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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 21,636,860 $ 5,585,420
Accounts receivable, net of allowances of $3,648 as of December 31, 2021 and 2020, respectively 153,448 71,410
Prepaid expense and other current assets 239,258 236,704
Total current assets 22,029,566 5,893,534
Operating lease right-of-use asset 239,491 68,967
Property and equipment, net 69,599 255,777
Goodwill 6,326,250 6,326,250
Intangible assets, net 196,543 381,210
Digital tokens 7,262 439,145
Digital tokens receivable 210,000
Other assets 13,937 13,937
Total assets 28,882,648 13,588,820
Current liabilities:    
Accounts payable 1,332,632 742,141
Accrued expenses and other current liabilities 344,441 254,084
Operating lease liabilities, current portion 80,309 68,967
Digital tokens payable 123,397
Term debt, current portion 338,792
Deferred subscription revenue 1,915,493 2,058,721
Total current liabilities 3,672,875 3,586,102
Operating lease liabilities, non-current portion 159,182
Term debt, non-current portion 167,708
Total liabilities 3,832,057 3,753,810
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,864,120 and 6,916,404 shares issued and 9,832,157 and 6,906,454 shares outstanding as of December 31, 2021 and 2020, respectively 9,864 6,917
Treasury stock, 31,963 and 9,950 shares as of December 31, 2021 and 2020, respectively (194,200) (10,859)
Additional paid-in capital 35,639,910 21,568,041
Accumulated deficit (10,404,983) (11,729,089)
Total stockholders’ equity 25,050,591 9,835,010
Total liabilities and stockholders’ equity $ 28,882,648 $ 13,588,820