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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 15,498,563 $ 21,636,860
Accounts receivable, net of allowances of $3,648 as of September 30, 2022 and December 31, 2021 120,272 153,448
Prepaid expense and other current assets 308,096 239,258
Total current assets 15,926,931 22,029,566
Operating lease right-of-use asset 179,432 239,491
Property and equipment, net 4,282 69,599
Goodwill 6,326,250 6,326,250
Intangible assets, net 3,800,873 196,543
Digital tokens 7,262
Other assets 13,937 13,937
Total assets 26,251,705 28,882,648
Current liabilities:    
Accounts payable 985,105 1,332,632
Accrued expenses and other current liabilities 193,415 344,441
Contingent consideration 150,000
Operating lease liabilities, current portion 81,705 80,309
Deferred subscription revenue 2,060,867 1,915,493
Total current liabilities 3,471,092 3,672,875
Operating lease liabilities, non-current portion 97,727 159,182
Deferred tax liability 851,298
Total liabilities 4,420,117 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 as of September 30, 2022 and December 31, 2021 and 9,515,068 and 9,832,157 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 9,864 9,864
Treasury stock, 349,052 and 31,963 shares as of September 30, 2022 and December 31, 2021, respectively (766,536) (194,200)
Additional paid-in capital 35,911,259 35,639,910
Accumulated deficit (13,322,999) (10,404,983)
Total stockholders’ equity 21,831,588 25,050,591
Total liabilities and stockholders’ equity $ 26,251,705 $ 28,882,648