XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues    
Total revenues $ 7,020,258 $ 5,114,489
Costs and other expenses    
Total costs and other expenses 2,439,570 1,672,929
Gross Profit 4,580,688 3,441,560
Operating expenses    
Selling, general and administrative 9,364,887 6,028,360
Research, development and engineering 3,252,236 2,355,056
Reversal of earnout payable – Swivel acquisition (500,000) 0
Impairment of goodwill 2,387,193 0
Total operating expenses 14,504,316 8,383,416
Operating loss (9,923,628) (4,941,856)
Other income (expense)    
Interest income 233 4,075
Loss on foreign currency transactions 0 (50,000)
Investment-debt security reserve (452,821) (60,000)
Loan transaction costs (1,147,456) 0
Change in fair value of convertible note (396,203) 0
Interest expense (10,462) (18,000)
Total other income (expense) (2,006,709) (123,925)
Loss before provision for income tax benefit (11,930,337) 0
Provision for income tax benefit 20,434 0
Net loss (11,909,903) (5,065,781)
Comprehensive loss:    
Net loss (11,909,903) (5,065,781)
Other comprehensive loss- Foreign translation adjustment (242,602) 0
Comprehensive loss $ (12,152,505) $ (5,065,781)
Basic and Diluted Loss per Common Share (in dollars per share) $ (1.47) $ (0.65)
Weighted Average Shares Outstanding:    
Basic and Diluted (in shares) 8,100,785 7,791,741
Service [Member]    
Revenues    
Total revenues $ 1,789,720 $ 1,273,354
Costs and other expenses    
Total costs and other expenses 722,152 686,175
License [Member]    
Revenues    
Total revenues 4,584,052 2,555,809
Costs and other expenses    
Total costs and other expenses 906,417 183,199
Hardware [Member]    
Revenues    
Total revenues 646,486 1,285,326
Costs and other expenses    
Total costs and other expenses $ 811,001 $ 803,555