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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 3,140,747 $ 1,254,494
Accounts receivable, net (includes unbilled receivables of $143,219 and $109,475 as of December 31, 2023 and 2022, respectively) 686,327 1,008,375
Related party receivables 44,087 31,446
Prepaid expenses and other current assets 826,781 580,086
Total Current Assets 4,697,942 2,874,401
Noncurrent Assets:    
Capitalized internal-use software, net 1,472,374 1,418,672
Goodwill 1,248,664 1,248,664
Intangible assets, net 223,690 251,686
Property and equipment, net 56,436 300,664
Operating lease right of use assets 164,740 315,765
Other assets 29,468 2,066
Total Assets 7,893,314 6,411,918
Current Liabilities:    
Accounts payable 1,232,118 945,162
Related party payables 82,101 273,176
Accrued expenses 1,143,890 1,099,824
Deferred revenue 10,800 1,811,680
Income tax payable 1,975 21,076
Short-term operating lease liabilities 81,236 177,795
Short-term financial liabilities 162,130 118,860
Total Current Liabilities 2,714,250 4,447,573
Noncurrent Liabilities:    
Warrant liabilities 256,536 261,569
Notes payable, plus accrued interest of $40,317 and $16,458, as of December 31, 2023 and 2022, respectively 953,877 886,465
Long-term operating lease liabilities 53,771 102,407
Long-term financial liabilities 0 88,760
Total Liabilities 3,978,434 5,786,774
Commitments, Note 11
Stockholders' Equity:    
Common stock $0.01 par value, 50,000,000 shares authorized, 9,198,089 and 4,910,815 shares issued, and 9,143,355 and 4,854,302 outstanding at December 31, 2023 and 2022, respectively [1] 6,096 3,237
Treasury stock, at cost: 54,734 and 56,513 shares held as of December 31, 2023 and 2022, respectively [1] 0 0
Additional paid-in capital [1] 54,460,960 39,541,489
Stockholders' notes receivable 0 (18,547)
Accumulated other comprehensive income 139,670 237,252
Accumulated deficit (50,853,285) (39,299,726)
Total T Stamp Inc. Stockholders' Equity 3,753,441 463,705
Non-controlling interest 161,439 161,439
Total Stockholders' Equity 3,914,880 625,144
Total Liabilities and Stockholders' Equity $ 7,893,314 $ 6,411,918
[1] After giving effect to the 15 for 1 reverse stock split effected on January 6, 2025.