Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Table)

v3.23.1
Discontinued Operations (Table)
3 Months Ended
Mar. 31, 2023
Discontinued Operations  
Schedule of assets and liabilities of the discontinued group





As of December 31,





2022
Cash and restricted cash




$ 305,500
Accounts receivable, net





112,444
Prepaid expenses & other current assets






578,393
Fixed assets





63,764
Capitalized software, net





828,555
Intangible assets, net





3,241,372
Total assets held for sale




$ 5,130,028









Accounts payable, accrued expenses and other current liabilities




$ 1,034,426
Deferred revenue






994,713
Deferred revenue, noncurrent





217,083
Total liabilities held for sale




$ 2,246,222
Schedule of operations of the Discontinued Group


Three Months Ended March 31,


2023


2022
Revenue
$ 214,346

$ 2,705,761
Cost of revenue

10,119


680,662
Gross profit

204,227


2,025,099
Product development

117,500


389,614
Sales and marketing

171,753


1,184,979
General and administrative

4,032


648,101
Depreciation and amortization


24,507


511,947
Impairment of long-lived assets






31,420
Other expense

(1,833 )


Loss from discontinued operations before income taxes

(115,398 )

(740,962 )
Income tax benefit



Loss from discontinued operations, net of tax

(115,398 )

(740,962 )
Gain on sale of discontinued operations, net of tax

212,601



Net gain (loss) from discontinued operations, net of tax
$ 97,203

$ (740,962 )