v3.24.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue    
Total revenue $ 6,836,444 $ 10,458,170
Cost of revenue 3,401,441 4,911,503
Gross profit 3,435,003 5,546,667
Operating expenses    
Product development 2,335,609 4,088,294
Sales and marketing 2,293,767 5,572,721
General and administrative 5,677,485 8,018,255
Depreciation and amortization 27,191 4,421,995
Impairment of long-lived assets 26,528,630
Total operating expenses 10,334,052 48,629,895
Loss from operations (6,899,049) (43,083,228)
Other (expense) income    
Interest expense, net (1,130,343) (853,566)
Change in fair value of convertible notes (370,457) (2,884,273)
Change in fair value of derivative liability 63,178
Other expense, net (202,820) (221,101)
Total other (expense) income (1,703,620) (3,895,762)
Net loss from continuing operations before income taxes (8,602,669) (46,978,990)
Income tax benefit on continuing operations 701,119
Net loss from continuing operations (8,602,669) (46,277,871)
Loss from discontinued operations, net of tax (2,975,500) (32,779,739)
Net loss (11,578,169) (79,057,610)
Deemed dividends related to convertible redeemable preferred stock (955,500)
Net loss attributable to common stockholders $ (11,578,169) $ (80,013,110)
Basic weighted average common shares outstanding (in Shares) 371,020 146,393
Basic loss per common share from continuing operations (in Dollars per share) $ (23.19) $ (322.65)
Basic loss per common share from discontinued operations (in Dollars per share) (8.02) (223.92)
Basic loss per common share (in Dollars per share) $ (31.21) $ (546.56)
Software    
Revenue    
Total revenue $ 6,787,285 $ 9,748,268
Consulting    
Revenue    
Total revenue 39,750 682,309
Other revenue    
Revenue    
Total revenue $ 9,409 $ 27,593

Source