Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 13,934,265 $ 17,840,640
Restricted cash 508,261 500,000
Accounts receivable, net 1,403,774 1,753,547
Prepaid expenses and other current assets 2,383,764 2,458,727
Total current assets 18,230,064 22,552,914
Fixed assets, net 153,151 1,193,433
Investment, net 226,101 233,664
Capitalized software, net 7,311,676 3,925,739
Intangible assets, net 21,609,794 7,388,795
Goodwill 46,942,681 41,874,527
Other noncurrent assets 9,700
Total assets 94,483,167 77,169,072
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 6,063,520 3,188,576
Contingent consideration payable 6,300,000
Deferred revenue 3,543,819 843,900
Current portion of long-term debt 13,200,000 11,707,363
Derivative liability 63,178 311,376
Total current liabilities 29,170,517 16,051,215
Long-term portion of deferred revenue 582,676
Long-term debt, less current portion 4,105,000 3,895,237
Deferred tax liabilities 675,291
Total liabilities 34,533,484 19,946,452
Commitments and contingencies (Note 14)  
Stockholders' equity    
Preferred stock, par value $0.0001; 5,000,000 shares authorized, 1 share special voting preferred stock issued and outstanding at December 31, 2021 and December 31, 2020
Special voting preferred stock, par value $0.0001; 1 share authorized, issued and outstanding as of December 31, 2021 and December 31, 2020, with $1 preference in liquidation; exchangeable shares, no par value, 309,286 and 2,667,349 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively (See Note 4) 2,366,038 20,405,219
Common stock, par value $0.0001; 75,000,000 shares authorized, 31,001,884 and 19,901,248, issued and outstanding at December 31, 2021 and December 31, 2020, respectively 3,100 1,990
Additional paid-in capital 146,027,258 94,086,433
Accumulated other comprehensive loss 61,523 (91,497)
Accumulated deficit (88,508,236) (57,179,525)
Total equity 59,949,683 57,222,620
Total liabilities and equity $ 94,483,167 $ 77,169,072