DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2023

DISCONTINUED OPERATIONS [Abstract]

Discontinued Operations

The following table summarizes the major classes of assets and liabilities of the Helix Businesses as reported on the consolidated balance sheets as of December 31, 2022:

	December 31, 2022
Carrying amounts of assets associated with Helix Businesses included as part of discontinued operations:
Cash and cash equivalents	$	524,155
Accounts receivable, net		738,510
Prepaid expenses		131,023
Current assets of discontinued operations	$	1,393,688
Property and equipment, net		2,500,376
Intangible assets, net		6,775,841
Goodwill		9,099,372
Right of use assets, net		603,636
Deposits and other assets		58,649
Non-current assets of discontinued operations	$	19,037,874
Carrying amounts of liabilities associated with Helix Businesses included as part of discontinued operations:
Accounts payable	$	258,960
Accrued expenses		661,981
Short-term operating lease liabilities		243,888
Deferred revenues		497,418
Current liabilities of discontinued operations	$	1,662,247
Long-term operating lease liabilities		365,609
Non-current liabilities of discontinued operations	$	365,609

The following table summarizes the major income and expense line items of the Helix Businesses as reported in the condensed consolidated statements of operations for the three and six months ended June 30, 2023 and 2022:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2023			2022			2023			2022
Income and expense line items related to Helix Businesses:
Revenues:
Information and Software	$	—		$	2,495,901		$	1,121,677		$	4,770,134
Services		—			399,655			179,798			828,361
Other		—			35,788			—			189,267
Total revenues		—			2,931,344			1,301,475			5,787,762
Costs and Expenses:
Cost of revenues		—			1,508,257			699,015			2,873,484
Research and development		—			810,689			160,164			1,800,725
Sales and marketing		—			505,637			35,005			1,064,981
General and administrative		—			1,183,347			129,283			2,326,271
Depreciation and amortization		—			587,788			372,435			1,178,113
Total costs and expenses		—			4,595,718			1,395,902			9,243,574
Loss from discontinued operations for Helix Businesses		—			(1,664,374	)		(94,427	)		(3,455,812	)
Other Income (Expense):
Interest and investment income		—			37			—			730
Interest expense		—			(14,928	)		—			(40,706	)
Foreign currency related gains, net		—			253,852			—			331,828
Total other income, net		—			238,961			—			291,852
Net loss from discontinued operations for Helix Businesses before income taxes		—			(1,425,413	)		(94,427	)		(3,163,960	)
Gain on sale of discontinued operations		—			—			11,531,849			202,159
Income tax expense		(32,426	)		—			(2,722,570	)		—
Net gain (loss) from discontinued operations, net of tax for Helix Businesses	$	(32,426	)	$	(1,425,413	)	$	8,714,852		$	(2,961,801	)