Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.23.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 828,133 $ 877,755
Restricted cash 500,000 7,000,000
Accounts receivable, net 249,797 674,626
Prepaid expenses and other current assets 827,304 1,209,623
Assets held for sale 5,130,028
Total current assets 2,405,234 14,892,032
Fixed assets, net 33,604 48,879
Capitalized software, net 344,302 654,556
Intangible assets, net 1,920,000 2,164,722
Goodwill 1,708,303 1,708,303
Total assets 6,411,443 19,468,492
Current liabilities    
Accounts payable, accrued expenses and other accrued liabilities 3,995,736 4,426,419
Contingent consideration payable 2,283,806
Current portion of deferred revenue 313,100 568,771
Current portion of long-term debt 7,770,543 13,200,000
Liabilities held for sale 2,246,222
Total current liabilities 12,079,379 22,725,218
Deferred revenue, noncurrent 161,802
Long-term debt, less current portion 2,494,457 1,407,000
Total liabilities 14,573,836 24,294,020
Commitments and contingencies (Note 8)
Stockholders’ deficit    
Preferred stock, par value
Common stock, par value $0.0001; 150,000,000 shares authorized, 6,999,290 and 4,602,780 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 700 460
Additional paid-in capital 162,692,715 160,207,367
Accumulated other comprehensive income 337,103 347,100
Accumulated deficit (173,122,425) (167,565,846)
Total stockholders’ deficit (8,162,393) (4,825,528)
Total liabilities and stockholders’ deficit 6,411,443 19,468,492
Special Voting Preferred Stock    
Stockholders’ deficit    
Preferred stock, par value $ 1,929,514 $ 2,185,391