XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Subscription revenue $ 2,538,764 $ 3,148,822 $ 7,945,809 $ 9,410,096
Advertising revenue 84,703 151,318 248,827 303,601
Technology service revenue 77,507 451,755
Total revenues 2,623,467 3,377,647 8,194,636 10,165,452
Costs and expenses:        
Cost of revenue 775,330 744,566 2,088,974 2,021,863
Sales and marketing expense 370,772 323,758 1,266,387 836,413
Product development expense 1,485,479 1,334,732 4,537,384 3,930,763
General and administrative expense 1,052,289 859,675 3,151,784 2,090,887
Impairment loss on digital tokens 571,458 7,262 756,195
Total costs and expenses 3,683,870 3,834,189 11,051,791 9,636,121
(Loss) income from operations (1,060,403) (456,542) (2,857,155) 529,331
Interest income (expense), net 19,750 (195) (3,004) 1,852
Gain on extinguishment of term debt 506,500
Realized gain (loss) from the sale of digital tokens 53,867 301,160
Other income (expense) (27,361)
(Loss) income from operations before provision for income taxes (1,040,653) (402,870) (2,887,520) 1,338,843
Provision for income taxes (9,712) (6,166) (30,496) (9,466)
Net (loss) income $ (1,050,365) $ (409,036) $ (2,918,016) $ 1,329,377
Net (loss) income per share of common stock:        
Basic (in Dollars per share) $ (0.11) $ (0.05) $ (0.3) $ 0.19
Diluted (in Dollars per share) $ (0.11) $ (0.05) $ (0.3) $ 0.18
Weighted average number of shares of common stock used in calculating net (loss) income per share of common stock:        
Basic (in Shares) 9,722,157 7,718,034 9,774,904 7,179,953
Diluted (in Shares) 9,722,157 7,718,034 9,774,904 7,201,504