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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 88,954,391 $ 84,681,770
Accounts receivable, net 19,135,824 24,800,585
Prepaid expenses and other 4,609,489 5,630,655
Total Current Assets 112,699,704 115,113,010
Property and equipment, net 137,441 143,818
Other Assets    
Goodwill 14,740,031 14,740,031
Intangible assets, net 10,548,884 10,975,474
Security deposits and other assets 12,859 12,859
Total Other Assets 25,301,774 25,728,364
TOTAL ASSETS 138,138,919 140,985,192
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 600,729 606,808
Accrued expenses 1,718,055 2,902,836
Revenue share payable 3,175,719 4,378,216
Current portion of lease obligations 87,581 90,982
Deferred revenue 1,293,044 1,389,907
Total Current Liabilities 6,875,128 9,368,749
Non-Current Liabilities    
Lease liabilities, net of current portion 212,946 236,726
Total Liabilities 7,088,074 9,605,475
Commitments and contingencies (See note 8)
Stockholders’ Equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at March 31, 2022 or December 31, 2021
Common stock, $0.001 par value, 166,666,667 shares authorized, 17,902,608 and 17,860,975 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 17,903 17,861
Additional paid-in-capital 170,047,698 166,615,514
Accumulated deficit (39,014,756) (35,253,658)
Total Stockholders’ Equity 131,050,845 131,379,717
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 138,138,919 $ 140,985,192