XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,681,475 $ 5,585,420
Accounts receivable, net of allowances of $3,648 as of March 31, 2021 and December 31, 2020, respectively 49,708 71,410
Prepaid expense and other current assets 189,180 236,704
Total current assets 5,920,363 5,893,534
Digital tokens receivable 210,000 210,000
Operating lease right-of-use asset 52,833 68,967
Property and equipment, net 206,997 255,777
Goodwill 6,326,250 6,326,250
Intangible assets, net 335,043 381,210
Digital tokens 657,430 439,145
Other assets 13,937 13,937
Total assets 13,722,853 13,588,820
Current liabilities:    
Accounts payable 627,699 742,141
Accrued expenses and other current liabilities 49,553 254,084
Operating lease liabilities, current portion 52,834 68,967
Digital tokens payable 185,866 123,397
Term debt, current portion   338,792
Deferred subscription revenue 2,023,794 2,058,721
Total current liabilities 2,939,746 3,586,102
Term debt, non-current portion   167,708
Total liabilities 2,939,746 3,753,810
Commitments and Contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized, and 6,916,404 shares issued and 6,906,454 shares outstanding as of March 31, 2021 and December 31, 2020, respectively 6,917 6,917
Treasury stock, 9,950 and 9,950 shares, at par as of March 31, 2021 and December 31, 2020, respectively (10,859) (10,859)
Additional paid-in capital 21,599,409 21,568,041
Accumulated deficit (10,812,360) (11,729,089)
Total stockholders’ equity 10,783,107 9,835,010
Total liabilities and stockholders’ equity $ 13,722,853 $ 13,588,820