Registration of securities issued in business combination transactions

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Revenue            
Total revenue $ 2,287,868 $ 3,489,676 $ 4,890,557 $ 7,734,756 $ 13,645,030 $ 17,627,097
Cost of revenue 962,896 1,175,261 2,013,977 2,698,270 5,412,388 7,433,884
Gross profit 1,324,972 2,314,415 2,876,580 5,036,486 8,232,642 10,193,213
Operating expenses            
Product development 659,287 1,275,372 1,504,765 2,991,119 4,690,967 5,892,022
Sales and marketing 650,358 1,979,091 1,431,849 4,030,224 6,053,172 7,708,265
General and administrative 1,495,947 2,658,017 3,057,848 4,580,348 8,344,613 10,173,630
Depreciation and amortization 278,456 1,442,560 570,252 2,924,005 5,622,274 5,174,551
Impairment of long-lived assets 15,115,843 30,562,944 38,967,295 14,354,114
Total operating expenses 3,084,048 22,470,883 6,564,714 45,088,640 63,678,321 43,302,582
Loss from operations (1,759,076) (20,156,468) (3,688,134) (40,052,154) (55,445,679) (33,109,369)
Other (expense) income            
Interest expense, net         (853,716) (1,530,703)
Interest (expense) income, net (227,055) (212,987) (714,371) (213,727)    
Change in fair value of convertible notes (893,000) (294,000) (1,048,457) (1,727,000) (2,884,273) (1,365,904)
Change in fair value of derivative liability 33,845 51,896 63,178 248,198
Other expense, net (202,820) (202,820)    
Gain on forgiveness of PPP Loan         2,234,730
Other (expense) income         (221,101) 186,420
Total other (expense) income (1,322,875) (473,142) (1,965,648) (1,888,831) (3,895,912) (227,259)
Net loss from continuing operations before income taxes (3,081,951) (20,629,610) (5,653,782) (41,940,985) (59,341,591) (33,336,628)
Income tax benefit on continuing operations 128,042 227,486 716,155 2,263,725
Equity in losses of investee         (7,564)
Net loss from continuing operations (3,081,951) (20,501,568) (5,653,782) (41,713,499) (58,625,436) (31,080,467)
Net gain (loss) from discontinued operations (9,064,379) 97,203 (9,805,341)    
Loss from discontinued operations, net of tax         (20,432,174) (248,244)
Net loss $ (3,081,951) $ (29,565,947) $ (5,556,579) $ (51,518,840) (79,057,610) (31,328,711)
Deemed dividends related to convertible redeemable preferred stock         (955,500)
Net loss attributable to common stockholders         $ (80,013,110) $ (31,328,711)
Basic weighted average common shares outstanding (in Shares) 5,969,086 1,773,889 5,663,424 1,684,734 2,927,853 1,282,098
Basic loss per common share from continuing operations (in Dollars per share) $ (0.52) $ (11.56) $ (1) $ (24.76) $ (20.35) $ (24.24)
Basic earnings (loss) per common share from discontinued operations (in Dollars per share) (5.11) 0.02 (5.82) (6.98) (0.19)
Basic loss per common share (in Dollars per share) $ (0.52) $ (16.67) $ (0.98) $ (30.58) $ (27.33) $ (24.44)
Software            
Revenue            
Total revenue $ 2,242,792 $ 3,366,333 $ 4,839,554 $ 7,169,085 $ 12,920,647 $ 15,984,376
Consulting            
Revenue            
Total revenue 39,800 115,300 39,800 542,309 682,309 1,510,413
Other revenue            
Revenue            
Total revenue $ 5,276 $ 8,043 $ 11,203 $ 23,362 $ 42,074 $ 132,308