Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 877,755 $ 12,579,366
Restricted cash 7,000,000 508,261
Accounts receivable, net 674,626 873,688
Prepaid expenses and other current assets 1,209,623 2,125,722
Assets held for sale 5,130,028 2,143,027
Total current assets 14,892,032 18,230,064
Fixed assets, net 48,879 66,028
Investment, net 226,101
Capitalized software, net 654,556 6,940,653
Intangible assets, net 2,164,722 6,553,683
Goodwill 1,708,303 32,844,297
Noncurrent assets held for sale 29,622,341
Total assets 19,468,492 94,483,167
Current liabilities    
Accounts payable, accrued expenses and other current liabilities 4,426,419 5,385,773
Contingent consideration payable 2,283,806 6,300,000
Current portion of deferred revenue 568,771 871,800
Current portion of long-term debt 13,200,000 13,200,000
Derivative liability 63,178
Liabilities held for sale 2,246,222 3,349,766
Total current liabilities 22,725,218 29,170,517
Deferred revenue, noncurrent 161,802 245,903
Long-term debt, less current portion 1,407,000 4,105,000
Deferred income tax liabilities 675,291
Noncurrent liabilities held for sale 336,773
Total liabilities 24,294,020 34,533,484
Commitments and contingencies (Note 12)
Stockholders' equity (deficit)    
Preferred stock value
Common stock, par value $0.0001; 150,000,000 shares authorized, 4,602,780 and 1,550,094, issued and outstanding at December 31, 2022 and December 31, 2021, respectively 460 155
Additional paid-in capital 160,207,367 146,030,203
Accumulated other comprehensive income 347,100 61,523
Accumulated deficit (167,565,846) (88,508,236)
Total stockholders' equity (deficit) (4,825,528) 59,949,683
Total liabilities and stockholders' equity (deficit) 19,468,492 94,483,167
Special Voting Preferred Stock    
Stockholders' equity (deficit)    
Preferred stock value $ 2,185,391 $ 2,366,038