Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 2,490,662 $ 13,934,265
Restricted cash 7,008,261 508,261
Accounts receivable, net 1,371,133 1,403,774
Prepaid expenses and other current assets 2,330,032 2,383,764
Total current assets 13,200,088 18,230,064
Fixed assets, net 124,760 153,151
Investment, net 226,101 226,101
Capitalized software, net 6,009,163 7,311,676
Intangible assets, net 17,005,584 21,609,794
Goodwill 9,025,589 46,942,681
Other noncurrent assets 9,700
Total assets 45,591,285 94,483,167
Current liabilities    
Accounts payable, accrued expenses and other accrued liabilities 4,630,681 6,063,520
Contingent consideration payable 3,300,000 6,300,000
Current portion of deferred revenue 2,151,235 3,543,819
Current portion of long-term debt 9,900,000 13,200,000
Derivative liability 9,025 63,178
Total current liabilities 19,990,941 29,170,517
Long-term portion of deferred revenue 499,206 582,676
Long-term debt, less current portion 4,575,000 4,105,000
Deferred income tax liabilities 431,453 675,291
Total liabilities 25,496,600 34,533,484
Commitments and contingencies (Note 9)
Equity:    
Preferred stock, par value
Common stock, par value $0.0001; 150,000,000 shares authorized, 4,023,294 and 1,550,094 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 402 155
Additional paid-in capital 159,841,800 146,030,203
Accumulated other comprehensive income 356,028 61,523
Accumulated deficit (142,331,164) (88,508,236)
Total equity 20,094,685 59,949,683
Total liabilities and equity 45,591,285 94,483,167
Special voting preferred stock    
Equity:    
Preferred stock, par value $ 2,227,619 $ 2,366,038