XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Subscription revenue $ 2,560,706 $ 3,121,909 $ 5,407,045 $ 6,261,274
Advertising revenue 83,762 75,462 164,124 152,283
Technology service revenue 218,432 374,248
Total revenues 2,644,468 3,415,803 5,571,169 6,787,805
Costs and expenses:        
Cost of revenue 661,548 630,582 1,313,644 1,277,297
Sales and marketing expense 484,133 255,204 895,615 512,655
Product development expense 1,521,764 1,298,767 3,051,905 2,596,031
General and administrative expense 1,053,347 469,502 2,099,495 1,231,212
Impairment loss on digital tokens 7,262 184,737 7,262 184,737
Total costs and expenses 3,728,054 2,838,792 7,367,921 5,801,932
(Loss) income from operations (1,083,586) 577,011 (1,796,752) 985,873
Interest (expense) income, net (1,595) (420) (3,457) 2,047
Gain on extinguishment of term debt 506,500
Realized gain from the sale of digital tokens 247,293 247,293
Other expense, net (38,772) (46,658)
(Loss) income from operations before provision for income taxes (1,123,953) 823,884 (1,846,867) 1,741,713
Provision for income taxes (4,753) (2,200) (20,784) (3,300)
Net (loss) income $ (1,128,706) $ 821,684 $ (1,867,651) $ 1,738,413
Net (loss) income per share of common stock:        
Basic (in Dollars per share) $ (0.12) $ 0.12 $ (0.19) $ 0.25
Diluted (in Dollars per share) $ (0.12) $ 0.12 $ (0.19) $ 0.25
Weighted average number of shares of common stock used in calculating net (loss) income per share of common stock:        
Basic (in Shares) 9,771,608 6,906,454 9,801,715 6,906,454
Diluted (in Shares) 9,771,608 6,930,041 9,801,715 6,918,248