Subsequent Events

12 Months Ended

Dec. 31, 2022

Subsequent Events [Abstract]

Subsequent Events [Text Block]

16. Subsequent Events

In January 2023, the Company acquired Gofamer Oy ("Gofamer"). The Company agreed to issue 1.1 million shares of its common stock with a fair value of approximately $211,000 as total consideration for Gofamer. Gofamer is an influencer marketing company connecting companies/brands with creators, and enables companies/brands and creators to access in-depth data analytics from their own social media platforms, to develop and grow across multiple channels. Additionally, Gofamer gives companies/brands visibility into creators' performance across multiple social media platforms via a custom leaderboard, measuring and ranking creators' performance. Companies/brands who engage creators from Gofamer's platform for influencer marketing campaigns can produce and share detailed reports highlighting campaign performance within just a few clicks.

On January 10, 2023 (as part of the October 2022 Convertible Note transaction), the Company issued a note to Oscar Borgström with a principal balance of $100,000 that bears interest at 4.0% per annum and matures in two years. The Company issued warrants to the note holder to purchase up to 479,167 shares of common stock at an exercise price of $0.32 per share for a term of five years from the date of issuance.

Effective January 18, 2023, the Company amended its articles of incorporation and increased the number of authorized shares of common stock, par value $0.001 from 500,000,000 shares of common stock to 850,000,000 shares of common stock. In addition, the Company created a class of preferred stock, par value $0.001 and authorized the issuance of up to 100,000,000 shares of preferred stock.

The company signed a strategic advisory agreement with Maxim Investment Bank, effective March 3, 2023. The Company will issue to Maxim up to 2,500,000 shares of the Company's common stock, including 1,250,000 shares of Common Stock upon the execution of the agreement, and upon an uplisting of the Company's Common Stock to a national securities exchange (Nasdaq or NYSE), the lesser of (i) 1,250,000 shares of Common Stock and (ii) the number of shares of Common Stock having a market value of $175,000 based upon the closing price of the Common Stock on the date of completion of such uplisting.