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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 598,031 $ 3,140,747
Accounts receivable, net (includes unbilled receivables of $4,463 and $143,219 as of September 30, 2024 and December 31, 2023, respectively) 375,732 686,327
Related party receivables 23,781 44,087
Prepaid expenses and other current assets 1,213,924 826,781
Total Current Assets 2,211,468 4,697,942
Capitalized internal-use software, net 1,532,357 1,472,374
Goodwill 1,248,664 1,248,664
Intangible assets, net 193,304 223,690
Property and equipment, net 39,825 56,436
Operating lease right of use assets 198,634 164,740
Investment 5,100,000 0
Other assets 35,375 29,468
Total Assets 10,559,627 7,893,314
Current Liabilities:    
Accounts payable 1,107,276 1,232,118
Related party payables 48,235 82,101
Accrued expenses 1,670,260 1,143,890
Deferred revenue 95,750 10,800
Income tax payable 0 1,975
Loans payable 645,536 0
Short-term operating lease liabilities 95,367 81,236
Short-term financial liabilities 0 162,130
Total Current Liabilities 3,662,424 2,714,250
Warrant liabilities 250,694 256,536
Notes payable, including accrued interest of $45,383 and $40,317, as of September 30, 2024 and December 31, 2023, respectively 1,007,213 953,877
Long-term operating lease liabilities 70,555 53,771
Total Liabilities 4,990,886 3,978,434
Commitments, Note 11
Stockholders' Equity:    
Common stock $0.01 par value, 50,000,000 shares authorized, 18,819,750 and 9,198,089 shares issued, and 18,819,750 and 9,143,355 outstanding at September 30, 2024 and December 31, 2023, respectively [1] 12,547 6,096
Treasury stock, at cost: 0 and 54,734 shares held as of September 30, 2024 and December 31, 2023, respectively [1] 0 0
Additional paid-in capital [1] 60,755,010 54,460,960
Accumulated other comprehensive income 86,436 139,670
Accumulated deficit (55,446,691) (50,853,285)
Total T Stamp Inc. Stockholders' Equity 5,407,302 3,753,441
Non-controlling interest 161,439 161,439
Total Stockholders' Equity 5,568,741 3,914,880
Total Liabilities and Stockholders' Equity $ 10,559,627 $ 7,893,314
[1] After giving effect to the 15 for 1 reverse stock split effected on January 6, 2025.