Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 881,639 $ 877,755
Restricted cash 499,940 7,000,000
Accounts receivable, net 340,473 674,626
Prepaid expenses and other current assets 989,483 1,209,623
Assets held for sale 5,130,028
Total current assets 2,711,535 14,892,032
Fixed assets, net 40,443 48,879
Capitalized software, net 494,251 654,556
Intangible assets, net 2,041,667 2,164,722
Goodwill 1,708,303 1,708,303
Total assets 6,996,199 19,468,492
Current liabilities    
Accounts payable, accrued expenses and other accrued liabilities 3,804,896 4,426,419
Contingent consideration payable 2,283,806
Current portion of deferred revenue 516,796 568,771
Current portion of long-term debt 6,885,543 13,200,000
Liabilities held for sale 2,246,222
Total current liabilities 11,207,235 22,725,218
Deferred revenue, noncurrent 161,802
Long-term debt, less current portion 1,576,457 1,407,000
Total liabilities 12,783,692 24,294,020
Commitments and contingencies (Note 8)
Stockholders’ deficit    
Preferred stock, par value
Common stock, par value $0.0001; 150,000,000 shares authorized, 5,767,650 and 4,602,780 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 576 460
Additional paid-in capital 161,718,381 160,207,367
Accumulated other comprehensive income 353,529 347,100
Accumulated deficit (170,040,474) (167,565,846)
Total stockholders’ deficit (5,787,493) (4,825,528)
Total liabilities and stockholders’ deficit 6,996,199 19,468,492
Special Voting Preferred Stock    
Stockholders’ deficit    
Preferred stock, par value $ 2,180,495 $ 2,185,391