XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (738,945) $ 916,729
Adjustments to reconcile net (loss) income from operations to net cash (used in) provided by operating activities:    
Depreciation of property and equipment 30,098 48,780
Amortization of intangible assets 46,166 46,167
Amortization of operating lease right-of-use assets 19,905 16,134
Gain on extinguishment of term debt (506,500)
Stock-based compensation 152,471 31,368
Bad debt expense (3,235)
Changes in operating assets and liabilities:    
Digital tokens (218,285)
Accounts receivable 44,360 24,937
Operating lease liability (19,905) (16,133)
Digital tokens payable 62,469
Prepaid expense and other current assets (37,842) 47,524
Accounts payable, accrued expenses and other current liabilities (659,622) (318,973)
Deferred subscription revenue (69,640) (34,927)
Net cash (used in) provided by operating activities (1,232,954) 96,055
Cash flows from investing activities:    
Net cash provided by investing activities
Cash flows from financing activities:    
Net cash provided by financing activities
Net (decrease) increase in cash and cash equivalents (1,232,954) 96,055
Balance of cash and cash equivalents at beginning of period 21,636,860 5,585,420
Balance of cash and cash equivalents at end of period 20,403,906 $ 5,681,475
Supplemental disclosure of cash flow information: Non-cash investing and financing activities:    
Write-off of property and equipment $ 1,475,649