XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 2,529,551 $ 2,382,585
Adjustments to reconcile net income to net cash flows from operating activities:    
Note receivable revaluation (334,400)
Other income from W-1 Warrant mark-to-market (112,000) (900,000)
Stock based compensation 200,846 881,755
Amortization and depreciation 381,870 34,505
Deferred tax assets, net 291,883 (191,678)
Equity method loss 148,846
Increase in warrants (62,400)
Loss on sales of domain names 19,974
(Increase) decrease in:    
Accounts receivable (319,775) (198,363)
Prepaids (68,860) (39,540)
Other current assets 30,557 66,906
Increase (decrease) in:    
Accounts payable (65,450) 50,800
Accrued compensation (23,342)
Accrued expenses 44,880 (315,022)
Deferred revenue (9,820) (46,688)
Income taxes payable 54,250
Other current liabilities (634) 462
Net cash provided by operating activities 2,705,976 1,725,722
Cash flows from investing activities:    
Increase in investments (1,840,542) (3,595,599)
Investment in private company (1,455,266) (450,000)
Increase in special purpose acquisition company (250,250)
Collection of note receivable 384,400
Purchase of RiverPark Strategic Income Fund (199,988)
Investment in limited partnership (362,660)
Purchase of property and equipment (108,501)
Sales of domain names 10,200
Cash from Business Combination 15,873,598
Net cash (used in) provided by investing activities (3,822,607) 11,827,999
Cash flows from financing activities:    
Decrease (increase) in due from affiliate 123,823 (123,823)
Earn-outs paid (714,400)
Distributions paid (2,809,578)
Issuance of Class A Common Stock 2,174,445
Decrease in due to affiliate (3,377,291)
Net cash used in financing activities (590,577) (4,136,247)
Net (decrease) increase in cash (1,707,208) 9,417,474
Cash and cash equivalents at beginning of the period - January 1 10,690,398 1,272,924
Cash and cash equivalents at end of the period - December 31 8,983,190 10,690,398
Non-cash and other supplemental information:    
Cash paid for interest 1,693
Income taxes paid 250,000
Consulting services received in lieu of cash receipts $ 19,742