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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 14,739,933 $ 21,636,860
Accounts receivable, net of allowances of $3,648 as of December 31, 2022 and 2021, respectively 122,297 153,448
Prepaid expense and other current assets 543,199 239,258
Total current assets 15,405,429 22,029,566
Operating lease right-of-use asset 159,181 239,491
Property and equipment, net 69,599
Goodwill 6,326,250 6,326,250
Intangible assets, net 3,526,811 196,543
Digital tokens 7,262
Other assets 13,937 13,937
Total assets 25,431,608 28,882,648
Current liabilities:    
Accounts payable 1,013,637 1,332,632
Accrued expenses and other current liabilities 225,193 344,441
Contingent consideration 85,000
Operating lease liabilities, current portion 82,176 80,309
Deferred subscription revenue 2,257,452 1,915,493
Total current liabilities 3,663,458 3,672,875
Operating lease liabilities, non-current portion 77,005 159,182
Deferred tax liability 716,903
Total liabilities 4,457,366 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 and 9,227,349 and 9,832,157 shares outstanding as of December 31, 2022 and 2021, respectively 9,864 9,864
Treasury stock, 636,771 and 31,963 shares repurchased as of December 31, 2022 and 2021, respectively (1,192,124) (194,200)
Additional paid-in capital 35,973,735 35,639,910
Accumulated deficit (13,817,233) (10,404,983)
Total stockholders’ equity 20,974,242 25,050,591
Total liabilities and stockholders’ equity $ 25,431,608 $ 28,882,648