XML 83 R66.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss attributable to T Stamp Inc. $ (1,692,062) $ (12,091,540) $ (9,057,163)
Net loss attributable to noncontrolling interest   0 (1,743)
Adjustments to reconcile net loss to net cash flows from operating activities:      
Depreciation and amortization 153,928 760,497 573,755
Stock-based compensation 287,786 2,399,063 2,780,639
Change in fair value of warrant liability (40,588) (113,125) 86,944
Repayment of shareholder loans through in-kind services 27,930 111,720 261,794
Impairment of digital assets   27,934  
Non-cash interest expense   16,458 12,252
Non-cash lease expense   266,086  
Changes in assets and liabilities:      
Accounts receivable (includes unbilled receivables activity of $281 and $109,194 as of December 31, 2022 and 2021, respectively) 244,927 269,911 (1,137,433)
Related party receivables 13,394 (17,798) 857
Prepaid expenses and other current assets (224,939) 373,760 (537,607)
Other assets 27,539 178,140 19,816
Accounts payable 349,640 630,492 (73,565)
Accrued expenses 254,738 40,290 250,329
Related party payables (81,552) 20,403 (195,532)
Deferred revenue (181,943) 1,308,247 34,328
Income tax payable   21,076  
Operating lease liabilities   (258,892)  
Customer deposit liabilities (280,108) (280,108) 280,108
Net cash flows from operating activities (1,141,310) (6,337,386) (6,702,221)
Cash flows from investing activities:      
Purchases of property and equipment (10,059) (30,842) (34,217)
Capitalized internally developed software costs (206,523) (776,055) (482,219)
Acquisition of Pixelpin intangible asset   13,362 (90,621)
Purchase of digital assets   (30,000)  
Patent application costs (28,173) (174,655) (161,296)
Net cash flows from investing activities (244,755) (998,190) (768,353)
Cash flows from financing activities:      
Proceeds from issuance of common stock, net 203,438 983,195 7,633,045
Proceeds from issuance of common stock warrants 55,838 667,290 1,129,535
Proceeds from exercise of warrants to common stock 3,383,762 3,383,762 150
Proceeds from exercise of options to common stock 53,314 95,116  
Proceeds from loan from Maltese government   61,361 844,006
Repayment of debt     (344,219)
Proceeds from repayment of shareholder loan     75,000
Principal payments on financial liability   (89,530)  
Net cash flows from financing activities 3,696,352 5,101,194 9,337,517
Effect of foreign currency translation on cash 50,169 13,181 138,800
Net change in cash and cash equivalents 2,360,456 (2,221,201) 2,005,743
Cash and cash equivalents, beginning of period 3,475,695 3,475,695 1,469,952
Cash and cash equivalents, end of period 5,836,151 1,254,494 3,475,695
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest $ 8 8 $ 30,215
Non-cash transactions:      
Property and equipment acquired under financial liability   297,150  
Operating lease right-of-use assets established upon adoption of ASC 842   322,559  
Operating lease liabilities established upon adoption of ASC 842   302,573  
Adjustment to operating lease right-of-use assets related to renewed leases   259,292  
Adjustment to operating lease operating lease liabilities related to renewed leases   236,521  
Prepaid rent expense reclassified upon adoption of ASC 842   $ 42,756