| Schedule of assets and liabilities of the discontinued group |
|
|
As of December 31, |
|
|
|
2022
|
|
|
2021 |
|
| Cash and restricted cash |
|
$ |
305,500 |
|
|
$ |
1,354,899 |
|
| Accounts receivable, net |
|
|
112,444 |
|
|
|
530,086 |
|
Prepaid expenses & other current assets
|
|
|
578,393 |
|
|
|
258,042 |
|
| Fixed assets |
|
|
63,764 |
|
|
|
87,123 |
|
| Capitalized software, net |
|
|
828,555 |
|
|
|
371,023 |
|
| Intangible assets, net |
|
|
3,241,372 |
|
|
|
15,056,111 |
|
| Goodwill |
|
|
— |
|
|
|
14,098,384 |
|
| Other noncurrent assets |
|
|
— |
|
|
|
9,700 |
|
| Total assets |
|
$ |
5,130,028 |
|
|
$ |
31,765,368 |
|
|
|
|
|
|
|
|
|
|
| Accounts payable, accrued expenses and other current liabilities |
|
$ |
1,034,426 |
|
|
$ |
677,747 |
|
Deferred revenue
|
|
|
994,713 |
|
|
|
2,672,019 |
|
| Deferred revenue, noncurrent |
|
|
217,083 |
|
|
|
336,773 |
|
| Total liabilities |
|
$ |
2,246,222 |
|
|
$ |
3,686,539 |
|
|
|
|
|
|
|
|
|
|
Current assets held for sale
|
|
$ |
5,130,028 |
|
|
$ |
2,143,027 |
|
| Noncurrent assets held for sale |
|
|
— |
|
|
|
29,622,341 |
|
| Total assets held for sale |
|
$ |
5,130,028 |
|
|
$ |
31,765,368 |
|
|
|
|
|
|
|
|
|
|
Current liabilities held for sale
|
|
$ |
2,246,222 |
|
|
$ |
3,349,766 |
|
| Noncurrent liabilities held for sale |
|
|
— |
|
|
|
336,773 |
|
| Total liabilities held for sale |
|
$ |
2,246,222 |
|
|
$ |
3,686,539 |
|
|
| Schedule of operations of the Discontinued Group |
|
|
Year Ended December 31, |
|
|
|
2022
|
|
|
2021 |
|
| Revenue |
|
$ |
9,453,309 |
|
|
$ |
3,057,877 |
|
| Cost of revenue |
|
|
2,418,322 |
|
|
|
685,603 |
|
| Gross profit |
|
|
7,034,987 |
|
|
|
2,372,274 |
|
| Research and development |
|
|
1,807,068 |
|
|
|
379,943 |
|
| Sales and marketing |
|
|
4,166,545 |
|
|
|
1,399,908 |
|
| General and administrative |
|
|
472,479 |
|
|
|
248,578 |
|
Depreciation and amortization
|
|
|
2,212,438 |
|
|
|
560,599 |
|
Impairment of long-lived assets
|
|
|
22,811,310
|
|
|
|
29,196 |
|
| Changes in fair value of contingent consideration |
|
|
(4,016,194 |
) |
|
|
— |
|
| Interest expense |
|
|
596 |
|
|
|
794 |
|
| Loss from discontinued operations before income taxes |
|
|
(20,419,255 |
) |
|
|
(246,744 |
) |
| Income tax benefit |
|
|
(12,919 |
) |
|
|
(1,500 |
) |
| Net loss from discontinued operations, net of tax |
|
$ |
(20,432,174 |
) |
|
$ |
(248,244 |
) |
|