales and marketing expense 323,758 204,371 836,413 617,457
Product development expense 1,334,732 1,223,818 3,930,763 3,730,398
General and administrative expense 859,675 704,812 2,090,887 2,411,149
Impairment loss on digital tokens 571,458 756,195
Total costs and expenses 3,834,189 2,765,463 9,636,121 8,699,620
Income (loss) from operations (456,542) 543,792 529,331 710,852
Interest (expense) income, net (195) (1,959) 1,852 9,018
Gain from sale of Secured Communications Assets 250,000 250,000
Gain on extinguishment of term debt 506,500
Realized gain (loss) from the sale of digital tokens 53,867 (48,285) 301,160 (72,123)
Other expense (56,042)
Income (loss) from operations before provision for income taxes (402,870) 743,548 1,338,843 841,705
Benefit (expense) for income taxes (6,166) 3,300 (9,466) (1,700)
Net income (loss) $ (409,036) $ 746,848 $ 1,329,377 $ 840,005
Net income (loss) per share of common stock:        
Basic (in Dollars per share) $ (0.05) $ 0.11 $ 0.19 $ 0.12
Diluted (in Dollars per share) $ (0.05) $ 0.11 $ 0.18 $ 0.12
Weighted average number of shares of common stock used in calculating net income per share of common stock:        
Basic (in Shares) 7,718,034 6,889,334 7,179,953 6,877,355
Diluted (in Shares) 7,718,034 6,895,588 7,201,504 6,879,440