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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,787,248 $ 2,839,687
Accounts receivable, net 169,074 215,109
Note receivable, net of discount 1,604,167 0
Prepaid expenses and other current assets 151,374 164,823
Total current assets 3,711,863 3,219,619
Property and equipment, net 23,487 40,493
Intangible assets, net 2,663,311 3,175,198
Operating lease right-of-use assets 23,063 61,040
Total assets 6,421,724 6,496,350
Current liabilities:    
Accounts payable 1,610,416 1,625,588
Income tax payable 0 674,921
Accrued expenses 430,858 376,387
Contract liabilities 13,020 11,154
Operating lease obligations – current portion 22,199 36,123
Total current liabilities 2,076,493 2,724,173
Long-term liabilities:    
Operating lease obligations – net of current portion 0 25,187
Deferred tax liability, net 707,952 838,312
Uncertain tax position liability 265,167 0
Total liabilities 3,049,612 3,587,672
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized; 7,840,124 shares issued and 7,696,487 shares outstanding at December 31, 2022, 7,807,103 shares issued and 7,773,263 shares outstanding at December 31, 2021 7,840 7,807
Accrued common stock bonus 82,180 0
Additional paid-in capital 72,800,976 72,691,201
Accumulated other comprehensive income 316,360 590,067
Accumulated deficit (69,670,404) (70,322,550)
Common stock in treasury, at cost, 143,637 and 33,840 shares at December 31, 2022 and 2021, respectively (164,840) (57,847)
Total shareholders’ equity 3,372,112 2,908,678
Total liabilities and shareholders’ equity 6,421,724 6,496,350
Series A Preferred Stock [Member]    
Shareholders’ equity:    
Series A Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2022 and 2021, respectively $ 0 $ 0