| Schedule of assets and liabilities of the discontinued group |
|
|
As of June 30, |
|
|
As of December 31, |
|
|
|
2023 |
|
|
2022 |
|
| Cash and restricted cash |
|
$ |
— |
|
|
$ |
305,500 |
|
| Accounts receivable, net |
|
|
— |
|
|
|
112,444 |
|
Prepaid expenses & other current assets
|
|
|
— |
|
|
|
578,393 |
|
| Fixed assets |
|
|
— |
|
|
|
63,764 |
|
| Capitalized software, net |
|
|
— |
|
|
|
828,555 |
|
| Intangible assets, net |
|
|
— |
|
|
|
3,241,372 |
|
| Total assets held for sale |
|
$ |
— |
|
|
$ |
5,130,028 |
|
|
|
|
|
|
|
|
|
|
| Accounts payable, accrued expenses and other current liabilities |
|
$ |
— |
|
|
$ |
1,034,426 |
|
Deferred revenue
|
|
|
— |
|
|
|
994,713 |
|
| Deferred revenue, noncurrent |
|
|
— |
|
|
|
217,083 |
|
| Total liabilities held for sale |
|
$ |
— |
|
|
$ |
2,246,222 |
|
|
| Schedule of operations of the Discontinued Group |
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023
|
|
|
2022 |
|
| Revenue |
|
$ |
— |
|
|
$ |
2,596,205 |
|
|
$ |
214,346 |
|
|
$ |
5,301,966 |
|
| Cost of revenue |
|
|
— |
|
|
|
660,717 |
|
|
|
10,119 |
|
|
|
1,341,379 |
|
| Gross profit |
|
|
— |
|
|
|
1,935,488 |
|
|
|
204,227 |
|
|
|
3,960,587 |
|
| Product development |
|
|
— |
|
|
|
486,056 |
|
|
|
117,500 |
|
|
|
875,670 |
|
| Sales and marketing |
|
|
— |
|
|
|
1,206,228 |
|
|
|
171,753 |
|
|
|
2,391,207 |
|
| General and administrative |
|
|
— |
|
|
|
65,019 |
|
|
|
4,032 |
|
|
|
713,120 |
|
Depreciation and amortization
|
|
|
— |
|
|
|
540,272 |
|
|
|
24,507 |
|
|
|
1,052,219 |
|
Impairment of long-lived assets
|
|
|
— |
|
|
|
9,006,222 |
|
|
|
—
|
|
|
|
9,037,642 |
|
| Other expense (income), net |
|
|
— |
|
|
|
(303,930 |
) |
|
|
1,833 |
|
|
|
(303,930 |
) |
| Loss from discontinued operations before income taxes |
|
|
— |
|
|
|
(9,064,379 |
) |
|
|
(115,398 |
) |
|
|
(9,805,341 |
) |
| Income tax benefit |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Loss from discontinued operations, net of tax |
|
|
— |
|
|
|
(9,064,379 |
) |
|
|
(115,398 |
) |
|
|
(9,805,341 |
) |
| Gain on sale of discontinued operations, net of tax |
|
|
— |
|
|
|
— |
|
|
|
212,601 |
|
|
|
— |
|
| Net gain (loss) from discontinued operations, net of tax |
|
$ |
— |
|
|
$ |
(9,064,379 |
) |
|
$ |
97,203 |
|
|
$ |
(9,805,341 |
) |
|