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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (3,265,850) $ (2,806,339)
Adjustments to reconcile net loss to net cash used for operating activities:    
Adjustment to fair market value of digital assets (106,159) 0
Depreciation 26,557 18,786
Amortization 177,629 327,476
Deferred tax benefit (18,782) 0
Stock-based compensation 354,189 195,524
Value of stock issued or to be issued for payment of services 75,006 75,000
Changes in operating assets and liabilities:    
Accounts receivable 213,681 (257,740)
Prepaid expenses and other current assets (243,987) 1,053,159
Accounts payable (347,852) 499,710
Accrued expenses (148,183) (149,489)
Contract liabilities (58,121) (1,392,966)
Net cash used for operating activities (3,341,872) (2,436,879)
Cash flows from investing activities:    
Acquisitions, net of cash acquired 0 0
Purchase of short term investments (91,280,704) (75,492,435)
Proceeds from the sale of short term investments 91,430,265 74,159,649
Purchase of long term investments (716,343) 0
Proceeds from the sale of long term investments 5,626,429 5,560,083
Purchase of property and equipment, net (14,846) (47,429)
Capitalization of software development costs (73,678) (156,868)
Net cash provided by investing activities 4,971,123 4,023,000
Cash flows from financing activities:    
Payments on shares withheld for statutory taxes (37,233) (30,871)
Net cash used in financing activities (37,233) (30,871)
Effect of exchange rate changes on cash (3,414) 0
Net increase in cash and cash equivalents 1,592,018 1,555,250
Cash and cash equivalents, beginning of period 37,446,728 24,600,960
Cash and cash equivalents, end of period 39,035,332 26,156,210
Supplemental cash flow information:    
Interest paid 2,001 1,399
Non-cash financing and investing activities:    
Equipment acquired with financing arrangement 0 $ 61,224
Fair Value of common stock issued for services $ 75,006