Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Revision of Previously Issued Financial Statements

To correct the misstatements above, the Company revised its previously issued financial statements as follows:

	As of December 31, 2021
CONSOLIDATED BALANCE SHEET	As Previously Reported			Adjustments			As Revised
Deferred revenue, current	$	4,557,317		$	60,105		$	4,617,422
Current liabilities	$	6,030,547		$	60,105		$	6,090,652
Deferred revenue, net of current portion	$	1,578,769		$	185,480		$	1,764,249
Total liabilities	$	11,250,221		$	245,585		$	11,495,806
Accumulated deficit	$	(123,462,638	)	$	(245,585	)	$	(123,708,223	)
Stockholders' deficit	$	(12,965,983	)	$	(245,585	)	$	(13,211,568	)
Total liabilities and stockholders' deficit	$	12,668,626		$	—		$	12,668,626

	For the Year Ended December 31, 2021
CONSOLIDATED STATEMENT OF OPERATIONS	As Previously Reported			Adjustments			As Revised
Product revenue	$	7,254,471		$	(266,404	)	$	6,988,067
Support and services revenue	$	6,926,009		$	20,819		$	6,946,828
Total revenue	$	14,180,480		$	(245,585	)	$	13,934,895
Gross profit	$	12,228,204		$	(245,585	)	$	11,982,619
Operating income (loss)	$	633,868		$	(245,585	)	$	388,283
Income (loss) before income taxes	$	730,095		$	(245,585	)	$	484,510
Net income (loss)	$	203,332		$	(245,585	)	$	(42,253	)
Net income (loss) attributable to common stockholders	$	(1,240,334	)	$	(245,585	)	$	(1,485,919	)
Basic net income (loss) per share attributable to common stockholders	$	(0.19	)	$	(0.04	)	$	(0.23	)
Diluted net income (loss) per share attributable to common stockholders	$	(0.19	)	$	(0.04	)	$	(0.23	)

	For the Year Ended December 31, 2021
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)	As Previously Reported			Adjustments			As Revised
Net income (loss)	$	203,332		$	(245,585	)	$	(42,253	)
Total comprehensive income (loss)	$	331,253		$	(245,585	)	$	85,668
Total comprehensive income (loss) attributable to common stockholders	$	(1,112,413	)	$	(245,585	)	$	(1,357,998	)

	Total Stockholders' Deficit
CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT	As Previously Reported			Adjustments			As Revised
Balance at December 31, 2020	$	(15,540,812	)	$	—		$	(15,540,812	)
Net income (loss)	$	203,332		$	(245,585	)	$	(42,253	)
Balance at December 31, 2021	$	(12,965,983	)	$	(245,585	)	$	(13,211,568	)

	For the Year Ended December 31, 2021
CONSOLIDATED STATEMENT OF CASH FLOWS	As Previously Reported			Adjustments			As Revised
Cash flows from operating activities:
Net income (loss)	$	203,332		$	(245,585	)	$	(42,253	)
Changes in operating assets and liabilities:
Deferred revenue	$	(899,183	)	$	245,585		$	(653,598	)
Net cash provided by (used in) operating activities	$	(883,529	)	$	—		$	(883,529	)

Schedule of Changes in Deferred Revenue

Changes in deferred revenue were as follows:

Year Ended December 31, 2022
Balance at December 31, 2021	$	6,381,671
Deferral of revenue		8,642,479
Recognition of revenue		(10,052,248	)
Change in reserves		(6,053	)
Balance at December 31, 2022	$	4,965,849

Right of Use Assets and Liabilities and Lease Costs

We have various operating leases for office facilities that are expected to continue through 2023. Below is a summary of our ROU assets and liabilities as of December 31, 2022.

Right of use assets	$	34,416
Total lease liability obligations, current	$	34,416
Weighted-average remaining lease term	0.5
Weighted-average discount rate		3.35	%

	Years Ended December 31,
		2022		2021
Components of lease expense:
Operating lease cost	$	142,388	$	766,952
Sublease income		—		(100,418	)
Net lease cost	$	142,388	$	666,534

Summary of Future Minimum Lease Payments of ROU Assets over Remaining Lease

Approximate future minimum lease payments for our ROU assets over the remaining lease periods as of December 31, are as follows:

2023	$	34,753
Thereafter		—
Total minimum lease payments		34,753
Less interest		(337	)
Present value of lease liabilities	$	34,416

Schedule of Gross Carrying Amount and Accumulated Amortization of Goodwill and Other Intangible Assets

The gross carrying amount and accumulated amortization of goodwill and other intangible assets as of December 31, 2022 and 2021 are as follows:

	December 31, 2022			December 31, 2021
Goodwill	$	4,150,339		$	4,150,339
Other intangible assets:
Gross carrying amount	$	4,041,216		$	4,038,138
Accumulated amortization		(4,021,130	)		(3,986,776	)
Net carrying amount	$	20,086		$	51,362

Summary of Software Development Costs

The gross carrying amount and accumulated amortization of software development costs as of December 31, 2022 and 2021 are as follows:

	December 31, 2022			December 31, 2021
Software development costs:
Gross carrying amount	$	3,015,132		$	2,980,132
Accumulated amortization		(2,962,075	)		(2,937,437	)
Software development costs, net	$	53,057		$	42,695

Schedule of Anti-dilutive Common Stock Equivalents that were Excluded from Computation of Diluted Shares Outstanding

The following represents the common stock equivalents that were excluded from the computation of diluted shares outstanding because their effect would have been anti-dilutive for the years ended December 31, 2022 and 2021:

	Year Ended December 31,
	2022	2021
Stock options, warrants and restricted stock	37,733	77,847
Series A redeemable convertible preferred stock	155,963	141,385
Total anti-dilutive common stock equivalents	193,696	219,232

Computation of Earnings Per Share

The following represents a reconciliation of the numerators and denominators of the basic and diluted EPS computation:

	Year Ended December 31,
	2022	2021
Numerator:
Net income (loss)	$(1,798,955)	$(42,253)
Effects of Series A redeemable convertible preferred stock:
Less: Accrual of Series A redeemable convertible preferred stock dividends	1,494,057	1,143,697
Less: Accretion to redemption value of Series A redeemable convertible preferred stock	49,573	299,969
Net income (loss) attributable to common stockholders	$(3,342,585)	$(1,485,919)
Denominator:
Weighted average basic shares outstanding	7,100,929	6,515,274
Weighted average diluted shares outstanding	7,100,929	6,515,274
EPS:
Basic net income (loss) per share attributable to common stockholders	$(0.47)	$(0.23)
Diluted net income (loss) per share attributable to common stockholders	$(0.47)	$(0.23)