v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 5,124,553 $ 13,934,265
Restricted cash 8,261 508,261
Accounts receivable, net 1,882,084 1,403,774
Prepaid expenses and other current assets 2,155,446 2,383,764
Total current assets 9,170,344 18,230,064
Fixed assets, net 143,026 153,151
Investment, net 226,101 226,101
Capitalized software, net 6,898,876 7,311,676
Intangible assets, net 17,640,833 21,609,794
Goodwill 9,080,177 46,942,681
Other noncurrent assets 9,700 9,700
Total assets 43,169,057 94,483,167
Current liabilities    
Accounts payable, accrued expenses and other accrued liabilities 7,050,679 6,063,520
Contingent consideration payable 6,300,000 6,300,000
Current portion of deferred revenue 2,403,512 3,543,819
Current portion of long-term debt 6,600,000 13,200,000
Derivative liability 11,282 63,178
Total current liabilities 22,365,473 29,170,517
Long-term portion of deferred revenue 602,086 582,676
Long-term debt, less current portion 6,788,000 4,105,000
Deferred income tax liabilities 468,486 675,291
Total liabilities 30,224,045 34,533,484
Commitments and contingencies (Note 7)
Equity:    
Preferred stock, par value $0.0001; 5,000,000 shares authorized, 1 share special voting preferred stock issued and outstanding at June 30, 2022 and December 31, 2021
Special voting preferred stock, par value $0.0001; 1 share authorized, issued and outstanding as of June 30, 2022 and December 31, 2021, with $1 preference in liquidation; exchangeable shares, no par value, 291,192 and 309,286 shares issued and outstanding as of June 30, 2022 and December 31, 2021 respectively 2,227,619 2,366,038
Common stock, par value $0.0001; 75,000,000 shares authorized, 36,826,733 and 31,001,884 issued and outstanding at June 30, 2022 and December 31, 2021, respectively 3,680 3,100
Additional paid-in capital 150,438,437 146,027,258
Accumulated other comprehensive loss 302,352 61,523
Accumulated deficit (140,027,076) (88,508,236)
Total equity 12,945,012 59,949,683
Total liabilities and equity $ 43,169,057 $ 94,483,167

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