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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 16,850,818 $ 21,636,860
Accounts receivable, net of allowances of $3,648 as of June 30, 2022 and December 31, 2021 106,791 153,448
Prepaid expense and other current assets 359,944 239,258
Total current assets 17,317,553 22,029,566
Operating lease right-of-use asset 199,567 239,491
Property and equipment, net 17,681 69,599
Goodwill 6,326,250 6,326,250
Intangible assets, net 3,799,442 196,543
Digital tokens   7,262
Other assets 13,937 13,937
Total assets 27,674,430 28,882,648
Current liabilities:    
Accounts payable 1,464,732 1,332,632
Accrued expenses and other current liabilities 182,409 344,441
Operating lease liabilities, current portion 81,237 80,309
Deferred subscription revenue 1,839,849 1,915,493
Total current liabilities 3,568,227 3,672,875
Operating lease liabilities, non-current portion 118,330 159,182
Deferred tax liability 806,493  
Total liabilities 4,493,050 3,832,057
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, 9,864,120 shares issued as of June 30, 2022 and December 31, 2021 and 9,722,157 and 9,832,157 shares outstanding as of June 30, 2022 and December 31, 2021, respectively 9,864 9,864
Treasury stock, 141,963 and 31,963 shares as of June 30, 2022 and December 31, 2021, respectively (407,380) (194,200)
Additional paid-in capital 35,851,530 35,639,910
Accumulated deficit (12,272,634) (10,404,983)
Total stockholders’ equity 23,181,380 25,050,591
Total liabilities and stockholders’ equity $ 27,674,430 $ 28,882,648