10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                           to                        

COMMISSION FILE NO. 333-222593

Vado Corp.

(Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of incorporation)

30-0968244

(IRS Employer Identification No.)

73 Market St., Venice, CA 90291

Tel: (888) 545-0009

(Address and telephone number of registrant's executive office)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
None	N/A	N/A

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒	Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class	Outstanding as of May 13, 2024: 182,492,221
Common Stock, $0.001

Vado Corp.

Table of Contents

		Page
PART I	Financial information
Item 1	Financial statements (unaudited)	3
Item 2	Management’s discussion and analysis of financial condition and results of operations	21
Item 3	Quantitative and qualitative disclosures about market risk	27
Item 4	Controls and procedures	27
PART II	Other Information
Item 1	Legal proceedings	28
Item 1A	Risk Factors	28
Item 2	Unregistered sales of equity securities and use of proceeds	28
Item 3	Defaults upon senior securities	28
Item 4	Mine safety disclosures	28
Item 5	Other information	28
Item 6	Exhibits	29
	Signatures	30

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Vado Corp.

Condensed Consolidated Balance Sheets

	March 31,			December 31,
	2024			2023
ASSETS
Current assets
Cash		32,946		$	133,182
Investments - restricted		1,042,418			1,029,256
Accounts receivable		2,868,769			2,953,497
Other current assets		250,197			235,242
Total current assets		4,194,330			4,351,177
Property and equipment, net of accumulated depreciation of $175,800 and $170,854		24,110			26,463
Intangible assets -amortizable		89,672			110,425
Total Assets		4,308,112		$	4,488,065
LIABILITIES AND (DEFICIENCY IN) STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities		4,562,392			3,555,630
Acquisition liabilities		-			12,500
Deferred revenue		368,760			191,766
Accrued settlement		2,476,926			2,476,926
Loans payable, current		3,968,349			3,459,516
Loans payable, related party, current		1,178,240			996,700
Bank overdraft		75,790			-
Convertible notes payable, related party, current		800,000			800,000
Total current liabilities		13,430,457			11,493,038
Loans payable		200,000			200,000
Loans payable, related party		327,760			413,300
Convertible notes payable, related party		1,924,000			1,529,973
Total Liabilities		15,882,217			13,636,311
Commitments and contingencies		-			-
Stockholders' equity (deficit)
Common stock, $0.001 par value, 490,000,000 shares authorized, 182,492,221 shares issued and outstanding at March 31, 2024 and December 31, 2023		182,493			182,493
Preferred stock, Series A; $0.001 par value, 1,000,000 shares authorized, 223,333 shares issued and outstanding at March 31, 2024 and December 31, 2023		223			223
Additional paid-in capital		5,491,652			5,868,972
Accumulated deficit		(17,248,473	)		(15,199,934	)
Total stockholders' equity (deficit)		(11,574,105	)		(9,148,246	)
Total liabilities and stockholders' equity (deficit)	$	4,308,112		$	4,488,065

The accompanying notes are an integral part of these financial statements.

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Vado Corp.

Condensed Consolidated Statements of Operations

(unaudited)

	For the Three Months Ended
	March 31,
	2024			2023
Revenue	$	3,578,172		$	3,535,239
Cost of revenue		3,130,302			2,339,721
Gross Profit		447,870			1,195,518
Operating expenses:
Selling, general and administrative		1,775,234			2,556,489
Net operating loss		(1,327,364	)		(1,360,971	)
Other income (expense):
Interest expense, net of interest income		(734,337	)		(195,377	)
Interest income, restricted investment		13,162			-
Total other expense		(721,175	)		(195,377	)
Net loss before provision for income taxes		(2,048,539	)		(1,556,348	)
Provision for income taxes		-			-
Net loss	$	(2,048,539	)	$	(1,556,348	)
Net loss per share - basic	$	(0.01	)	$	(0.01	)
Net loss per share - diluted	$	(0.01	)	$	(0.01	)
Weighted average shares outstanding - basic		182,492,222			179,549,853
Weighted average shares outstanding - diluted		182,492,222			179,549,853

The accompanying notes are an integral part of these financial statements.

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Vado Corp.

Condensed Consolidated Statements of Cash Flows

(unaudited)

	For the Three			For the Three
	Months Ended			Months Ended
	March 31			March 31
	2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$	(2,048,539	)		(1,556,348	)
Adjustment to reconcile net (loss) income to net cash used in operating activities:
Stock based compensation		16,707			215,048
Amortization of discount on investment		(13,162	)		-
Depreciation and amortization		31,449			56,924
Amortization of ROU asset		-			142,252
Amortization of discount on convertible note payable		-			34,851
Provision for doubtful accounts		(109,505	)		31,956
Minimum interest liability on loan		524,590			-
Changes in assets and liabilities:
Accounts receivable		194,233			209,660
Other current assets		(14,955	)		(277,543	)
Accounts payable		1,006,762			335,489
Bank overdraft		75,790			-
Deferred revenue		176,994			(3,824	)
Acquisition liability		(12,500	)		(37,500	)
Accrued settlement		-			(62,500	)
Operating lease liability		-			(154,700	)
Net cash (used in) provided by operating activities		(172,136	)		(1,066,235	)
INVESTING ACTIVITIES
Cash paid for fixed assets		(2,593	)		(2,305	)
Cash paid for development of intangible assets		(5,750	)		(12,006	)
Net cash provided by (used in) investing activities		(8,343	)		(14,311	)
FINANCING ACTIVITIES
Proceeds from sale of common stock		-			500,000
Proceeds from notes payable - related parties		96,000			-
Proceeds from convertible notes payable		-			800,000
Issuance of Series A Preferred Stock for cash		-			750,000
Principal payments on loan payable		(15,757	)		(12,535	)
Net cash provided by (used in) financing activities		80,243			2,037,465
Net (decrease) increase in cash and cash equivalents		(100,236	)		956,919
Cash and cash equivalents at beginning of period		133,182			485,053
Cash and cash equivalents at end of period	$	32,946			1,441,972
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	$	-			123,616
Income taxes paid	$	-			-
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Effect of reverse merger	$	-			53,308
Cumulative effect adjustment to implement ASU 2020-06	$	394,027			-

The accompanying notes are an integral part of these financial statements.

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Vado Corp.

Condensed Consolidated Statements of Stockholders’ Equity

For the Three Months Ended March 31, 2024 and 2023

	Common Stock				Preferred Stock Series A				Additional Paid-in			Accumulated
	Shares		Amount		Shares		Amount		Capital			Deficit			Total
Balance, December 31, 2022		173,757,921		173,758		170,000		170		1,793,966			(6,678,294	)		(4,710,400	)
Effect of reverse merger		6,985,500		6,986		-		-		(53,308	)		-			(46,322	)
Share based compensation		-		-		-		-		215,048			-			215,048
Sale of common stock for cash		1,692,477		1,692		-		-		498,308			-			500,000
Sale of Series A Preferred Stock for cash		-		-		25,000		25		749,975			-			750,000
Discount on convertible notes payable		-		-		-		-		215,686			-			215,686
Net loss for the three months ended March 31, 2023		-		-		-		-		-			(1,556,348	)		(1,556,348	)
Balance, March 31, 2023		182,435,898	$	182,436		195,000	$	195	$	3,419,675		$	(8,234,642	)	$	(4,632,336	)
Balance, December 31, 2023		182,492,221		182,493		223,333		223		5,868,972			(15,199,934	)		(9,148,246	)
Share based compensation		-		-		-		-		16,707			-			16,707
Cumulative effect adjustment to implement ASU 2020-06		-		-		-		-		(394,027	)		-			(394,027	)
Net loss for the three months ended March 31, 2024		-		-		-		-		-			(2,048,539	)		(2,048,539	)
Balance, March 31, 2024		182,492,221	$	182,493		223,333	$	223	$	5,491,652		$	(17,248,473	)	$	(11,574,105	)

The accompanying notes are an integral part of these financial statements.

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VADO CORP.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023

(UNAUDITED)

1. Organization and Business

Our History

In 2013 co-founders Reeve Benaron and Jason Wulfsohn formed Socialcom Inc (“Socialcom”) by bringing together three businesses they held: a creative agency, a digital performance agency, and a demand side platform (DSP) or programmatic media-buying platform. The core areas of expertise represented by each of these companies - creative and brand building, performance marketing and ad tech - still defines Socialcom’s unique competitive advantage today, as it continues to lean into full-funnel and omnichannel performance solutions for independent agencies and brands. During the last 10 years Socialcom has experienced significant achievements in terms of growth, market relevance, and product innovation, evidenced by an array of prestigious industry awards, including being named one of the fastest-growing companies in America by Deloitte, The Financial Times and the Los Angeles Business Journal, as well ranking on the Inc. 5000 list for four consecutive years, starting in 2019 and most recently in 2022. In 2021 Socialcom was an AdExchanger finalist for Best Programmatic Capabilities, a W3 Silver Award winner for best integrated campaign and in 2022 Socialcom VP of Partnership Solutions, Danielle Gale, was honored by Cynoposis as one of the Top Women in Media. Socialcom is the operating subsidiary of Vado Corp (the “Company,” “Vado,” “we,” “our” and “us”), which we acquired in the share exchange described below. Since 2023 the Company has been focused on developing powerful data science and predictive analytics solutions, through AXi, it’s proprietary suite of audience intelligence tools, that can help deliver significantly improved performance outcomes for their brand and agency clients, driving differentiation for their tech stack and competitive advantage for their clients.

Share Exchange

On February 24, 2023 the Company completed the share exchange (the “Exchange”) contemplated by the Share Exchange Agreement (the “Exchange Agreement”) dated January 30, 2023 with Socialcom and the stockholders of Socialcom signatory thereto (the “Closing”). Pursuant to the Closing of the Exchange, the Company issued the Socialcom stockholders signatory thereto a total of 169,434,640 shares of the Company’s common stock, representing approximately 96% of the shares of the Company’s outstanding common stock after giving effect to such issuance, in exchange for all of the shares of Socialcom common stock held by such Socialcom stockholders. As a result of the Closing of the Exchange, Socialcom became an approximately 96.6% owned subsidiary of the Company.

In connection with the Exchange, the Company also agreed to the following: (i) the cancellation of 93 million shares of common stock held by David Lelong, a director of the Company who at that time was also the Company’s sole officer, which cancellation was effected at the Closing, (ii) the issuance 22,793,540 options to purchase common stock of the Company to Socialcom directors, officers, employees and consultants under the Company’s 2023 Equity Incentive Plan in exchange for the cancellation of 2,604,976 outstanding Socialcom stock options held by such persons, and (iii) execution of the Stock Purchase Agreement (the “SPA”) for a financing resulting in gross proceeds to the Company of $1,500,000 (the “Secondary Financing”). The first tranche of the Secondary Financing, in which the Company sold 25,000 shares of Series A Convertible Preferred Stock (the “Series A”) for $750,000, closed simultaneously with the Closing of the Exchange. The second tranche of the Secondary Financing in which the Company sold an additional 25,000 shares of Series A for an additional $750,000 closed on May 25, 2023.

Effective at the Closing, the number of directors of the Company was fixed at three, and Jason Wulfsohn and Reeve Benaron were appointed to serve on the Board of Directors. Effective upon the Closing, David Lelong tendered his resignation as the sole officer of the Company, and Jason Wulfsohn was appointed as the Company’s Chief Executive Officer. Mr. Lelong remains as a director.

Summary of Business

Socialcom continues to embrace future-first solutions, recognizing ongoing changes in the ad tech space, from data usage and privacy, to emerging technologies and platforms. The Company operates tdX, an omnichannel trading desk platform, providing unified buy-side access to the full-breadth of the ad tech ecosystem, including 24 performance platforms across programmatic, display, CTV, DOOH, and audio, along with search and social. tdX represents a holistic performance solution, unified by the company’s robust data infrastructure, delivering powerful real-time campaign learnings and cross-channel performance optimizations, along with sophisticated analytics designed to deliver scalable and sustainable campaign outcomes. Tech-enabled creative services, delivered by the Company’s internal creative team, Socialcom Studio, ensures that creative is a powerful driver of campaign success, providing differentiated, performance-oriented brand and product ad units and other digital content for deployment within customer campaigns.

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Each of these elements, seamlessly integrated within Socialcom’s tech stack, represents a unified customer acquisition and growth solution for the performance marketer, seeking a holistic advertising solution that can deliver measurable and scalable results against clearly defined business goals.

2. Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in US dollars. The Company has adopted a fiscal year end of December 31. The accompanying condensed consolidated financial statements include the accounts of Socialcom and Vado Corp. All material intercompany transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. The Company had cash of $32,946 and $133,182 and no cash equivalents as of March 31, 2024 and December 31, 2023, respectively.

Restricted Investment

The Company has a restricted investment in the amount of $1,042,418 in connection with a complaint filed by a former services provider of the Company in the amount of $2,476,926 for amounts due. The restricted investment is held in the form of a United States Treasury Bill which matures on May 16, 2024. It is the Company’s intention to hold this investment to maturity. See notes 4, 14, and 17.

Property, Plant, and Equipment

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:

	Years
Office equipment		3 to 5
Furniture & fixtures		3 to 7
Leasehold improvements	Term of lease

Repairs and maintenance expenditures are charged to operations as incurred. Major improvements and replacements, which extend the useful life of an asset, are capitalized and depreciated over the remaining estimated useful life of the asset. When assets are retired or sold, the cost and related accumulated depreciation are eliminated and any resulting gain or loss is reflected in operations.

Long-Lived Assets

The Company reviews its property and equipment and any identifiable intangibles including goodwill for impairment on an annual basis utilizing the guidance set forth in the Statement of Financial Accounting Standards Board ASC 350 “Intangibles – Goodwill and Other” and ASC 360 “Property, Plant, and Equipment.” At March 31, 2024 and December 31, 2023, the net carrying value of intangible assets on the Company’s balance sheet was $89,672 and $110,425, respectively.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts and other accounts, the balances of which at times may be uninsured or exceed federally insured limits. From time to time, some of the Company’s funds are also held by escrow agents; these funds may not be federally insured. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts.

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Advertising and Marketing Costs

All costs associated with advertising and promoting products are expensed as incurred. Total recognized advertising and marketing expenses were $35,217 and $44,721 for the three months ended March 31, 2024 and 2023, respectively.

Fair Value of Financial Instruments

Pursuant to Accounting Standards Codification (“ASC”) No. 825 - Financial Instruments, the Company is required to estimate the fair value of all financial instruments included on its balance sheets. The carrying amounts of the Company’s cash and cash equivalents, notes receivable, convertible notes payable, accounts payable and accrued expenses, none of which is held for trading, approximate their estimated fair values due to the short-term maturities of those financial instruments.

A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.

Level 3 - Significant unobservable inputs that cannot be corroborated by market data.

Capitalized Software Development Costs

The Company capitalizes certain costs associated with creating and enhancing internally developed software related to the development of the Company’s platform solution. These costs include third party development expenses for that are directly associated with and devote time to software development projects. Software development costs that do not qualify for capitalization, as further discussed below, are expensed as incurred and recorded in operating expenses in the consolidated statements of operations.

The Company’s customers do not take possession of the software and cannot run the software on their own hardware. For these reasons, pursuant to ASC 985-20 Costs of Software to Be Sold, Leased, or Marketed (“ASC 982-20”), the software is considered a software hosting arrangement and the Company applied the guidance of ASC 350-40 Intangibles – Goodwill and Other: Internal Use Software” (“ASC 350-40"). Pursuant to ASC 350-40, software development activities typically consist of three stages: (1) the planning phase; (2) the application and infrastructure development stage; and (3) the post-implementation stage. Costs incurred in the planning and post implementation phases, including costs associated with the post-configuration training and repairs and maintenance of the developed technologies, are expensed as incurred. The Company capitalizes costs associated with software developed when the preliminary project stage is completed, management implicitly or explicitly authorizes and commits to funding the project and it is probable that the project will be completed and perform as intended. Costs incurred in the application and infrastructure development phases, including significant enhancements and upgrades, are capitalized. Capitalization ends once a project is substantially complete and the software is ready for its intended purpose. Software development costs are amortized using a straight-line method over the estimated useful life of three years, commencing when the software is ready for its intended use. The straight-line recognition method approximates the manner in which the expected benefit will be derived.

Operating Leases

The Company accounts for its leasing arrangements by applying the guidance of Accounting Standards Update No. 2016-02, Leases (Topic 842), (“ASU 2016-02”). The Company enters into operating leases for its office space. The Company does not have finance leases.

The Company determines if an arrangement is, or contains, a lease at inception. Operating lease assets represent the Company’s right to control the use of an identified asset for a period of time, or term, in exchange for consideration, and operating lease liabilities represent its obligation to make lease payments arising from the aforementioned right.

Operating lease assets and liabilities are initially recorded based on the present value of lease payments over the lease term, which includes the minimum unconditional term of the lease, and may include options to extend or terminate the lease when it is reasonably certain at the commencement date that such options will be exercised. As the rate implicit for each of the Company’s leases is not readily determinable, the Company uses its incremental borrowing rate, based on the information available at the lease commencement date in determining the present value of its expected lease payments. The Company has elected to not separate lease and non-lease components.

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Operating lease assets are amortized on a straight-line basis in operating lease expense over the lease term on the consolidated statements of operations. The related amortization, along with the change in the operating lease liabilities, are separately presented within the cash flows from operating activities on the consolidated statements of cash flows. The Company records lease expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the lease term.

Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property services fees and other factors.

Refer to Note 8 for additional information.

Revenue Recognition

The Company generates its revenue by providing marketers and advertising agencies with the ability to deliver digital marketing and marketing-related solutions. The Company’s primary business is to deliver omnichannel programmatic, paid search, and paid social advertising services for its customers. The Company also does a limited amount of marketing-related project work for customers, including creative services, and also has a reseller solution with a partner. This results in the following revenue streams:

● Programmatic Solutions

● Paid Search & Social Solutions

● Services Revenue

● Self-Serve Revenue

The Company applies a five-step approach as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606: Revenue from Contracts with Customers (“ASC 606”) in determining the amount and timing of revenue to be recognized:

● Identification of a contract with a customer;

● Identification of the performance obligation in the contract;

● Determination of the transaction price;

● Allocation of the transaction price to the performance obligations in the contract; and

● Recognition of revenue when or as the performance obligations are satisfied.

The determination of whether revenue should be reported on a gross or a net basis is based upon an assessment of whether we are acting as the principal or agent in the transaction based upon the guidance in ASC 606. Making such determinations involves judgment and is based on an evaluation of the terms of each arrangement, none of which are considered presumptive or determinative. We act as a principal and recognize revenue on a gross basis if (i) we control the advertising inventory before it is transferred to our clients; (ii) we bear sole responsibility for fulfillment of the advertising promise and inventory risks and (iii) we have full discretion in establishing prices. We applied the guidance of ASC 606 to our revenue streams as follows:

Programmatic Solutions: Programmatic revenue consists of delivering our customer’s budget programmatically through our trading desk model, where multiple Demand Side Platforms (“DSP”) are utilized to deliver advertising budgets as paid impressions. The Company, through its deep understanding of DSP platforms, transacts to spend customer’s budgets within the platforms to execute against customer marketing goals as efficiently and effectively as possible. In this arrangement, our team will perform all of the setup, activation, strategy, tactic building, implementation and delivery of the campaign through a partner platform or platforms. We enter into an Insertion Order / Media Plan (“IO”) with all Programmatic customers. The IO states the services that are to be performed and a budget for each tactic or tactics. We bill our customers for a percentage of the total spend, and recognize revenue upon completion of the performance obligation. Because we are in control of this process and assume inventory risk, we recognize revenue on a gross basis.

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Paid Search & Social Solutions: We also enter into an IO with all Paid Search & Social customers. The IO states the services that are to be performed and a budget for each tactic. We bill our customers for a percentage of the total spend, and recognize revenue upon completion of the performance obligation. In instances where we pay the third party for inventory, we recognize revenue on a gross basis because we bear the inventory risk. In instances where the customer pays the third party, we recognize revenue on a net basis.

Services Revenue: We enter into Statement of Work (“SOW”) agreements with all Services customers. The SOW includes estimated costs to be applied against the services to be performed, and establishes payment and billing terms. Services revenue is recognized on a gross basis.

Self-Serve Revenue: Self-serve revenue consists of revenues generated through our Admatx platform, as well as through reselling access to a major enterprise DSP. Users of Admatx agree to our platform terms and conditions, and we enter into Master Services Agreements (“MSA”) with all reseller customers. The Platform Terms and Conditions and MSAs detail the work and responsibilities of each party and their respective obligations. Self-serve revenue is recognized on a net basis.

Deferred Revenue

Certain customer arrangements in the Company's business result in deferred revenues when cash payments are received in advance of performance.

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance acquired as of December 31, 2023		191,766
Cash payments received		466,376
Net sales recognized		(289,382	)
Balance as of March 31, 2024	$	368,760

Stock-Based Compensation

We recognize compensation costs to employees under FASB ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). Under FASB ASC 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation cost for stock options are estimated at the grant date based on each option’s fair-value as calculated by the Black-Scholes-Merton (“BSM”) option-pricing model. Share-based compensation arrangements may include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant.

Equity instruments issued to other than employees are recorded pursuant to the guidance contained in ASU 2018-07 (“ASU 2018-07”), Improvements to Non-employee Share-Based Payment Accounting, which simplified the accounting for share-based payments granted to non-employees for goods and services. Under the ASU 2018-07, most of the guidance on such payments to non-employees would be aligned with the requirements for share-based payments granted to employees.

Basic and Diluted Earnings or Loss Per Share

Basic net earnings per share is based on the weighted average number of shares outstanding during the period, while fully diluted net earnings per share is based on the weighted average number of shares of common stock and potentially dilutive securities assumed to be outstanding during the period using the treasury stock method. Potentially dilutive securities consist of options to purchase common stock. Basic and diluted net loss per share are computed based on the weighted average number of shares of common stock outstanding during the period. At March 31, 2024 and December 31, 2023, the Company had the following potentially dilutive instruments outstanding: a total of 21,430,640 and 21,684,635 shares, respectively, issuable upon the exercise of stock options.

The Company uses the treasury stock method to calculate the impact of outstanding stock options and warrants. Stock options for which the exercise price exceeds the average market price over the period have an anti-dilutive effect on earnings per common share and, accordingly, are excluded from the calculations. At March 31, 2024 and December 31, 2023, 21,430,640 and 21,684,635 stock options, respectively, are excluded from the calculation of fully-diluted shares outstanding.

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Income Taxes

The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The components of the deferred tax assets and liabilities are classified as current and non-current based on their characteristics. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Commitments and Contingencies

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company management may consult its legal counsel to evaluate the perceived merits of any legal proceedings or unasserted claims brought to such legal counsel’s attention as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

Recent Accounting Pronouncements

In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock, as well as amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard was effective for us on January 1, 2023. The adoption of this standard did not have a material effect on our consolidated financial statements.

There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

3. Transfer of Customers and Employees

On March 15, 2024, Socialcom Inc, a subsidiary of Vado Corp. (the “Company”), entered into an Agreement for Transfer of Customers and Employees (the “Agreement”) with a third party (the “Counterparty”). Under the Agreement, the Company acquired the customer base (comprised of 11 customers and one prospective customer) and hired 14 employees of the Counterparty, and assumed the related liabilities thereof, with an effective date on March 1, 2024 (the “Transfer Date”). The Agreement provides that the Company will receive payment for all services provided on the acquired customer accounts beginning on the Transfer Date, including customer prepayments held by the Counterparty totaling $4,164,269 for future services to be rendered on customer accounts, subject to performance of the services on such accounts and on the Counterparty’s right to offset transferred employee compensation. The customer prepayments will be determined and paid on a monthly basis.

During the three months ended March 31, 2024, the Company recorded revenue in the amount of $1,008,485 and costs in the amount of $973,235 in connection with the Agreement.

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4. Investments - Restricted

The Company has a restricted investment in the amount of $1,042,418 in connection with a complaint filed by a former services provider of the Company in the amount of $1,442,441 for amounts due. The restricted investment is held in the form of a United States Treasury Bill which matures on May 16, 2024. It is the Company’s intention to hold this investment to maturity. See notes 14 and 17.

The components of restricted investments were as follows:

	Fair		Unrealized
March 31, 2024	Value		Losses
U.S. Treasury Bill	$	1,042,040	$	(378	)

	Fair		Unrealized
December 31, 2023	Value		Losses
U.S. Treasury Bill	$	1,029,891	$	(365	)

The investment consists of one U.S. Treasury Bill with a maturity date of May 16, 2024 and original par value of $1,049,000. This instrument was purchased June 13, 2023 at a price of $1,000,786 and an original issue discount of $48,214. During the three months ended March 31, 2024, the Company recorded interest income in the amount of $13,162 in connection with this investment.

5. Accounts Receivable

Accounts receivable, net was $2,868,769 and $2,953,497 at March 31, 2024 and December 31, 2023, respectively. During the three months ended March 31, 2024 and 2023, the Company (credited) charged the amount of $(109,505) and $31,956, respectively, to bad debt expense. At March 31, 2024 and December 31, 2023, the Company maintained a reserve for doubtful accounts in the amount of $171,557 and $571,773, respectively.

On June 13, 2019, the Company entered into an accounts receivable financing and security agreement (the “Financing Agreement”) in the maximum amount of $10,000,000 whereby the Company would be advanced 85% of the gross value of accounts receivable invoices submitted to the lender for purchase. The cost of the financing consists of (i) an initial financing fee equal to one-twelfth of the net amount advanced multiplied by the facility rate, initially defined as LIBOR plus 6.5% per annum (the “Facility Rate”), and (ii) an additional financing fee consisting of one-twelfth of the amount advanced, prorated on a daily rate, multiplied by the Facility Rate. On June 11, 2021, the maximum amount available under the Financing Agreement was reduced to $5,000,000, and on June 8, 2022, the maximum amount available under the Financing Agreement was reduced to $3,000,000 and the Facility Rate was increased to LIBOR plus 7.25% per annum. On September 18, 2023, the maximum amount available under the Financing Agreement was reduced to $2,000,000 and the Facility Rate was increased to Prime Rate (defined as the higher of the highest rate as reported by the Wall Street Journal or 8.5%) plus 5% per annum. During the three months ended March 31, 2024 and 2023, the Company charged to interest expense the amount of $25,823 and $29,072, respectively, pursuant to the Financing Agreement.

Accounts receivable, net consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Accounts receivable	$	2,857,859		$	3,155,200
Due under Financing Agreement, net		182,467			370,070
Allowance for doubtful accounts		(171,557	)		(571,773	)
Total	$	2,868,769		$	2,953,497

6. Other Current Assets

Other current assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Deposits	$	-		39,792
Prepaid expenses		250,197		195,450
Total	$	250,197	$	235,242

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7. Property and Equipment

Property and equipment consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Computer equipment	$	154,019		$	151,426
Leasehold improvements		45,891			45,891
Less: accumulated depreciation		(175,800	)		(170,854	)
Property and equipment, net	$	24,110		$	26,463

The Company made payments in the amounts of $2,593 and $2,305 for property and equipment during the three months ended March 31, 2024 and 2023, respectively. Depreciation expense was $4,946 and $5,880 for the three months ended March 31, 2024 and 2023, respectively.

8. Intangible Assets

In January 2021 the Company completed the acquisition of certain assets consisting of customer contracts and customer lists (the “BigBuzz Customer Lists”) from BigBuzz Marketing Group (“BigBuzz”). The cost of the BigBuzz Customer Lists was $475,000 payable over three years (see note 10). The Company also capitalized the direct costs of this transaction in the amount of $7,462 for a total cost basis of $482,462. The BigBuzz Customer Lists are being amortized over a period of three years based on the expected customer life of the assets acquired.

The Company began to capitalize the costs of development of internal use software in August 2021, and software was first placed into service in May 2022. In 2021, the Company capitalized $43,454 of costs to develop internal use software. In 2022, the Company capitalized an additional $89,094 of costs to develop internal use software. The Company placed $31,618 of costs to develop internal use software into service and amortized the amount of $207,994 during the year ended December 31, 2023; the Company placed $5,751 of costs to develop internal use software into service and amortized the amount of $13,102 during the three months ended March 31, 2024.

The Company has $4,497 and $8,611 in capitalized software costs that have not yet been placed into service at March 31, 2024 and December 31, 2023.

Intangible assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31, 2024
			Accumulated
	Gross		Amortization			Net
Customer lists	$	482,462	$	(482,462	)	$	-
Internal use software		169,917		(80,245	)		89,672
Total	$	652,379	$	(562,707	)	$	89,672

	December 31, 2023
			Accumulated
	Gross		Amortization			Net
Customer lists	$	482,462	$	(469,060	)	$	13,402
Internal use software		164,166		(67,143	)		97,023
Total	$	646,628	$	(536,203	)	$	110,425

The Company amortized the amount of $26,504 and $51,344 during the three months ended March 31, 2024 and 2023, respectively.

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9. Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Trade accounts payable	$	3,375,987	$	2,632,999
Credit cards payable		864,920		661,676
Accrued payroll and payroll taxes		50,866		65,565
Accrued interest		270,619		195,235
Total	$	4,562,392	$	3,555,475

10. Acquisition Liabilities

In January 2021 the Company recorded a liability in the amount of $475,000 in connection with the acquisition of the BigBuzz Customer Lists, which consisted of a three-year employment agreement for each of the two founders of BigBuzz. As this was an acquisition of only certain assets consisting of customer contracts and customer lists (see note 8), no other assets were acquired that would give rise to acquisition related liabilities; there were no requirements to hire any other employees as part of the asset acquisition. The Company paid $25,000 of this amount on February 2, 2021; the remainder is payable at the rate of $12,500 per month through January 31, 2024. During the three months ended March 31, 2024 and 2023, the Company paid the amount of $12,500 and $37,500, respectively, in connection with this liability.

11. Loans Payable

	March 31, 2024		December 31, 2023
Loan payable to Decathlon dated December 31, 2019 (the “Decathlon Loan”) in the principal amount of $3,000,000. The Decathlon Loan is due June 30, 2024 and is collateralized by all the assets of the Company. The Decathlon Loan accrues interest at a variable rate based upon internal rate of return targets. The effective rate of interest for the year ended December 31, 2023 and the three months ended March 31, 2024 was approximately 17%. There are no restrictive covenants in the loan, and it is not convertible. Repayments are required based upon a fixed percentage of our earned revenue. If not repaid prior the final balance is due on June 13, 2024. The Decathlon Loan is subject to minimum interest that escalates over the term of the loan. During the three months ended September 30, 2023, the minimum interest on this loan increased by $900,000 to a total of $3,900,000. The Company accounted for the minimum interest liability as a discount on the debt. At March 31, 2024 and December 31, 2023, the potential liability for unearned minimum interest was $362,478 and $886,733, respectively. During the three months ended March 31, 2024, the Company made principal payments in the amount of $5,985 on the Decathlon loan.	$	3,968,349	$	3,459,516
Loan payable to the US Small Business Administration (the “EIDL Loan”) dated July 7, 2020 pursuant to the Small Business Administration Economic Injury Disaster Loan Program (the “EIDL”) established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in the original principal amount of $150,000. Effective March 31, 2022, the Company borrowed an additional $50,000 under the EIDL Loan and the balance due was amended to $200,000. Interest payments in the amount of $989 per month were due beginning in January 2023. The term of the EIDL Loan is 30 years, and matures on July 7, 2050; the annual interest rate is 3.75%. EIDL Loan recipients can apply for, and be granted forgiveness for, all or a portion of loans granted. During the three months ended March 31, 2024 and 2023, the Company accrued interest in the amount of $1,967 and $1,665, respectively, on the EIDL Loan.		200,000		200,000
Total	$	4,168,349	$	3,659,516
Current portion	$	3,968,349	$	3,459,516
Long-term maturities		200,000		200,000
Total	$	4,168,349	$	3,659,516

15

Aggregate maturities of loans payable as of March 31, 2024 are as follows:

For the twelve months ended March 31,

2025	$	3,968,349
2026		-
2027		2,843
2028		4,581
2029 and thereafter		192,576
Total	$	4,168,349

12. Loans Payable – Related Parties

	March 31, 2024		December 31, 2023
Loan payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, originally dated March 21, 2020 and renewed March 21, 2021, March 21, 2022, March 21, 2023 and March 31, 2024 in the amount of $300,000 bearing interest at the rate of 15% and due March 21, 2025 (“March 2021 Loan 1”). During the three months ended March 31, 2024 and 2023, the Company made interest payments of $11,250 on the March 2021 Loan 1.	$	300,000	$	300,000
Loan payable to an entity affiliated to Reeve Benaron, the Company’s Chairman, originally dated March 21, 2020 and renewed March 21, 2021, March 21, 2022, March 11, 2023 and March 31, 2024 in the amount of $300,000 bearing interest at the rate of 15% and due March 21, 2025 (the “March 2021 Loan 2”). During the three months ended March 31, 2024 and 2023, the Company made interest payments of $11,250 on the March 2021 Loan 2.		300,000		300,000
Loan payable to an entity affiliated to Reeve Benaron, the Company’s Chairman and a principal stockholder, dated June 20, 2022 in the amount of $500,000 bearing interest at the rate of 2.19% and due December 31, 2024 (the “June 2022 Loan”). The June 2022 Loan is payable in eighteen monthly installments of $28,889 beginning on July 20, 2023. On November 13, 2023, the June 2022 Loan was amended to the loan being payable in eighteen monthly installments of $31,354 beginning on July 20, 2024, and the interest rate on the loan was increased to 8.25%. During the three months ended March 31, 2024 and 2023 the Company accrued interest in the amount of $10,312 and $3,737, respectively, on the June 2022 Loan.		500,000		500,000
Loan payable to Jason Wulfsohn, the Company’s CEO, in the original amount of $310,000 dated December 29, 2023, bearing interest at the rate of 7.25%, and due December 29, 2024 (the December 2023 Loan”). The Company accrued interest in the amount of $5,603 on the December 2023 loan during the three months ended March 31, 2024.		310,000		310,000
Loan payable to Jason Wulfsohn, the Company’s CEO, in the original amount of $96,000 dated March 19, 2024, bearing interest at the rate of 7.25%, and due December 29, 2024 (the “March 2024 Loan”). The Company accrued interest in the amount of $229 on the March 2024 loan during three months ended March 31, 2024.		96,000		-
Total	$	1,506,000	$	1,410,000
Current portion	$	1,178,240	$	996,700
Long-term maturities		327,760		413,300
Total	$	1,506,000	$	1,410,000

Aggregate maturities of loans payable – related parties as of March 31, 2024 are as follows:

For the twelve months ended March 31,

2025	$	1,178,240
2026		267,351
2027		60,409
Total	$	1,506,000

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13. Convertible Note Payable – Related Party

	March 31, 2024		December 31, 2023
Convertible promissory note payable to an entity affiliated to Reeve Benaron, the Company’s Chairman and a principal shareholder, dated February 7, 2023 in the amount of $800,000 bearing interest at the rate of 7.25% and due December 31, 2023 (the “February Convertible Note”). The February Convertible Note is convertible into common stock of the Company at a price of $2.04 per share. The Company recorded a beneficial conversion feature in the amount $215,686 in connection with the February Convertible Note which was amortized to interest expense during the year ended December 31, 2023. During the three months ended March 31, 2024 and 2023, the Company accrued interest in the amount of $14,397 and $8,603, respectively, on the February Convertible Note.	$	800,000	$	800,000
Convertible promissory note payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, dated May 12, 2023, in the amount of $1,300,000 bearing interest at the rate of 7.25% and due December 31, 2025 (the “May Convertible Note”). The May Convertible Note is convertible into common stock of the Company at a price of $0.32 per share. The Company recorded a beneficial conversion feature in the amount $325,000 in connection with the May Convertible Note; $77,783 of this amount was amortized to interest expense during the year ended December 31, 2023. During the three months ended March 31, 2024, the remaining discount in the amount of $247,217 was charged to additional paid-in capital upon the Company’s implementation of ASU 2020-06. During the three months ended March 31, 2024, the Company accrued interest in the amount of $24,273 on the May Convertible Note.		1,300,000		1,300,000
Convertible promissory note payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, dated November 15, 2023, in the amount of $624,000 bearing interest at the rate of 8.5% and due December 31, 2025 (the “November Convertible Note”). The November Convertible Note is convertible into common stock of the Company at a price of $0.32 per share. The Company recorded a beneficial conversion feature in the amount of $156,250 in connection with the November Convertible Note. During the year ended December 31, 2023, $9,439 of the discount was amortized to interest expense. During the three months ended March 31, 2024, the remaining discount in the amount of $146,811 was charged to additional paid-in capital upon the Company’s implementation of ASU 2020-06. During the three months ended March 31, 2024, the Company accrued interest in the amount of $11,651 on the November Convertible Note.		624,000		624,000
Total	$	2,724,000	$	2,724,000
Current portion	$	800,000	$	800,000
Long-term maturities		1,924,000		1,924,000
Total	$	2,724,000	$	2,724,000

Aggregate maturities of convertible notes payable – related parties as of March 31, 2024 are as follows:

For the twelve months ended March 31,

2025	$	800,000
2026		1,924,000
Total	$	2,724,000

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14. Accrued Settlements

On December 31, 2019 the Company accrued $1,582,652 in connection with a vendor dispute. During the three months ended September 30, 2023, the Company accrued an additional $894,274 pursuant to this dispute. At March 31, 2024, the amount of $2,476,926 remains on the Company’s balance sheet as an accrued liability. The Company has investments in the amount of $1,042,418 on its balance sheet at March 31, 2024 for the purpose of funding a surety bond in connection with this liability. See note 17.

15. Stockholders’ Equity

The Company’s authorized capital stock consists of 490,000,000 shares of common stock, par value $0.001, and 10,000,000 shares of preferred stock, par value $0.001, 1,000,000 shares of which are designated as Series A Preferred Stock. The Company had 182,492,221 shares of common stock issued and outstanding as of March 31, 2024 and December 31, 2023.

Common Stock

Three months ended March 31, 2024:

No activity.

Three months ended March 31, 2023:

On February 24, 2023 the Company completed the Exchange Agreement with pursuant which to the Company issued to the Socialcom shareholders a total of 173,757,921 shares of the Company’s common stock, representing approximately 96% of the outstanding shares of common stock of the Company after giving effect to such issuance, in exchange for all of the shares of Socialcom common stock held by such Socialcom shareholders. As a result of the foregoing, Socialcom became an approximately 96.6% owned subsidiary of the Company. See note 1.

Series A Convertible Preferred Stock

The Company has designated 1,000,000 shares of Series A Convertible Preferred Stock, par value $0.001. Subject to certain limitations set forth in the Certificate of Designation of the Series A, each share of Series A is convertible into 20 shares of the Company’s common stock. The Series A is non-voting except as may be required by applicable law. The Series A also provides the holders with senior ranking with respect to the Company’s capital stock upon the occurrence of a liquidation, dissolution or winding up, and a liquidation preference in the event of the merger or consolidation of the Company in which the Company is not the surviving entity, the sale of all of the assets of the Company in a transaction which requires stockholder approval or the dissolution or winding up of the Company, in each case at the stated value of $30 per share of Series A.

Three months ended March 31, 2024:

No activity.

Three months ended March 31, 2023:

On February 24, 2023, the Company sold 25,000 shares of Series A Preferred Stock at a price of $30.00 per share for cash proceeds of $750,000 in the first tranche of a Securities Purchase Agreement entered into on January 30, 2023. The second tranche, which contemplated the sale of an additional 25,000 shares of Series A Preferred Stock for an additional $750,000, closed on May 25, 2023, the 90th day following the closing of the first tranche.

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Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company as of March 31, 2024:

						Weighted				Weighted
				Weighted		Average				Average
				Average		Exercise				Exercise
Range of		Number of		Remaining		Price of		Number of		Price of
Exercise		Options		Contractual		Outstanding		Options		Exercisable
Prices		Outstanding		Life (years)		Options		Exercisable		Options
$	0.035		350,000		2.75	$	0.035		350,000	$	0.035
$	0.086		358,750		6.50	$	0.086		301,324	$	0.086
$	0.088		2,896,250		6.98	$	0.088		1,985,699	$	0.088
$	0.094		2,008,125		8.08	$	0.094		1,367,730	$	0.094
$	0.104		12,949,212		5.82	$	0.104		12,949,212	$	0.104
$	0.295		2,924,915		9.58	$	0.295		2,662,415	$	0.295
			21,487,252		6.66	$	0.125		19,616,380	$	0.126

Transactions involving stock options are summarized as follows:

	Number of Shares			Weighted Average Exercise Price
Options outstanding at December 31, 2023		24,051,825		$	0.139
Granted		-			-
Exercised		-			-
Cancelled / Expired		(2,564,573	)		0.235
Options outstanding at March 31, 2024		21,487,252		$	0.125
Options exercisable at March 31, 2024		19,616,380		$	0.126

During the three months ended March 31, 2024 and 2023, the Company charged $16,707 and $215,048, respectively, to stock based compensation expense for stock options.

The aggregate intrinsic value of options outstanding and exercisable at March 31, 2024 and December 31, 2023 was $3,640,310 and $3,794,925, respectively. Aggregate intrinsic value represents the difference between the fair value of the Company’s stock on the last day of the fiscal period, which was $0.295 as of March 31, 2024 and December 31, 2023, and the exercise price multiplied by the number of options outstanding.

There were no options valued during the three months ended March 31, 2024. During the year ended December 31, 2023, the Company valued options using the Black-Scholes valuation model utilizing the following variables:

	December 31,
	2023
Volatility		76.03	%
Dividends	$	-
Risk-free interest rates		4.84	%
Expected term (years)		5.00

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16. Income Taxes

The Company uses the asset and liability method to account for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. If a carryforward exists, the Company decides as to whether the carryforward will be utilized in the future. Currently, a valuation allowance is established for all deferred tax assets and carryforwards as their recoverability is deemed to be uncertain. If the Company’s expectations for future operating results at the federal or at the state jurisdiction level vary from actual results due to changes in healthcare regulations, general economic conditions, or other factors, it may need to adjust the valuation allowance, for all or a portion of the Company’s deferred tax assets. The Company’s income tax expense in future periods will be reduced or increased to the extent of offsetting decreases or increases, respectively, in the Company’s valuation allowance in the period when the change in circumstances occurs. These changes could have a significant impact on the Company’s future earnings.

Income tax expense was $0 for the three months ended March 31, 2024, compared to $0 for the three months ended March 31, 2023. The annual forecasted effective income tax rate for 2023 is 0%. The Company has no net operating loss carryforward due to the change of control inherent in the Exchange Agreement (see note 1). The Company has no uncertain tax positions at March 31, 2024 or December 31, 2023.

17. Commitments and Contingencies

In June 2019, a former services provider of the Company filed a complaint in the amount of $1,442,441 for amounts due. The Company countersued for breach of agreement. During the three months ended September 30, 2023, the Company accrued an additional $894,274 pursuant to this dispute as a result a claim for an additional liability and a judgment for court costs against the Company. The Company plans to appeal this judgement which the Company believes is unlawful. The Company has recorded a liability in the amount of $2,476,926 on the balance sheet at March 31, 2024 in connection with this complaint. The Company has restricted cash in the amount of $1,042,418 for purposes of funding a surety bond in connection with this complaint. See note 14.

From time to time, the Company has become and may become involved in certain lawsuits and legal proceedings which arise in the ordinary course of business, or current or previous employees, or current or previous directors, or as a result of acquisitions and dispositions or other corporate activities. The Company intends to vigorously defend its positions. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our financial position or our business, and the outcome of these matters cannot be ultimately predicted.

18. Going Concern

As of March 31, 2024, we had unrestricted cash on hand of $(42,844) net of an overdraft in the amount of $75,790 and a working capital deficit of $9,236,127. Management believes this amount is not sufficient to meet our operating needs for the 12 months subsequent to the date of this filing. In order to meet our working capital requirements, we will need to either raise sufficient capital and/or increase revenue by executing against our various ongoing strategic growth initiatives while continuing to actively reduce, maintain, or manage our current expenditures. The Company’s ability to continue as a going concern is dependent upon its ability to improve cash flow and the ability to obtain additional financing, including debt and equity offerings. These and other listed factors cause substantial doubt about the Company’s ability to continue as a going concern.

19. Related Party Transactions

See Notes 12 and 13 for a description of related party transactions.

20. Subsequent Events

On May 10, 2024, the due date of the Decathlon Loan was extended to December 13, 2024.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Company Overview and Business Update

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business and operations following our acquisition of Socialcom, a digital marketing and services company, future trends and operating results of such business, the planned expansion of those operations into new markets and applications, characteristics and trends in the digital marketing industry and the demand for products and services we offer, our plan to search for and acquire complementary businesses and the objectives and potential impacts of those efforts, the need for and use of proceeds from one or more financings for strategic arrangements and partnerships, our future capital needs and ability to obtain financings and liquidity. All statements other than statements of historical facts contained in this report, including statements regarding our future financial position, liquidity, working capital sources, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.

The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to differ materially from these forward-looking statements include the future impact of the geopolitical conflicts in Israel and Ukraine, inflation and Federal Reserve interest rate increases in response thereto on the economy including the potential for a recession, downturn in economic activity and the capital markets and a resulting reduction in demand for our offerings, declines in expenditures for digital marketing campaigns and a trend towards in-housing those functions, our limited operating history and revenue, our ability to effectively navigate challenges posed by the complex industries we serve including the potential for rapid and unpredictable technological change, regulatory burdens and an intense competitive environment, and the delay in the launch of our Regulation A offering and any inability to raise sufficient capital therefrom. Further information on the risk factors affecting our business is contained in “Risk Factors” of our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as may be amended or supplemented from time-to-time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

Background of the Company

Vado, through Socialcom, operates as a digital marketing and services company focused on delivering integrated advertising and technology performance solutions to independent agencies and brands through its omnichannel trading desk platform.

During the fiscal year ended December 31, 2021, the Company acquired BigBuzz Marketing Group, a New York based creative digital marketing agency to expand its creative-based product and services offerings, including a focus on organic social content.

In response to a decline in customer ad purchasing which began in 2022, management has taken steps to (i) improve the employee experience and in turn improve employee retention; and (ii) enhance our product offerings and strengthen our core solutions to the middle market. More specifically, in order to drive increased customer acquisition, the Company is focused on improved market differentiation related to product development and innovation in the key three areas of: (i) predictive analytics, (ii) supply optimization, and (iii) creative automation. In 2023 we developed an industry leading, data-driven addition to our tech stack, successfully incorporating several layers of artificial intelligence (AI), predictive analytics, and automation in the application of data science, audience insights and tech-powered creative, an integrated and holistic system designed to optimize performance in real time for our brand and agency customers. We have successfully taken our new AI-powered data science solutions to market through various ongoing sales and marketing activities and are currently activating campaigns and delivering impact for both existing and new customers.

In addition, in March 2024 we obtained 11 customer accounts and 14 employees from a very large company, which includes over $4 million in prepaid amounts (and thereby potential additional revenue), in addition to the continued good will, subject to our provision of services to the new customers and to that party’s right to offset for personnel expenses.

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Moving forward, we are actively assessing the mergers and acquisitions (M&A) landscape to identify potential acquisition targets, whether creative, media or technology companies, with stable customers and revenues, that can drive improved business outcomes through integrated access to the Socialcom media services solution.

Trends and Uncertainties

Our operations and industry are subject to the following trends and uncertainties:

Seasonality

In the advertising industry, companies commonly experience seasonal fluctuations in revenue. For example, some advertisers may allocate the largest portion of their budgets to the fourth quarter of the calendar year in order to coincide with increased holiday purchasing. Historically, the fourth quarter of the year reflects our highest level of advertising activity and the first quarter reflects the lowest level of such activity. We expect our revenue to continue to fluctuate based on seasonal factors that affect the advertising industry as a whole.

Developments in the Programmatic Advertising Market

Our operating results and prospects will be impacted by the overall adoption of programmatic advertising by inventory owners and content providers, as well as advertisers and the agencies and service providers that represent them. Programmatic advertising has grown rapidly in recent years, and any acceleration or slowing of this growth may affect our operating and financial performance. In addition, even if the programmatic advertising market continues to grow at its current rate, our ability to position ourselves within the market will impact the future growth of our business.

In addition, technological and other changes and developments in the digital ad space will also affect our operations and operating results. For example, many websites including Google are expected to update or alter their privacy settings and practices in the coming years, including by eliminating “cookies” and the collection of personal identifiable information about users, for which we and our industry will need to adjust in order to maintain and grow our operations.

Growth in and Retention of Customers

Our ability to generate and maintain revenue depends on retaining our existing customers and adding new customers. Our customers consist of small-to-medium sized businesses, with spending patterns that can be inconsistent or unpredictable. We also depend on a relatively small number of customers for a large proportion of our revenue streams. As a result, future revenue and growth depends upon our ability to retain our existing customers and to gain a larger amount of their advertising spend through our platform and related services.

Labor Shortages

Because of our focus on digital advertisements and the underlying technology and infrastructure involved in those processes, as well as providing a wide variety of businesses with their digital marketing needs, our operations depend on procuring, training and maintaining skilled personnel to assist us and our customers in fulfilling these demands. In recent periods, macroeconomic factors have contributed to labor shortages in the U.S. across industries. As a result of this and other factors, in fiscal year  2022 the loss of certain personnel, including members of our sales and customer support team, adversely impacted our operating results in that period. If the tightened labor market trend continues in general or for our business in particular, this trend could persist. In fiscal year 2023, we made significant strides in optimizing our operations, which not only reduced our operating expenses but also strategically positioned us for sustained incremental growth in the upcoming year. Through a combination of streamlining initiatives and technological advancements, we have enhanced our efficiency and productivity across all departments. Our team is now more agile, our cost structure more efficient, and our business model has been refined to capitalize on emerging opportunities in digital advertising and marketing services. We are confident that the measures taken to strengthen our workforce and operational practices will continue to yield beneficial results and drive growth in fiscal year 2024.

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Omnichannel Access

Because we assist in the selection and purchase of advertising inventory across a wide variety of formats for our customers, such as display, mobile, video, audio, social and native, our future growth will depend on our ability to maintain and grow the inventory of, and customer spend on, advertising channels. For instance, as we proceed further into the digital age, new channels can arise rapidly and gain popularity within relatively short periods, diverting attention from existing channels and forcing stakeholders in the industry, including us, to adapt quickly. Further, each channel we now or may in the future access to service our customers has its own policies in terms of content and use, and we must continually monitor and adhere to these requirements to continue to access those channels for our customers. We believe that our ability to integrate and offer access to new means of digital communication, such as Connected Television (CTV), digital out-of-home (DOOH), and digital radio advertising inventory and to manage the increased costs that will accompany these developments, will impact the operating results and future growth of our business.

Results of Operations for the Three Months Ended March 31, 2024 Compared with the Three Months Ended March 31, 2023

Revenue

Revenue was $3,578,172 for the three months ended March 31, 2024, an increase of $42,933 or 1.2% compared to revenue of $3,535,239 for the three months ended March 31, 2023.

Costs of Revenue

Cost of revenue was $3,130,302 for the three months ended March 31, 2024, an increase of $790,581 or 33.8% compared to $2,339,721 during the three months ended March 31, 2023. The increase was driven primarily by larger campaign sizes with lower margin  in the period, as well as higher operational costs as a percentage of revenue related to the delivery of certain campaigns.

Our gross profit margins were 13% during the three months ended March 31, 2024 compared to 34% during the three months ended March 31, 2023. The decrease was driven primarily by an increase in lower margin revenue delivered during the three months ended March 31, 2024.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses were $1,775,234 for the three months ended March 31, 2024, a decrease of $781,255 or 30.6%, compared to $2,556,489 during the three months ended March 31, 2023. The decrease was driven primarily by a decrease in  headcount related expenses and stock-based compensation expenses during the period.

Interest Expense, Net of Interest Income

Interest expense, net of interest income was $734,337 during the three months ended March 31, 2024, an increase of $538,960 or 276%, compared to interest expense of $195,377 during the three months ended March 31, 2023. The increase was driven primarily by the amortization of the discount on the Decathlon loan and to increased principal balances under our notes payable.

Cash Flows from Operating Activities

Our cash flows from operating activities are primarily influenced by growth or decline in operations, increases or decreases in collections from our customers and related payments to suppliers for advertising media and data. Cash flows from operating activities are typically affected by changes in the components of working capital, particularly changes in accounts receivable, accounts payable, and accrued liabilities. Timing differences from cash receipts from customers and payments to suppliers have a significant impact on our cash flows from operating activities. We often pay suppliers in advance of collections from our customers. Our collection and payment cycles can vary from period to period, and we additionally expect seasonality to impact cash flows from operating activities on a quarterly basis during the year.

For the three months ended March 31, 2024, cash used in operating activities of ($172,136) resulted primarily from a net loss of ($2,048,539) adjusted for non-cash items totaling $450,079 and a net increase of $1,426,324 in the components of working capital. The $450,079 in non-cash adjustments to net income are attributable to primarily to charges of $524,590 in connection with a minimum interest liability on the Decathlon Loan; $31,499 of depreciation and amortization; and $16,707 related to employee stock-based compensation, partially offset by a $109,5050 reduction in bad debt expense and $13,162 of interest income restricted investment. The change in the components of working capital of $1,426,324 was due primarily to a $1,424,950 increase in accounts payable, with the remaining change attributable to normal operational fluctuations in current assets and current liabilities.

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For the three months ended March 31, 2023, cash used in operating activities of ($1,066,235) resulted primarily from a net loss of ($1,556,348) adjusted for non-cash items totaling $481,031 and a net increase of $9,082 in the components of working capital. The $481,031 in non-cash adjustments to net income are attributable to charges of $215,048 related to employee stock-based compensation, $142,252 for amortization of our office lease, $56,924 for depreciation and amortization, $31,956 for bad debt expense, and $34,851 for amortization of discount on convertible note payable. The change in the components of working capital of $9,082 was due to normal operational fluctuations in current assets and current liabilities.

Cash Flows Used in Investing Activities

Our primary investing activities consist primarily of the purchase of fixed assets and costs paid for the development of software to improve our platform. As our business grows, we expect our capital expenditures and our investment activity to continue to increase.

For the three months ended March 31, 2024, we used $8,434 of cash in investing activities, consisting of $5,750 invested in capitalized software and $2,593 to purchase fixed assets.

For the three months ended March 31, 2023, we used $14,311 of cash in investing activities, consisting of $12,006 invested in capitalized software and $2,305 to purchase fixed assets.

Cash Flows Provided by Financing Activities

Our financing activities consisted primarily of the sale of common and preferred stock, borrowings and repayments of our debt, proceeds from forgiveness on borrowings, proceeds from the exercise of options issued under our equity compensation plan.

For the three months ended March 31, 2024, cash provided by financing activities of $80,243 was due to $96,000 in proceeds from the issuance of notes payable to related parties, partially offset by $15,757 in principal payments on loans.

For the three months ended March 31, 2023, cash provided by financing activities of $2,037,465 was due to $800,000 in proceeds from the issuance of convertible notes payable, $750,000 in proceeds from the sale of preferred stock, $500,000 in proceeds from the sale of common stock, partially offset by $12,535 in principle payments on loans.

Non-GAAP Measures

Adjusted EBITDA

Adjusted EBITDA is a non-GAAP financial measure that we define as net income (loss) before (a) certain stock-based compensation expense, (b) costs attributable to non-recurring settlement expense, legal activity, professional fees, and other transaction and offering costs, (c) interest, (d) tax, and (e) depreciation and amortization. We use Adjusted EBITDA to evaluate the performance of our core business operations. We believe that information about Adjusted EBITDA assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

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The following table sets forth the reconciliation of Adjusted EBITDA to net loss, the most comparable GAAP financial measure for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
Adjusted Net Loss	2024			2023
Net Loss	$	(2,048,539	)	$	(1,556,348	)
Interest, net		721,175			195,377
Taxes		-			-
Depreciation and Amortization		31,449			56,924
EBITDA	$	(1,295,915	)	$	(1,304,047	)
Stock-based compensation costs		16,707			215,048
Litigation expense (1)		-			5,334
Transaction costs (2)		-			143,164
Adjusted EBITDA	$	(1,279,208	)	$	(940,501	)

1.	Relates to litigation expense specific to Zeta dispute as described in Part II. Other Information Item 1. Legal Proceedings.
2.	Relates to legal and consulting fees specific to share exchange as described in Note 1 to the financial statements contained in this report.

Liquidity and Capital Resources

As of April 8, 2024, we have unrestricted cash on hand of approximately $334,578. Management believes this amount is not sufficient to meet our operating needs for the next 12 months, and in order to meet our working capital requirements, we will need to either raise sufficient capital or reduce our expenditures. We will rely on our ability to improve operating cash flow or raise additional capital through the sale of debt or equity securities and draw on our existing credit facility, in addition to our existing cash and cash equivalents to meet our working capital requirements for at least the next 12 months.

The Company’s ability to continue as a going concern is dependent upon its ability to improve cash flow and the ability to obtain additional financing, including potentially through proceeds raised from its Regulation A offering. These and other factors substantial doubt about the Company’s ability to continue as a going concern in the following 12-month period.

Our recent and potential future financing transactions, outstanding indebtedness and other developments which will potentially impact our liquidity are summarized below.

During the year ended December 31, 2023, we recorded an increase in the minimum interest liability due on our Decathlon Loan in the amount of $900,000.

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Financing Agreements

On June 13, 2019, Socialcom entered into an accounts receivable financing and security agreement (the “Financing Agreement”) with SLR Digital Finance, LLC as the secured lender which was amended on September 18, 2023, January 31, 2024 and April 1, 2024. The Financing Agreement as amended has a current maximum amount of $2,000,000 and an interest rate per annum equal to 5% plus the “prime rate”, which is defined as the higher of the highest rate as reported by the Wall Street Journal or 8.5%. The Financing Agreement provided for an initial financing fee equal to 1/12th of the facility interest rate and additional monthly financing fees of 1/12th of the facility interest rate. The Financing Agreement is subject to an early termination fee equal to 2% of the maximum amount available under the Financing Agreement. Further, the Financing Agreement provides that Socialcom shall at all times use at least 20% of the maximum amount. The revolving credit facility under the Financing Agreement is secured by the trade accounts receivable of Socialcom and guaranteed by its assets and the assets of Vado, including the Socialcom common stock Vado holds representing 100% of the outstanding Socialcom common stock. Upon any event of default, the lender may, among other things, immediately demand repayment of all advanced amounts thereunder. The Financing Agreement provides, among other things, that the lender can immediately terminate the Financing Agreement and demand payment. In addition, Jason Wulfsohn, our Chief Executive Officer and a principal stockholder, guaranteed the loan and pledged his shares of Vado common stock to secure payment.

On December 31, 2019, Socialcom borrowed $3,000,000 (the “Decathlon Loan”). The Decathlon Loan is due December 13, 2024 and is secured by all the assets of Socialcom. The Decathlon Loan accrues interest at a variable rate based upon internal rate of return targets, which interest multiple is subject to increase by 0.015 upon an event of default. The effective rate of interest for the years ended December 31, 2023 and 2022 was approximately 17%. Repayments are required based upon a fixed percentage of our earned revenue. If not repaid prior the final balance is due on December 13, 2024. The Decathlon Loan is subject to minimum interest that escalates over the term of the loan. At March 31, 2024 and December 31, 2023, the potential liability for unearned minimum interest was $362,478 and $886,733, respectively. During the three months ended March 31, 2024, the Company made principal and interest payments in the amount $15,735 on the Decathlon loan.

Related Party Indebtedness

As disclosed in “Related Party Transactions” and in footnote 11 and 12 to our financial statements, Socialcom has a total of $4,230,000 in outstanding related party indebtedness payable to our officers and directors or affiliated entities. $600,000 of this indebtedness accrues interest at 15% and matures on March 21, 2025, $800,000 of this indebtedness accrues interest at 7.25%, matures December 31, 2024, and is convertible into our common stock at a conversion price of approximately $0.233 per share. $500,000 of this indebtedness accrues interest at the rate of 8.25% and matures in December 2025, $406,000 of this indebtedness accrued interest at the rate of 7.25% and matures December 29, 2024, with the remaining $1,924,000 accruing interest at 7.25% and maturing in December 2025. Additional details concerning certain of these loans are provided in the paragraphs that immediately follow.

On February 7, 2023, in connection with the Zeta litigation described under “Legal Proceedings,” Socialcom borrowed $800,000 from Kahala19 LLC, an entity controlled by Reeve Benaron, the Company’s director and a principal shareholder. In March 2023, we issued Kahala 19 LLC an identical note and it cancelled the Socialcom note. The principal and accrued interest on this note is convertible into the Company’s common stock at a conversion price of approximately $0.233 per share. The note as amended accrues interest at 7.25% per annum and matures on December 31, 2024. The interest rate is subject to increase to 18% upon the occurrence of an event of default.

On May 12, 2023, also in connection with the Zeta litigation, Socialcom borrowed $1,300,000 from an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director. The note accrued interest at 7.25% per annum and matures on December 31, 2025. This note is convertible into common stock of the Company at a price of $0.32 per share.

On December 29, 2023 the Company borrowed $310,000 from Jason Wulfsohn, the Company’s CEO and a director. On March 19, 2024 the Company borrowed an additional $96,000 on the same terms. The notes accrue interest at the rate of 7.25% and mature on December 29, 2024.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC. Mr. Jason Wulfsohn, our Chief Executive Officer (principal executive officer) and Mr. Steve Dang, our Vice President – Finance principal financial officer), have reviewed the effectiveness of our “disclosure controls and procedures” (as defined in the Exchange Act Rules 13(a)-15(e) and 15(d)-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q and have concluded that our disclosure controls and procedures were effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner.

Changes in Internal Controls over Financial Reporting

There have been no changes in the Company's internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

All material legal proceedings and material developments thereto have previously been disclosed.

ITEM 1A. RISK FACTORS

See the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for the Risk Factors applicable to the Company and its securities.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

During the period covered by this report, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act or any “non-Rule 10b5-1 arrangement” as defined in Item 408(c) of Regulation S-K.

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ITEM 6. EXHIBITS

		Incorporated by Reference			Filed or Furnished
Exhibit Number	Exhibit Description	Form	Date	Number	Herewith
3.1(a)	Articles of Incorporation	S-1	01/18/18	3.1
3.1(b)	Certificate of Amendment to Articles of Incorporation	10-Q	07/15/20	3.1B
3.1(c)	Certificate of Amendment to Articles of Incorporation	8-K	04/01/21	3.1
3.1(d)	Certificate of Amendment to Articles of Incorporation	10-Q	10/12/21	3.1D
3.2	Amended and Restated Bylaws	8-K	05/29/20	3.1
4.1	Certificate of Designations of Series A Convertible Preferred Stock	8-K	06/29/20	4.1
4.1(a)	Certificate of Amendment to Certificate of Designation of Series A Convertible Preferred Stock	8-K	2/21/23	4.1
10.1	Amendment to Decathlon Loan Agreement				Filed
31.1	Certification of Chief Executive Officer (Principal Executive Officer) pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)				Filed
31.2	Certification of Principal Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)				Filed
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002				Filed
101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

* Certain schedules and exhibits to this agreement have been omitted. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission upon request.

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SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Vado Corp.
Dated: May 15, 2024	By:	/s/ Jason Wulfsohn
		Jason Wulfsohn, Chief Executive Officer (Principal Executive Officer)
Dated: May 15, 2024	By:	/s/ Steve Dang
		Steve Dang, Vice President – Finance (Principal Financial Officer)

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EX-10.1

Exhibit 10.1

SECOND AMENDMENT TO

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

This Second Amendment (this “Amendment”) to that certain Amended and Restated Loan and Security Agreement, dated December 13, 2019 (as amended, the “Agreement”), as amended by the First Amendment, dated July 13, 2022, is entered into by and among Socialcom Inc., a Delaware corporation (the “Company”), Decathlon Alpha IV, L.P., a Delaware limited partnership (“Lender”), and Reeve

Benaron and Jason Wulfsohn (collectively, the “Key Persons”), effective as of May [ ], 2024 (the “Second Amendment Date”). Capitalized terms used but not defined herein have the meanings given to them in the Agreement.

The Company has requested an extension of the Maturity Date under the Agreement, and the parties intend to make certain additional amendments in connection with such extension. In connection with and as a material inducement to Lender to agree to the extension, the Company desires to make certain amendments to the Agreement as provided herein.

The Company and the Lender agree as follows:

1.    Amendments.

1.1.    Definitions. The definition of the terms “Maturity Date” and “Senior Indebtedness” are hereby amended and restated in their entirety with the respective meanings set forth below:

“Maturity Date” means the earliest of: (a) December 13, 2024, (b) immediately prior to a Change of Control, and (c) acceleration of the Obligations as provided in Article 8.”

““Senior Indebtedness” means all secured Indebtedness of Company (i) that is explicitly consented to by Lender in writing and (ii) that is owed to banks or other institutional lenders such as savings and loan associations, savings banks, life insurance companies, commercial banks, and pension funds. For the avoidance of doubt, in no case shall Senior Indebtedness include any Indebtedness to (a) a Key Person, (b) any Related Business, (c) any officer, manager, member of its Governing Body, or equity holder of Company or a Related Business, (d) any member of the extended family of any of the forgoing, (e) any entity in which any of the forgoing have a direct or indirect pecuniary interest or any of such entity’s officers, managers, members of its Governing Body, or equity holders.”

1.2.    Schedule 11.3. Schedule 11.3 to the Agremeent is hereby amended and restated with Schedule 11.3 attached hereto.

1.3.    Schedule 11.4. Schedule 11.4 to the Agremeent is hereby amended and restated with Schedule 11.4 attached hereto.

1.4.    Schedule 11.5. Schedule 11.5 to the Agremeent is hereby amended and restated with Schedule 11.5 attached hereto.

2.    Non-Waiver. This Amendment shall not constitute (i) a consent to or waiver of, any past, present or future default or Event of Default or other violation of any provision of the Agreement, (ii) an agreement or understanding to forbear at any time or for any reason, or (iii) a course of dealing or

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other basis for altering any rights or obligations of Lender under the Agreement or any obligations of the Company under the Agreement. Lender’s acceptance of any payment or performance by the Company, whether pursuant to the Agreement, this Amendment or otherwise, shall not constitute a waiver of any defaults or of any rights or remedies available to Lender under the Agreement or applicable law. No delay on the part of Lender in the exercise of any power, right or remedy available to it under the Agreement, this Amendment, or applicable law at any time shall operate as a course of dealing or waiver thereof, and no partial exercise by Lender of any power, right or remedy shall preclude other or further exercise of such powers, rights and remedies.

3.    Transaction Costs. Pursuant to Section 12.7 of the Agreement and in connection with the extension contemplated by this Amendment, the Company will reimburse Lender for all fees and expenses incurred by Lender relating to this Amendment. Lender will add $500 to the Amount Advanced and apply such amount towards Company’s obligation to pay Lender’s fees and expenses incurred in connection with this Amendment.

4.     No Other Changes. In all other respects, the Agreement remains in full force and effect.

[Signatures on following page]

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The parties have executed this Amendment as of the Second Amendment Date.

COMPANY:

SOCIALCOM INC.

By: /s/ Jason Wulfsohn                                    

      Jason Wulfsohn, Chief Executive Officer

LENDER:

DECATHLON ALPHA IV, L.P.

By: Decathlon Alpha GP IV, LLC

Its: General Partner

By: /s/ Wayne Cantwell                                   

      Wayne Cantwell, Managing Director

KEY PERSONS:

By: /s/ Reeve Benaron                                      

       Reeve Benaron

By: /s/ Jason Wulfsohn                                    

       Jason Wulfsohn

[Signature Page to Second Amendment to Amended and Restated Loan and Security Agreement]

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SCHEDULE 11.3

MINIMUM INTEREST

(a)

The “Minimum Interest” means the amount shown below in the column headed Minimum Interest opposite the applicable period during which the Payoff Date occurs:

Period During Which the Payoff Date Occurs	Minimum Interest
On or before 12 months after the Effective Date	0.45 times the Amount Advanced
After 12 months and on or before 18 months after the Effective Date	0.55 times the Amount Advanced
After 18 months and on or before 24 months after the Effective Date	0.65 times the Amount Advanced
After 24 months and on or before 30 months after the Effective Date	0.85 times the Amount Advanced
After 30 months after the Effective Date	1.05 times the Amount Advanced

For the avoidance of doubt, any increases to the Minimum Interest made pursuant to Section 8.2 of the Agreement will be cumulative and will apply throughout the remainder of the term of the Agreement for each period set forth in the table above.

(b)

If the Revenue or Reported Revenue is not equal to at least 75% of Projected Revenue (the “MI Threshold”) for any Revenue Test Period, then the Minimum Interest multiple will increase, automatically and without notice from Lender, by 0.10 throughout the remainder of the term of the Agreement for each period set forth in the table in part (a) of this Schedule 11.3. For each incremental 10% that the Projected Revenue is lower than the MI Threshold, the Minimum Interest multiple will increase, automatically and without notice from Lender, by an additional 0.05 throughout the remainder of the term of the Agreement for each period set forth in the table in part (a) of this Schedule 11.3.

If Company fails to meet the MI Threshold for two or more Revenue Test Periods, the adjustments made pursuant to part (b) of this Schedule 11.3 will be cumulative. There is no limit to the number of adjustments that may be made pursuant to part (b) of this Schedule 11.3.

SCHEDULE 11.4

PERMITTED INDEBTEDNESS

“Permitted Indebtedness” is:

(a) Company’s Indebtedness to Lender under this Agreement and the other Transaction Documents;

(b) [Intentionally omitted];

(c) unsecured Indebtedness to trade creditors incurred in the ordinary course of business;

(d) Indebtedness incurred to purchase equipment and software for use in the operation of the Company’s business; and

(e) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of Company’s business.

SCHEDULE 11.5

PERMITTED LIENS

“Permitted Liens” are:

(a)    Liens existing on the Effective Date and shown on the Perfection Certificates or arising under this Agreement and the other Transaction Documents;

(b)    Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and for which Company maintains adequate reserves on its books, provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as amended , and the Treasury Regulations adopted thereunder;

(c)    [Intentionally omitted];

(d)    statutory Liens securing claims or demands of materialmen, mechanics, carriers, warehousemen, landlords and other Persons imposed without action of such parties, provided they have no priority over any of Lender’s Lien and the aggregate amount of such Liens does not exceed $10,000 at any one time;

(e)    leases or subleases of real property granted in the ordinary course of business, if the leases, subleases, licenses and sublicenses do not prohibit granting Lender a security interest; and

(f)    banker’s liens, rights of setoff and Liens in favor of financial institutions incurred made in the ordinary course of business arising in connection with Company’s deposit accounts or securities accounts held at such institutions to secure solely payment of fees and similar costs and expenses;

(g)    Liens to secure payment of workers’ compensation, employment insurance, old-age pensions, social security and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA);

(h)    Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Section 7.4;

(i)    easements, reservations, rights-of-way, restrictions, minor defects or irregularities in title and similar charges or encumbrances affecting real property not constituting a Material Adverse Effect;

(j)    purchase money security interests granted to secure financing for equipment and software purchases;

(k)    non-exclusive licenses of intellectual property granted to third parties in the ordinary course of business; and

(l)    non-exclusive licenses of intellectual property granted to third parties in the ordinary course of business in connection with joint ventures and corporate collaborations.

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer pursuant

to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)

I, Jason Wulfsohn, certify that:

1. I have reviewed this Quarterly Report ended March 31, 2024 on Form 10-Q of Vado Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and I have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

May 15, 2024	By: /s/ Jason Wulfsohn
	Name: Jason Wulfsohn Title: Chief Executive Officer (Principal Executive Officer)

EX-31.2

Exhibit 31.2

Certification of Principal Financial Officer pursuant

to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)

I, Steve Dang, certify that:

1. I have reviewed this Quarterly Report ended March 31, 2024 on Form 10-Q of Vado Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and I have:

a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

May 15, 2024	By: /s/ Steve Dang
	Name: Steve Dang  Title: Vice President – Finance  (Principal Financial Officer)

EX-32.1

Exhibit 32.1

Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C.

Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002

In connection with the Quarterly Report of Vado Corp. (the “Company”) on Form 10-Q for the quarter ended March 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jason Wulfsohn, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

May 15, 2024	By: /s/ Jason Wulfsohn
	Name: Jason Wulfsohn Title: Chief Executive Officer (Principal Executive Officer)

In connection with the Quarterly Report of Vado Corp. (the “Company”) on Form 10-Q for the quarter ended March 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Steve Dang, Vice President – Finance of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

May 15, 2024	By: /s/ Steve Dang
	Name: Steve Dang Title: Vice President – Finance (Principal Financial Officer)

XML

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 13, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Information [Line Items]
Entity Registrant Name	Vado Corp.
Entity Central Index Key	0001700849
Entity File Number	333-222593
Entity Tax Identification Number	30-0968244
Entity Incorporation, State or Country Code	NV
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	73 Market St.
Entity Address, City or Town	Venice
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90291
Entity Phone Fax Numbers [Line Items]
City Area Code	(888)
Local Phone Number	545-0009
Entity Listings [Line Items]
Title of 12(b) Security	None
No Trading Symbol Flag	true
Entity Common Stock, Shares Outstanding		182,492,221

XML

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash	$ 32,946	$ 133,182
Investments - restricted	1,042,418	1,029,256
Accounts receivable	2,868,769	2,953,497
Other current assets	250,197	235,242
Total current assets	4,194,330	4,351,177
Property and equipment, net of accumulated depreciation of $175,800 and $170,854	24,110	26,463
Intangible assets -amortizable	89,672	110,425
Total Assets	4,308,112	4,488,065
Current liabilities
Accounts payable and accrued liabilities	4,562,392	3,555,630
Acquisition liabilities	0	12,500
Deferred revenue	368,760	191,766
Accrued settlement	2,476,926	2,476,926
Bank overdraft	75,790	0
Convertible notes payable, related party, current	800,000	800,000
Total current liabilities	13,430,457	11,493,038
Convertible notes payable, related party	1,924,000	1,529,973
Total Liabilities	15,882,217	13,636,311
Commitments and contingencies	0	0
Stockholders' equity (deficit)
Common stock, $0.001 par value, 490,000,000 shares authorized, 182,492,221 shares issued and outstanding at March 31, 2024 and December 31, 2023	182,493	182,493
Preferred stock, Series A; $0.001 par value, 1,000,000 shares authorized, 223,333 shares issued and outstanding at March 31, 2024 and December 31, 2023	223	223
Additional paid-in capital	5,491,652	5,868,972
Accumulated deficit	(17,248,473)	(15,199,934)
Total stockholders' equity (deficit)	(11,574,105)	(9,148,246)
Total liabilities and stockholders' equity (deficit)	4,308,112	4,488,065
Nonrelated Party [Member]
Current liabilities
Loans payable, current	3,968,349	3,459,516
Loans payable, related party, current	3,968,349	3,459,516
Loans payable	200,000	200,000
Loans payable, related party	200,000	200,000
Related Party [Member]
Current liabilities
Loans payable, current	1,178,240	996,700
Loans payable, related party, current	1,178,240	996,700
Loans payable	327,760	413,300
Loans payable, related party	$ 327,760	$ 413,300

XML

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Accumulated depreciation (in Dollars)	$ 175,800	$ 170,854
Common stock, shares authorized	490,000,000	490,000,000
Common stock, shares issued	182,492,221	182,492,221
Common stock, shares outstanding	182,492,221	182,492,221
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000
Preferred stock, shares issued	223,333	223,333
Preferred stock, shares outstanding	223,333	223,333
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Series A Preferred Stock [Member]
Preferred stock, shares authorized	1,000,000	1,000,000

XML

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 3,578,172	$ 3,535,239
Cost of revenue	3,130,302	2,339,721
Gross Profit	447,870	1,195,518
Operating expenses:
Selling, general and administrative	1,775,234	2,556,489
Net operating loss	(1,327,364)	(1,360,971)
Interest expense, net of interest income	(734,337)	(195,377)
Interest income, restricted investment	13,162	0
Total other expense	(721,175)	(195,377)
Net loss before provision for income taxes	(2,048,539)	(1,556,348)
Provision for income taxes	0	0
Net loss	$ (2,048,539)	$ (1,556,348)
Net loss per share - basic (in Dollars per share)	$ (0.01)	$ (0.01)
Net loss per share - diluted (in Dollars per share)	$ (0.01)	$ (0.01)
Weighted average shares outstanding - basic (in Shares)	182,492,222	179,549,853
Weighted average shares outstanding - diluted (in Shares)	182,492,222	179,549,853

XML

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (2,048,539)	$ (1,556,348)
Adjustment to reconcile net (loss) income to net cash used in operating activities:
Stock based compensation	16,707	215,048
Amortization of discount on investment	(13,162)	0
Depreciation and amortization	31,449	56,924
Amortization of ROU asset	0	142,252
Amortization of discount on convertible note payable	0	34,851
Provision for doubtful accounts	(109,505)	31,956
Minimum interest liability on loan	524,590	0
Changes in assets and liabilities:
Accounts receivable	194,233	209,660
Other current assets	(14,955)	(277,543)
Accounts payable	1,006,762	335,489
Bank overdraft	75,790	0
Deferred revenue	176,994	(3,824)
Operating lease liability	0	(154,700)
Net cash (used in) provided by operating activities	(172,136)	(1,066,235)
INVESTING ACTIVITIES
Cash paid for fixed assets	(2,593)	(2,305)
Cash paid for development of intangible assets	(5,750)	(12,006)
Net cash provided by (used in) investing activities	(8,343)	(14,311)
FINANCING ACTIVITIES
Proceeds from sale of common stock	0	500,000
Proceeds from notes payable - related parties	96,000	0
Proceeds from convertible notes payable	0	800,000
Issuance of Series A Preferred Stock for cash	0	750,000
Principal payments on loan payable	(15,757)	(12,535)
Net cash provided by (used in) financing activities	80,243	2,037,465
Net (decrease) increase in cash and cash equivalents	(100,236)	956,919
Cash and cash equivalents at beginning of period	133,182	485,053	$ 485,053
Cash and cash equivalents at end of period	32,946	1,441,972	$ 133,182
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	0	123,616
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Effect of reverse merger	0	53,308
Acquisition Liability [Member]
Changes in assets and liabilities:
Acquisition liability	(12,500)	(37,500)
Accrued settlement	(12,500)	(37,500)
Accrued Settlement Liability [Member]
Changes in assets and liabilities:
Acquisition liability	0	(62,500)
Accrued settlement	0	(62,500)
Accounting Standards Update 2020-06 [Member]
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Cumulative effect adjustment to implement ASU 2020-06	$ 394,027	$ 0

XML

Condensed Consolidated Statements of Stockholders’ Equity - USD ($)	Series A Preferred Stock [Member] Preferred Stock [Member]	Series A Preferred Stock [Member] Additional Paid-in Capital [Member]	Series A Preferred Stock [Member]	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022				$ 173,758	$ 170	$ 1,793,966	$ (6,678,294)	$ (4,710,400)
Balance (in Shares) at Dec. 31, 2022				173,757,921	170,000
Effect of reverse merger				$ 6,986		(53,308)		(46,322)
Effect of reverse merger (in Shares)				6,985,500
Share based compensation						215,048		215,048
Cumulative effect adjustment to implement ASU 2020-06 | Accounting Standards Update 2020-06 [Member]								0
Sale of stock	$ 25	$ 749,975	$ 750,000	$ 1,692		498,308		500,000
Sale of stock (in Shares)	25,000			1,692,477
Discount on convertible notes payable						215,686		215,686
Net loss							(1,556,348)	(1,556,348)
Balance at Mar. 31, 2023				$ 182,436	$ 195	3,419,675	(8,234,642)	(4,632,336)
Balance (in Shares) at Mar. 31, 2023				182,435,898	195,000
Balance at Dec. 31, 2023				$ 182,493	$ 223	5,868,972	(15,199,934)	(9,148,246)
Balance (in Shares) at Dec. 31, 2023				182,492,221	223,333
Share based compensation						16,707		16,707
Cumulative effect adjustment to implement ASU 2020-06 | Accounting Standards Update 2020-06 [Member]						(394,027)		(394,027)
Net loss							(2,048,539)	(2,048,539)
Balance at Mar. 31, 2024				$ 182,493	$ 223	$ 5,491,652	$ (17,248,473)	$ (11,574,105)
Balance (in Shares) at Mar. 31, 2024				182,492,221	223,333

XML

Organization and Business

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. Organization and Business

Our History

In 2013 co-founders Reeve Benaron and Jason Wulfsohn formed Socialcom Inc (“Socialcom”) by bringing together three businesses they held: a creative agency, a digital performance agency, and a demand side platform (DSP) or programmatic media-buying platform. The core areas of expertise represented by each of these companies - creative and brand building, performance marketing and ad tech - still defines Socialcom’s unique competitive advantage today, as it continues to lean into full-funnel and omnichannel performance solutions for independent agencies and brands. During the last 10 years Socialcom has experienced significant achievements in terms of growth, market relevance, and product innovation, evidenced by an array of prestigious industry awards, including being named one of the fastest-growing companies in America by Deloitte, The Financial Times and the Los Angeles Business Journal, as well ranking on the Inc. 5000 list for four consecutive years, starting in 2019 and most recently in 2022. In 2021 Socialcom was an AdExchanger finalist for Best Programmatic Capabilities, a W3 Silver Award winner for best integrated campaign and in 2022 Socialcom VP of Partnership Solutions, Danielle Gale, was honored by Cynoposis as one of the Top Women in Media. Socialcom is the operating subsidiary of Vado Corp (the “Company,” “Vado,” “we,” “our” and “us”), which we acquired in the share exchange described below. Since 2023 the Company has been focused on developing powerful data science and predictive analytics solutions, through AXi, it’s proprietary suite of audience intelligence tools, that can help deliver significantly improved performance outcomes for their brand and agency clients, driving differentiation for their tech stack and competitive advantage for their clients.

Share Exchange

On February 24, 2023 the Company completed the share exchange (the “Exchange”) contemplated by the Share Exchange Agreement (the “Exchange Agreement”) dated January 30, 2023 with Socialcom and the stockholders of Socialcom signatory thereto (the “Closing”). Pursuant to the Closing of the Exchange, the Company issued the Socialcom stockholders signatory thereto a total of 169,434,640 shares of the Company’s common stock, representing approximately 96% of the shares of the Company’s outstanding common stock after giving effect to such issuance, in exchange for all of the shares of Socialcom common stock held by such Socialcom stockholders. As a result of the Closing of the Exchange, Socialcom became an approximately 96.6% owned subsidiary of the Company.

In connection with the Exchange, the Company also agreed to the following: (i) the cancellation of 93 million shares of common stock held by David Lelong, a director of the Company who at that time was also the Company’s sole officer, which cancellation was effected at the Closing, (ii) the issuance 22,793,540 options to purchase common stock of the Company to Socialcom directors, officers, employees and consultants under the Company’s 2023 Equity Incentive Plan in exchange for the cancellation of 2,604,976 outstanding Socialcom stock options held by such persons, and (iii) execution of the Stock Purchase Agreement (the “SPA”) for a financing resulting in gross proceeds to the Company of $1,500,000 (the “Secondary Financing”). The first tranche of the Secondary Financing, in which the Company sold 25,000 shares of Series A Convertible Preferred Stock (the “Series A”) for $750,000, closed simultaneously with the Closing of the Exchange. The second tranche of the Secondary Financing in which the Company sold an additional 25,000 shares of Series A for an additional $750,000 closed on May 25, 2023.

Effective at the Closing, the number of directors of the Company was fixed at three, and Jason Wulfsohn and Reeve Benaron were appointed to serve on the Board of Directors. Effective upon the Closing, David Lelong tendered his resignation as the sole officer of the Company, and Jason Wulfsohn was appointed as the Company’s Chief Executive Officer. Mr. Lelong remains as a director.

Summary of Business

Socialcom continues to embrace future-first solutions, recognizing ongoing changes in the ad tech space, from data usage and privacy, to emerging technologies and platforms. The Company operates tdX, an omnichannel trading desk platform, providing unified buy-side access to the full-breadth of the ad tech ecosystem, including 24 performance platforms across programmatic, display, CTV, DOOH, and audio, along with search and social. tdX represents a holistic performance solution, unified by the company’s robust data infrastructure, delivering powerful real-time campaign learnings and cross-channel performance optimizations, along with sophisticated analytics designed to deliver scalable and sustainable campaign outcomes. Tech-enabled creative services, delivered by the Company’s internal creative team, Socialcom Studio, ensures that creative is a powerful driver of campaign success, providing differentiated, performance-oriented brand and product ad units and other digital content for deployment within customer campaigns.

Each of these elements, seamlessly integrated within Socialcom’s tech stack, represents a unified customer acquisition and growth solution for the performance marketer, seeking a holistic advertising solution that can deliver measurable and scalable results against clearly defined business goals.

XML

Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in US dollars. The Company has adopted a fiscal year end of December 31. The accompanying condensed consolidated financial statements include the accounts of Socialcom and Vado Corp. All material intercompany transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. The Company had cash of $32,946 and $133,182 and no cash equivalents as of March 31, 2024 and December 31, 2023, respectively.

Restricted Investment

The Company has a restricted investment in the amount of $1,042,418 in connection with a complaint filed by a former services provider of the Company in the amount of $2,476,926 for amounts due. The restricted investment is held in the form of a United States Treasury Bill which matures on May 16, 2024. It is the Company’s intention to hold this investment to maturity. See notes 4, 14, and 17.

Property, Plant, and Equipment

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:

	Years
Office equipment		3 to 5
Furniture & fixtures		3 to 7
Leasehold improvements	Term of lease

Repairs and maintenance expenditures are charged to operations as incurred. Major improvements and replacements, which extend the useful life of an asset, are capitalized and depreciated over the remaining estimated useful life of the asset. When assets are retired or sold, the cost and related accumulated depreciation are eliminated and any resulting gain or loss is reflected in operations.

Long-Lived Assets

The Company reviews its property and equipment and any identifiable intangibles including goodwill for impairment on an annual basis utilizing the guidance set forth in the Statement of Financial Accounting Standards Board ASC 350 “Intangibles – Goodwill and Other” and ASC 360 “Property, Plant, and Equipment.” At March 31, 2024 and December 31, 2023, the net carrying value of intangible assets on the Company’s balance sheet was $89,672 and $110,425, respectively.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts and other accounts, the balances of which at times may be uninsured or exceed federally insured limits. From time to time, some of the Company’s funds are also held by escrow agents; these funds may not be federally insured. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts.

Advertising and Marketing Costs

All costs associated with advertising and promoting products are expensed as incurred. Total recognized advertising and marketing expenses were $35,217 and $44,721 for the three months ended March 31, 2024 and 2023, respectively.

Fair Value of Financial Instruments

Pursuant to Accounting Standards Codification (“ASC”) No. 825 - Financial Instruments, the Company is required to estimate the fair value of all financial instruments included on its balance sheets. The carrying amounts of the Company’s cash and cash equivalents, notes receivable, convertible notes payable, accounts payable and accrued expenses, none of which is held for trading, approximate their estimated fair values due to the short-term maturities of those financial instruments.

A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.

Level 3 - Significant unobservable inputs that cannot be corroborated by market data.

Capitalized Software Development Costs

The Company capitalizes certain costs associated with creating and enhancing internally developed software related to the development of the Company’s platform solution. These costs include third party development expenses for that are directly associated with and devote time to software development projects. Software development costs that do not qualify for capitalization, as further discussed below, are expensed as incurred and recorded in operating expenses in the consolidated statements of operations.

The Company’s customers do not take possession of the software and cannot run the software on their own hardware. For these reasons, pursuant to ASC 985-20 Costs of Software to Be Sold, Leased, or Marketed (“ASC 982-20”), the software is considered a software hosting arrangement and the Company applied the guidance of ASC 350-40 Intangibles – Goodwill and Other: Internal Use Software” (“ASC 350-40"). Pursuant to ASC 350-40, software development activities typically consist of three stages: (1) the planning phase; (2) the application and infrastructure development stage; and (3) the post-implementation stage. Costs incurred in the planning and post implementation phases, including costs associated with the post-configuration training and repairs and maintenance of the developed technologies, are expensed as incurred. The Company capitalizes costs associated with software developed when the preliminary project stage is completed, management implicitly or explicitly authorizes and commits to funding the project and it is probable that the project will be completed and perform as intended. Costs incurred in the application and infrastructure development phases, including significant enhancements and upgrades, are capitalized. Capitalization ends once a project is substantially complete and the software is ready for its intended purpose. Software development costs are amortized using a straight-line method over the estimated useful life of three years, commencing when the software is ready for its intended use. The straight-line recognition method approximates the manner in which the expected benefit will be derived.

Operating Leases

The Company accounts for its leasing arrangements by applying the guidance of Accounting Standards Update No. 2016-02, Leases (Topic 842), (“ASU 2016-02”). The Company enters into operating leases for its office space. The Company does not have finance leases.

The Company determines if an arrangement is, or contains, a lease at inception. Operating lease assets represent the Company’s right to control the use of an identified asset for a period of time, or term, in exchange for consideration, and operating lease liabilities represent its obligation to make lease payments arising from the aforementioned right.

Operating lease assets and liabilities are initially recorded based on the present value of lease payments over the lease term, which includes the minimum unconditional term of the lease, and may include options to extend or terminate the lease when it is reasonably certain at the commencement date that such options will be exercised. As the rate implicit for each of the Company’s leases is not readily determinable, the Company uses its incremental borrowing rate, based on the information available at the lease commencement date in determining the present value of its expected lease payments. The Company has elected to not separate lease and non-lease components.

Operating lease assets are amortized on a straight-line basis in operating lease expense over the lease term on the consolidated statements of operations. The related amortization, along with the change in the operating lease liabilities, are separately presented within the cash flows from operating activities on the consolidated statements of cash flows. The Company records lease expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the lease term.

Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property services fees and other factors.

Refer to Note 8 for additional information.

Revenue Recognition

The Company generates its revenue by providing marketers and advertising agencies with the ability to deliver digital marketing and marketing-related solutions. The Company’s primary business is to deliver omnichannel programmatic, paid search, and paid social advertising services for its customers. The Company also does a limited amount of marketing-related project work for customers, including creative services, and also has a reseller solution with a partner. This results in the following revenue streams:

● Programmatic Solutions

● Paid Search & Social Solutions

● Services Revenue

● Self-Serve Revenue

The Company applies a five-step approach as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606: Revenue from Contracts with Customers (“ASC 606”) in determining the amount and timing of revenue to be recognized:

● Identification of a contract with a customer;

● Identification of the performance obligation in the contract;

● Determination of the transaction price;

● Allocation of the transaction price to the performance obligations in the contract; and

● Recognition of revenue when or as the performance obligations are satisfied.

The determination of whether revenue should be reported on a gross or a net basis is based upon an assessment of whether we are acting as the principal or agent in the transaction based upon the guidance in ASC 606. Making such determinations involves judgment and is based on an evaluation of the terms of each arrangement, none of which are considered presumptive or determinative. We act as a principal and recognize revenue on a gross basis if (i) we control the advertising inventory before it is transferred to our clients; (ii) we bear sole responsibility for fulfillment of the advertising promise and inventory risks and (iii) we have full discretion in establishing prices. We applied the guidance of ASC 606 to our revenue streams as follows:

Programmatic Solutions: Programmatic revenue consists of delivering our customer’s budget programmatically through our trading desk model, where multiple Demand Side Platforms (“DSP”) are utilized to deliver advertising budgets as paid impressions. The Company, through its deep understanding of DSP platforms, transacts to spend customer’s budgets within the platforms to execute against customer marketing goals as efficiently and effectively as possible. In this arrangement, our team will perform all of the setup, activation, strategy, tactic building, implementation and delivery of the campaign through a partner platform or platforms. We enter into an Insertion Order / Media Plan (“IO”) with all Programmatic customers. The IO states the services that are to be performed and a budget for each tactic or tactics. We bill our customers for a percentage of the total spend, and recognize revenue upon completion of the performance obligation. Because we are in control of this process and assume inventory risk, we recognize revenue on a gross basis.

Paid Search & Social Solutions: We also enter into an IO with all Paid Search & Social customers. The IO states the services that are to be performed and a budget for each tactic. We bill our customers for a percentage of the total spend, and recognize revenue upon completion of the performance obligation. In instances where we pay the third party for inventory, we recognize revenue on a gross basis because we bear the inventory risk. In instances where the customer pays the third party, we recognize revenue on a net basis.

Services Revenue: We enter into Statement of Work (“SOW”) agreements with all Services customers. The SOW includes estimated costs to be applied against the services to be performed, and establishes payment and billing terms. Services revenue is recognized on a gross basis.

Self-Serve Revenue: Self-serve revenue consists of revenues generated through our Admatx platform, as well as through reselling access to a major enterprise DSP. Users of Admatx agree to our platform terms and conditions, and we enter into Master Services Agreements (“MSA”) with all reseller customers. The Platform Terms and Conditions and MSAs detail the work and responsibilities of each party and their respective obligations. Self-serve revenue is recognized on a net basis.

Deferred Revenue

Certain customer arrangements in the Company's business result in deferred revenues when cash payments are received in advance of performance.

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance acquired as of December 31, 2023		191,766
Cash payments received		466,376
Net sales recognized		(289,382	)
Balance as of March 31, 2024	$	368,760

Stock-Based Compensation

We recognize compensation costs to employees under FASB ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). Under FASB ASC 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation cost for stock options are estimated at the grant date based on each option’s fair-value as calculated by the Black-Scholes-Merton (“BSM”) option-pricing model. Share-based compensation arrangements may include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant.

Equity instruments issued to other than employees are recorded pursuant to the guidance contained in ASU 2018-07 (“ASU 2018-07”), Improvements to Non-employee Share-Based Payment Accounting, which simplified the accounting for share-based payments granted to non-employees for goods and services. Under the ASU 2018-07, most of the guidance on such payments to non-employees would be aligned with the requirements for share-based payments granted to employees.

Basic and Diluted Earnings or Loss Per Share

Basic net earnings per share is based on the weighted average number of shares outstanding during the period, while fully diluted net earnings per share is based on the weighted average number of shares of common stock and potentially dilutive securities assumed to be outstanding during the period using the treasury stock method. Potentially dilutive securities consist of options to purchase common stock. Basic and diluted net loss per share are computed based on the weighted average number of shares of common stock outstanding during the period. At March 31, 2024 and December 31, 2023, the Company had the following potentially dilutive instruments outstanding: a total of 21,430,640 and 21,684,635 shares, respectively, issuable upon the exercise of stock options.

The Company uses the treasury stock method to calculate the impact of outstanding stock options and warrants. Stock options for which the exercise price exceeds the average market price over the period have an anti-dilutive effect on earnings per common share and, accordingly, are excluded from the calculations. At March 31, 2024 and December 31, 2023, 21,430,640 and 21,684,635 stock options, respectively, are excluded from the calculation of fully-diluted shares outstanding.

Income Taxes

The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The components of the deferred tax assets and liabilities are classified as current and non-current based on their characteristics. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Commitments and Contingencies

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company management may consult its legal counsel to evaluate the perceived merits of any legal proceedings or unasserted claims brought to such legal counsel’s attention as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

Recent Accounting Pronouncements

In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock, as well as amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard was effective for us on January 1, 2023. The adoption of this standard did not have a material effect on our consolidated financial statements.

There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

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Transfer of Customers and Employees

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Collaborative Arrangement Disclosure [Text Block]

3. Transfer of Customers and Employees

On March 15, 2024, Socialcom Inc, a subsidiary of Vado Corp. (the “Company”), entered into an Agreement for Transfer of Customers and Employees (the “Agreement”) with a third party (the “Counterparty”). Under the Agreement, the Company acquired the customer base (comprised of 11 customers and one prospective customer) and hired 14 employees of the Counterparty, and assumed the related liabilities thereof, with an effective date on March 1, 2024 (the “Transfer Date”). The Agreement provides that the Company will receive payment for all services provided on the acquired customer accounts beginning on the Transfer Date, including customer prepayments held by the Counterparty totaling $4,164,269 for future services to be rendered on customer accounts, subject to performance of the services on such accounts and on the Counterparty’s right to offset transferred employee compensation. The customer prepayments will be determined and paid on a monthly basis.

During the three months ended March 31, 2024, the Company recorded revenue in the amount of $1,008,485 and costs in the amount of $973,235 in connection with the Agreement.

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Investments - Restricted

3 Months Ended

Mar. 31, 2024

Disclosure Text Block Supplement [Abstract]

Investment [Text Block]

4. Investments - Restricted

The Company has a restricted investment in the amount of $1,042,418 in connection with a complaint filed by a former services provider of the Company in the amount of $1,442,441 for amounts due. The restricted investment is held in the form of a United States Treasury Bill which matures on May 16, 2024. It is the Company’s intention to hold this investment to maturity. See notes 14 and 17.

The components of restricted investments were as follows:

	Fair		Unrealized
March 31, 2024	Value		Losses
U.S. Treasury Bill	$	1,042,040	$	(378	)

	Fair		Unrealized
December 31, 2023	Value		Losses
U.S. Treasury Bill	$	1,029,891	$	(365	)

The investment consists of one U.S. Treasury Bill with a maturity date of May 16, 2024 and original par value of $1,049,000. This instrument was purchased June 13, 2023 at a price of $1,000,786 and an original issue discount of $48,214. During the three months ended March 31, 2024, the Company recorded interest income in the amount of $13,162 in connection with this investment.

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Accounts Receivable

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

5. Accounts Receivable

Accounts receivable, net was $2,868,769 and $2,953,497 at March 31, 2024 and December 31, 2023, respectively. During the three months ended March 31, 2024 and 2023, the Company (credited) charged the amount of $(109,505) and $31,956, respectively, to bad debt expense. At March 31, 2024 and December 31, 2023, the Company maintained a reserve for doubtful accounts in the amount of $171,557 and $571,773, respectively.

On June 13, 2019, the Company entered into an accounts receivable financing and security agreement (the “Financing Agreement”) in the maximum amount of $10,000,000 whereby the Company would be advanced 85% of the gross value of accounts receivable invoices submitted to the lender for purchase. The cost of the financing consists of (i) an initial financing fee equal to one-twelfth of the net amount advanced multiplied by the facility rate, initially defined as LIBOR plus 6.5% per annum (the “Facility Rate”), and (ii) an additional financing fee consisting of one-twelfth of the amount advanced, prorated on a daily rate, multiplied by the Facility Rate. On June 11, 2021, the maximum amount available under the Financing Agreement was reduced to $5,000,000, and on June 8, 2022, the maximum amount available under the Financing Agreement was reduced to $3,000,000 and the Facility Rate was increased to LIBOR plus 7.25% per annum. On September 18, 2023, the maximum amount available under the Financing Agreement was reduced to $2,000,000 and the Facility Rate was increased to Prime Rate (defined as the higher of the highest rate as reported by the Wall Street Journal or 8.5%) plus 5% per annum. During the three months ended March 31, 2024 and 2023, the Company charged to interest expense the amount of $25,823 and $29,072, respectively, pursuant to the Financing Agreement.

Accounts receivable, net consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Accounts receivable	$	2,857,859		$	3,155,200
Due under Financing Agreement, net		182,467			370,070
Allowance for doubtful accounts		(171,557	)		(571,773	)
Total	$	2,868,769		$	2,953,497

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Other Current Assets

3 Months Ended

Mar. 31, 2024

Disclosure Text Block Supplement [Abstract]

Other Current Assets [Text Block]

6. Other Current Assets

Other current assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Deposits	$	-		39,792
Prepaid expenses		250,197		195,450
Total	$	250,197	$	235,242

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Property and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

7. Property and Equipment

Property and equipment consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Computer equipment	$	154,019		$	151,426
Leasehold improvements		45,891			45,891
Less: accumulated depreciation		(175,800	)		(170,854	)
Property and equipment, net	$	24,110		$	26,463

The Company made payments in the amounts of $2,593 and $2,305 for property and equipment during the three months ended March 31, 2024 and 2023, respectively. Depreciation expense was $4,946 and $5,880 for the three months ended March 31, 2024 and 2023, respectively.

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Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

8. Intangible Assets

In January 2021 the Company completed the acquisition of certain assets consisting of customer contracts and customer lists (the “BigBuzz Customer Lists”) from BigBuzz Marketing Group (“BigBuzz”). The cost of the BigBuzz Customer Lists was $475,000 payable over three years (see note 10). The Company also capitalized the direct costs of this transaction in the amount of $7,462 for a total cost basis of $482,462. The BigBuzz Customer Lists are being amortized over a period of three years based on the expected customer life of the assets acquired.

The Company began to capitalize the costs of development of internal use software in August 2021, and software was first placed into service in May 2022. In 2021, the Company capitalized $43,454 of costs to develop internal use software. In 2022, the Company capitalized an additional $89,094 of costs to develop internal use software. The Company placed $31,618 of costs to develop internal use software into service and amortized the amount of $207,994 during the year ended December 31, 2023; the Company placed $5,751 of costs to develop internal use software into service and amortized the amount of $13,102 during the three months ended March 31, 2024.

The Company has $4,497 and $8,611 in capitalized software costs that have not yet been placed into service at March 31, 2024 and December 31, 2023.

Intangible assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31, 2024
			Accumulated
	Gross		Amortization			Net
Customer lists	$	482,462	$	(482,462	)	$	-
Internal use software		169,917		(80,245	)		89,672
Total	$	652,379	$	(562,707	)	$	89,672

	December 31, 2023
			Accumulated
	Gross		Amortization			Net
Customer lists	$	482,462	$	(469,060	)	$	13,402
Internal use software		164,166		(67,143	)		97,023
Total	$	646,628	$	(536,203	)	$	110,425

The Company amortized the amount of $26,504 and $51,344 during the three months ended March 31, 2024 and 2023, respectively.

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Accounts Payable and Accrued Liabilities

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

9. Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Trade accounts payable	$	3,375,987	$	2,632,999
Credit cards payable		864,920		661,676
Accrued payroll and payroll taxes		50,866		65,565
Accrued interest		270,619		195,235
Total	$	4,562,392	$	3,555,475

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Acquisition Liabilities

3 Months Ended

Mar. 31, 2024

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

10. Acquisition Liabilities

In January 2021 the Company recorded a liability in the amount of $475,000 in connection with the acquisition of the BigBuzz Customer Lists, which consisted of a three-year employment agreement for each of the two founders of BigBuzz. As this was an acquisition of only certain assets consisting of customer contracts and customer lists (see note 8), no other assets were acquired that would give rise to acquisition related liabilities; there were no requirements to hire any other employees as part of the asset acquisition. The Company paid $25,000 of this amount on February 2, 2021; the remainder is payable at the rate of $12,500 per month through January 31, 2024. During the three months ended March 31, 2024 and 2023, the Company paid the amount of $12,500 and $37,500, respectively, in connection with this liability.

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Loans Payable

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

11. Loans Payable

	March 31, 2024		December 31, 2023
Loan payable to Decathlon dated December 31, 2019 (the “Decathlon Loan”) in the principal amount of $3,000,000. The Decathlon Loan is due June 30, 2024 and is collateralized by all the assets of the Company. The Decathlon Loan accrues interest at a variable rate based upon internal rate of return targets. The effective rate of interest for the year ended December 31, 2023 and the three months ended March 31, 2024 was approximately 17%. There are no restrictive covenants in the loan, and it is not convertible. Repayments are required based upon a fixed percentage of our earned revenue. If not repaid prior the final balance is due on June 13, 2024. The Decathlon Loan is subject to minimum interest that escalates over the term of the loan. During the three months ended September 30, 2023, the minimum interest on this loan increased by $900,000 to a total of $3,900,000. The Company accounted for the minimum interest liability as a discount on the debt. At March 31, 2024 and December 31, 2023, the potential liability for unearned minimum interest was $362,478 and $886,733, respectively. During the three months ended March 31, 2024, the Company made principal payments in the amount of $5,985 on the Decathlon loan.	$	3,968,349	$	3,459,516
Loan payable to the US Small Business Administration (the “EIDL Loan”) dated July 7, 2020 pursuant to the Small Business Administration Economic Injury Disaster Loan Program (the “EIDL”) established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in the original principal amount of $150,000. Effective March 31, 2022, the Company borrowed an additional $50,000 under the EIDL Loan and the balance due was amended to $200,000. Interest payments in the amount of $989 per month were due beginning in January 2023. The term of the EIDL Loan is 30 years, and matures on July 7, 2050; the annual interest rate is 3.75%. EIDL Loan recipients can apply for, and be granted forgiveness for, all or a portion of loans granted. During the three months ended March 31, 2024 and 2023, the Company accrued interest in the amount of $1,967 and $1,665, respectively, on the EIDL Loan.		200,000		200,000
Total	$	4,168,349	$	3,659,516
Current portion	$	3,968,349	$	3,459,516
Long-term maturities		200,000		200,000
Total	$	4,168,349	$	3,659,516

Aggregate maturities of loans payable as of March 31, 2024 are as follows:

For the twelve months ended March 31,

2025	$	3,968,349
2026		-
2027		2,843
2028		4,581
2029 and thereafter		192,576
Total	$	4,168,349

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Loans Payable - Related Parties

3 Months Ended

Mar. 31, 2024

Related Party [Member]

Loans Payable - Related Parties [Line Items]

Long-Term Debt [Text Block]

12. Loans Payable – Related Parties

	March 31, 2024		December 31, 2023
Loan payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, originally dated March 21, 2020 and renewed March 21, 2021, March 21, 2022, March 21, 2023 and March 31, 2024 in the amount of $300,000 bearing interest at the rate of 15% and due March 21, 2025 (“March 2021 Loan 1”). During the three months ended March 31, 2024 and 2023, the Company made interest payments of $11,250 on the March 2021 Loan 1.	$	300,000	$	300,000
Loan payable to an entity affiliated to Reeve Benaron, the Company’s Chairman, originally dated March 21, 2020 and renewed March 21, 2021, March 21, 2022, March 11, 2023 and March 31, 2024 in the amount of $300,000 bearing interest at the rate of 15% and due March 21, 2025 (the “March 2021 Loan 2”). During the three months ended March 31, 2024 and 2023, the Company made interest payments of $11,250 on the March 2021 Loan 2.		300,000		300,000
Loan payable to an entity affiliated to Reeve Benaron, the Company’s Chairman and a principal stockholder, dated June 20, 2022 in the amount of $500,000 bearing interest at the rate of 2.19% and due December 31, 2024 (the “June 2022 Loan”). The June 2022 Loan is payable in eighteen monthly installments of $28,889 beginning on July 20, 2023. On November 13, 2023, the June 2022 Loan was amended to the loan being payable in eighteen monthly installments of $31,354 beginning on July 20, 2024, and the interest rate on the loan was increased to 8.25%. During the three months ended March 31, 2024 and 2023 the Company accrued interest in the amount of $10,312 and $3,737, respectively, on the June 2022 Loan.		500,000		500,000
Loan payable to Jason Wulfsohn, the Company’s CEO, in the original amount of $310,000 dated December 29, 2023, bearing interest at the rate of 7.25%, and due December 29, 2024 (the December 2023 Loan”). The Company accrued interest in the amount of $5,603 on the December 2023 loan during the three months ended March 31, 2024.		310,000		310,000
Loan payable to Jason Wulfsohn, the Company’s CEO, in the original amount of $96,000 dated March 19, 2024, bearing interest at the rate of 7.25%, and due December 29, 2024 (the “March 2024 Loan”). The Company accrued interest in the amount of $229 on the March 2024 loan during three months ended March 31, 2024.		96,000		-
Total	$	1,506,000	$	1,410,000
Current portion	$	1,178,240	$	996,700
Long-term maturities		327,760		413,300
Total	$	1,506,000	$	1,410,000

Aggregate maturities of loans payable – related parties as of March 31, 2024 are as follows:

For the twelve months ended March 31,

2025	$	1,178,240
2026		267,351
2027		60,409
Total	$	1,506,000

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Convertible Note Payable - Related Party

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Short-Term Debt [Text Block]

13. Convertible Note Payable – Related Party

	March 31, 2024		December 31, 2023
Convertible promissory note payable to an entity affiliated to Reeve Benaron, the Company’s Chairman and a principal shareholder, dated February 7, 2023 in the amount of $800,000 bearing interest at the rate of 7.25% and due December 31, 2023 (the “February Convertible Note”). The February Convertible Note is convertible into common stock of the Company at a price of $2.04 per share. The Company recorded a beneficial conversion feature in the amount $215,686 in connection with the February Convertible Note which was amortized to interest expense during the year ended December 31, 2023. During the three months ended March 31, 2024 and 2023, the Company accrued interest in the amount of $14,397 and $8,603, respectively, on the February Convertible Note.	$	800,000	$	800,000
Convertible promissory note payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, dated May 12, 2023, in the amount of $1,300,000 bearing interest at the rate of 7.25% and due December 31, 2025 (the “May Convertible Note”). The May Convertible Note is convertible into common stock of the Company at a price of $0.32 per share. The Company recorded a beneficial conversion feature in the amount $325,000 in connection with the May Convertible Note; $77,783 of this amount was amortized to interest expense during the year ended December 31, 2023. During the three months ended March 31, 2024, the remaining discount in the amount of $247,217 was charged to additional paid-in capital upon the Company’s implementation of ASU 2020-06. During the three months ended March 31, 2024, the Company accrued interest in the amount of $24,273 on the May Convertible Note.		1,300,000		1,300,000
Convertible promissory note payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, dated November 15, 2023, in the amount of $624,000 bearing interest at the rate of 8.5% and due December 31, 2025 (the “November Convertible Note”). The November Convertible Note is convertible into common stock of the Company at a price of $0.32 per share. The Company recorded a beneficial conversion feature in the amount of $156,250 in connection with the November Convertible Note. During the year ended December 31, 2023, $9,439 of the discount was amortized to interest expense. During the three months ended March 31, 2024, the remaining discount in the amount of $146,811 was charged to additional paid-in capital upon the Company’s implementation of ASU 2020-06. During the three months ended March 31, 2024, the Company accrued interest in the amount of $11,651 on the November Convertible Note.		624,000		624,000
Total	$	2,724,000	$	2,724,000
Current portion	$	800,000	$	800,000
Long-term maturities		1,924,000		1,924,000
Total	$	2,724,000	$	2,724,000

Aggregate maturities of convertible notes payable – related parties as of March 31, 2024 are as follows:

For the twelve months ended March 31,

2025	$	800,000
2026		1,924,000
Total	$	2,724,000

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Accrued Settlements

3 Months Ended

Mar. 31, 2024

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

14. Accrued Settlements

On December 31, 2019 the Company accrued $1,582,652 in connection with a vendor dispute. During the three months ended September 30, 2023, the Company accrued an additional $894,274 pursuant to this dispute. At March 31, 2024, the amount of $2,476,926 remains on the Company’s balance sheet as an accrued liability. The Company has investments in the amount of $1,042,418 on its balance sheet at March 31, 2024 for the purpose of funding a surety bond in connection with this liability. See note 17.

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Stockholders’ Equity

3 Months Ended

Mar. 31, 2024

Stockholders' Equity Note [Abstract]

Equity [Text Block]

15. Stockholders’ Equity

The Company’s authorized capital stock consists of 490,000,000 shares of common stock, par value $0.001, and 10,000,000 shares of preferred stock, par value $0.001, 1,000,000 shares of which are designated as Series A Preferred Stock. The Company had 182,492,221 shares of common stock issued and outstanding as of March 31, 2024 and December 31, 2023.

Common Stock

Three months ended March 31, 2024:

No activity.

Three months ended March 31, 2023:

On February 24, 2023 the Company completed the Exchange Agreement with pursuant which to the Company issued to the Socialcom shareholders a total of 173,757,921 shares of the Company’s common stock, representing approximately 96% of the outstanding shares of common stock of the Company after giving effect to such issuance, in exchange for all of the shares of Socialcom common stock held by such Socialcom shareholders. As a result of the foregoing, Socialcom became an approximately 96.6% owned subsidiary of the Company. See note 1.

Series A Convertible Preferred Stock

The Company has designated 1,000,000 shares of Series A Convertible Preferred Stock, par value $0.001. Subject to certain limitations set forth in the Certificate of Designation of the Series A, each share of Series A is convertible into 20 shares of the Company’s common stock. The Series A is non-voting except as may be required by applicable law. The Series A also provides the holders with senior ranking with respect to the Company’s capital stock upon the occurrence of a liquidation, dissolution or winding up, and a liquidation preference in the event of the merger or consolidation of the Company in which the Company is not the surviving entity, the sale of all of the assets of the Company in a transaction which requires stockholder approval or the dissolution or winding up of the Company, in each case at the stated value of $30 per share of Series A.

Three months ended March 31, 2024:

No activity.

Three months ended March 31, 2023:

On February 24, 2023, the Company sold 25,000 shares of Series A Preferred Stock at a price of $30.00 per share for cash proceeds of $750,000 in the first tranche of a Securities Purchase Agreement entered into on January 30, 2023. The second tranche, which contemplated the sale of an additional 25,000 shares of Series A Preferred Stock for an additional $750,000, closed on May 25, 2023, the 90th day following the closing of the first tranche.

Options

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company as of March 31, 2024:

						Weighted				Weighted
				Weighted		Average				Average
				Average		Exercise				Exercise
Range of		Number of		Remaining		Price of		Number of		Price of
Exercise		Options		Contractual		Outstanding		Options		Exercisable
Prices		Outstanding		Life (years)		Options		Exercisable		Options
$	0.035		350,000		2.75	$	0.035		350,000	$	0.035
$	0.086		358,750		6.50	$	0.086		301,324	$	0.086
$	0.088		2,896,250		6.98	$	0.088		1,985,699	$	0.088
$	0.094		2,008,125		8.08	$	0.094		1,367,730	$	0.094
$	0.104		12,949,212		5.82	$	0.104		12,949,212	$	0.104
$	0.295		2,924,915		9.58	$	0.295		2,662,415	$	0.295
			21,487,252		6.66	$	0.125		19,616,380	$	0.126

Transactions involving stock options are summarized as follows:

	Number of Shares			Weighted Average Exercise Price
Options outstanding at December 31, 2023		24,051,825		$	0.139
Granted		-			-
Exercised		-			-
Cancelled / Expired		(2,564,573	)		0.235
Options outstanding at March 31, 2024		21,487,252		$	0.125
Options exercisable at March 31, 2024		19,616,380		$	0.126

During the three months ended March 31, 2024 and 2023, the Company charged $16,707 and $215,048, respectively, to stock based compensation expense for stock options.

The aggregate intrinsic value of options outstanding and exercisable at March 31, 2024 and December 31, 2023 was $3,640,310 and $3,794,925, respectively. Aggregate intrinsic value represents the difference between the fair value of the Company’s stock on the last day of the fiscal period, which was $0.295 as of March 31, 2024 and December 31, 2023, and the exercise price multiplied by the number of options outstanding.

There were no options valued during the three months ended March 31, 2024. During the year ended December 31, 2023, the Company valued options using the Black-Scholes valuation model utilizing the following variables:

	December 31,
	2023
Volatility		76.03	%
Dividends	$	-
Risk-free interest rates		4.84	%
Expected term (years)		5.00

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Income Taxes

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

16. Income Taxes

The Company uses the asset and liability method to account for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. If a carryforward exists, the Company decides as to whether the carryforward will be utilized in the future. Currently, a valuation allowance is established for all deferred tax assets and carryforwards as their recoverability is deemed to be uncertain. If the Company’s expectations for future operating results at the federal or at the state jurisdiction level vary from actual results due to changes in healthcare regulations, general economic conditions, or other factors, it may need to adjust the valuation allowance, for all or a portion of the Company’s deferred tax assets. The Company’s income tax expense in future periods will be reduced or increased to the extent of offsetting decreases or increases, respectively, in the Company’s valuation allowance in the period when the change in circumstances occurs. These changes could have a significant impact on the Company’s future earnings.

Income tax expense was $0 for the three months ended March 31, 2024, compared to $0 for the three months ended March 31, 2023. The annual forecasted effective income tax rate for 2023 is 0%. The Company has no net operating loss carryforward due to the change of control inherent in the Exchange Agreement (see note 1). The Company has no uncertain tax positions at March 31, 2024 or December 31, 2023.

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

17. Commitments and Contingencies

In June 2019, a former services provider of the Company filed a complaint in the amount of $1,442,441 for amounts due. The Company countersued for breach of agreement. During the three months ended September 30, 2023, the Company accrued an additional $894,274 pursuant to this dispute as a result a claim for an additional liability and a judgment for court costs against the Company. The Company plans to appeal this judgement which the Company believes is unlawful. The Company has recorded a liability in the amount of $2,476,926 on the balance sheet at March 31, 2024 in connection with this complaint. The Company has restricted cash in the amount of $1,042,418 for purposes of funding a surety bond in connection with this complaint. See note 14.

From time to time, the Company has become and may become involved in certain lawsuits and legal proceedings which arise in the ordinary course of business, or current or previous employees, or current or previous directors, or as a result of acquisitions and dispositions or other corporate activities. The Company intends to vigorously defend its positions. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our financial position or our business, and the outcome of these matters cannot be ultimately predicted.

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Going Concern

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Substantial Doubt about Going Concern [Text Block]

18. Going Concern

As of March 31, 2024, we had unrestricted cash on hand of $(42,844) net of an overdraft in the amount of $75,790 and a working capital deficit of $9,236,127. Management believes this amount is not sufficient to meet our operating needs for the 12 months subsequent to the date of this filing. In order to meet our working capital requirements, we will need to either raise sufficient capital and/or increase revenue by executing against our various ongoing strategic growth initiatives while continuing to actively reduce, maintain, or manage our current expenditures. The Company’s ability to continue as a going concern is dependent upon its ability to improve cash flow and the ability to obtain additional financing, including debt and equity offerings. These and other listed factors cause substantial doubt about the Company’s ability to continue as a going concern.

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Related Party Transactions

3 Months Ended

Mar. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

19. Related Party Transactions

See Notes 12 and 13 for a description of related party transactions.

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Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events [Text Block]

20. Subsequent Events

On May 10, 2024, the due date of the Decathlon Loan was extended to December 13, 2024.

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Pay vs Performance Disclosure - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,048,539)	$ (1,556,348)

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Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Accounting Policies, by Policy (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in US dollars. The Company has adopted a fiscal year end of December 31. The accompanying condensed consolidated financial statements include the accounts of Socialcom and Vado Corp. All material intercompany transactions have been eliminated in consolidation.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. The Company had cash of $32,946 and $133,182 and no cash equivalents as of March 31, 2024 and December 31, 2023, respectively.

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]

Restricted Investment

The Company has a restricted investment in the amount of $1,042,418 in connection with a complaint filed by a former services provider of the Company in the amount of $2,476,926 for amounts due. The restricted investment is held in the form of a United States Treasury Bill which matures on May 16, 2024. It is the Company’s intention to hold this investment to maturity. See notes 4, 14, and 17.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant, and Equipment

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:

	Years
Office equipment		3 to 5
Furniture & fixtures		3 to 7
Leasehold improvements	Term of lease

Repairs and maintenance expenditures are charged to operations as incurred. Major improvements and replacements, which extend the useful life of an asset, are capitalized and depreciated over the remaining estimated useful life of the asset. When assets are retired or sold, the cost and related accumulated depreciation are eliminated and any resulting gain or loss is reflected in operations.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-Lived Assets

The Company reviews its property and equipment and any identifiable intangibles including goodwill for impairment on an annual basis utilizing the guidance set forth in the Statement of Financial Accounting Standards Board ASC 350 “Intangibles – Goodwill and Other” and ASC 360 “Property, Plant, and Equipment.” At March 31, 2024 and December 31, 2023, the net carrying value of intangible assets on the Company’s balance sheet was $89,672 and $110,425, respectively.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts and other accounts, the balances of which at times may be uninsured or exceed federally insured limits. From time to time, some of the Company’s funds are also held by escrow agents; these funds may not be federally insured. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts.

Advertising Cost [Policy Text Block]

Advertising and Marketing Costs

All costs associated with advertising and promoting products are expensed as incurred. Total recognized advertising and marketing expenses were $35,217 and $44,721 for the three months ended March 31, 2024 and 2023, respectively.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

Pursuant to Accounting Standards Codification (“ASC”) No. 825 - Financial Instruments, the Company is required to estimate the fair value of all financial instruments included on its balance sheets. The carrying amounts of the Company’s cash and cash equivalents, notes receivable, convertible notes payable, accounts payable and accrued expenses, none of which is held for trading, approximate their estimated fair values due to the short-term maturities of those financial instruments.

A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.

Level 3 - Significant unobservable inputs that cannot be corroborated by market data.

Internal Use Software, Policy [Policy Text Block]

Capitalized Software Development Costs

The Company capitalizes certain costs associated with creating and enhancing internally developed software related to the development of the Company’s platform solution. These costs include third party development expenses for that are directly associated with and devote time to software development projects. Software development costs that do not qualify for capitalization, as further discussed below, are expensed as incurred and recorded in operating expenses in the consolidated statements of operations.

The Company’s customers do not take possession of the software and cannot run the software on their own hardware. For these reasons, pursuant to ASC 985-20 Costs of Software to Be Sold, Leased, or Marketed (“ASC 982-20”), the software is considered a software hosting arrangement and the Company applied the guidance of ASC 350-40 Intangibles – Goodwill and Other: Internal Use Software” (“ASC 350-40"). Pursuant to ASC 350-40, software development activities typically consist of three stages: (1) the planning phase; (2) the application and infrastructure development stage; and (3) the post-implementation stage. Costs incurred in the planning and post implementation phases, including costs associated with the post-configuration training and repairs and maintenance of the developed technologies, are expensed as incurred. The Company capitalizes costs associated with software developed when the preliminary project stage is completed, management implicitly or explicitly authorizes and commits to funding the project and it is probable that the project will be completed and perform as intended. Costs incurred in the application and infrastructure development phases, including significant enhancements and upgrades, are capitalized. Capitalization ends once a project is substantially complete and the software is ready for its intended purpose. Software development costs are amortized using a straight-line method over the estimated useful life of three years, commencing when the software is ready for its intended use. The straight-line recognition method approximates the manner in which the expected benefit will be derived.

Lessee, Leases [Policy Text Block]

Operating Leases

The Company accounts for its leasing arrangements by applying the guidance of Accounting Standards Update No. 2016-02, Leases (Topic 842), (“ASU 2016-02”). The Company enters into operating leases for its office space. The Company does not have finance leases.

The Company determines if an arrangement is, or contains, a lease at inception. Operating lease assets represent the Company’s right to control the use of an identified asset for a period of time, or term, in exchange for consideration, and operating lease liabilities represent its obligation to make lease payments arising from the aforementioned right.

Operating lease assets and liabilities are initially recorded based on the present value of lease payments over the lease term, which includes the minimum unconditional term of the lease, and may include options to extend or terminate the lease when it is reasonably certain at the commencement date that such options will be exercised. As the rate implicit for each of the Company’s leases is not readily determinable, the Company uses its incremental borrowing rate, based on the information available at the lease commencement date in determining the present value of its expected lease payments. The Company has elected to not separate lease and non-lease components.

Operating lease assets are amortized on a straight-line basis in operating lease expense over the lease term on the consolidated statements of operations. The related amortization, along with the change in the operating lease liabilities, are separately presented within the cash flows from operating activities on the consolidated statements of cash flows. The Company records lease expense for operating leases, some of which have escalating rent payments, on a straight-line basis over the lease term.

Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property services fees and other factors.

Refer to Note 8 for additional information.

Revenue [Policy Text Block]

Revenue Recognition

The Company generates its revenue by providing marketers and advertising agencies with the ability to deliver digital marketing and marketing-related solutions. The Company’s primary business is to deliver omnichannel programmatic, paid search, and paid social advertising services for its customers. The Company also does a limited amount of marketing-related project work for customers, including creative services, and also has a reseller solution with a partner. This results in the following revenue streams:

● Programmatic Solutions

● Paid Search & Social Solutions

● Services Revenue

● Self-Serve Revenue

The Company applies a five-step approach as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606: Revenue from Contracts with Customers (“ASC 606”) in determining the amount and timing of revenue to be recognized:

● Identification of a contract with a customer;

● Identification of the performance obligation in the contract;

● Determination of the transaction price;

● Allocation of the transaction price to the performance obligations in the contract; and

● Recognition of revenue when or as the performance obligations are satisfied.

The determination of whether revenue should be reported on a gross or a net basis is based upon an assessment of whether we are acting as the principal or agent in the transaction based upon the guidance in ASC 606. Making such determinations involves judgment and is based on an evaluation of the terms of each arrangement, none of which are considered presumptive or determinative. We act as a principal and recognize revenue on a gross basis if (i) we control the advertising inventory before it is transferred to our clients; (ii) we bear sole responsibility for fulfillment of the advertising promise and inventory risks and (iii) we have full discretion in establishing prices. We applied the guidance of ASC 606 to our revenue streams as follows:

Programmatic Solutions: Programmatic revenue consists of delivering our customer’s budget programmatically through our trading desk model, where multiple Demand Side Platforms (“DSP”) are utilized to deliver advertising budgets as paid impressions. The Company, through its deep understanding of DSP platforms, transacts to spend customer’s budgets within the platforms to execute against customer marketing goals as efficiently and effectively as possible. In this arrangement, our team will perform all of the setup, activation, strategy, tactic building, implementation and delivery of the campaign through a partner platform or platforms. We enter into an Insertion Order / Media Plan (“IO”) with all Programmatic customers. The IO states the services that are to be performed and a budget for each tactic or tactics. We bill our customers for a percentage of the total spend, and recognize revenue upon completion of the performance obligation. Because we are in control of this process and assume inventory risk, we recognize revenue on a gross basis.

Paid Search & Social Solutions: We also enter into an IO with all Paid Search & Social customers. The IO states the services that are to be performed and a budget for each tactic. We bill our customers for a percentage of the total spend, and recognize revenue upon completion of the performance obligation. In instances where we pay the third party for inventory, we recognize revenue on a gross basis because we bear the inventory risk. In instances where the customer pays the third party, we recognize revenue on a net basis.

Services Revenue: We enter into Statement of Work (“SOW”) agreements with all Services customers. The SOW includes estimated costs to be applied against the services to be performed, and establishes payment and billing terms. Services revenue is recognized on a gross basis.

Self-Serve Revenue: Self-serve revenue consists of revenues generated through our Admatx platform, as well as through reselling access to a major enterprise DSP. Users of Admatx agree to our platform terms and conditions, and we enter into Master Services Agreements (“MSA”) with all reseller customers. The Platform Terms and Conditions and MSAs detail the work and responsibilities of each party and their respective obligations. Self-serve revenue is recognized on a net basis.

Revenue Recognition, Deferred Revenue [Policy Text Block]

Deferred Revenue

Certain customer arrangements in the Company's business result in deferred revenues when cash payments are received in advance of performance.

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance acquired as of December 31, 2023		191,766
Cash payments received		466,376
Net sales recognized		(289,382	)
Balance as of March 31, 2024	$	368,760

Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

We recognize compensation costs to employees under FASB ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). Under FASB ASC 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation cost for stock options are estimated at the grant date based on each option’s fair-value as calculated by the Black-Scholes-Merton (“BSM”) option-pricing model. Share-based compensation arrangements may include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant.

Equity instruments issued to other than employees are recorded pursuant to the guidance contained in ASU 2018-07 (“ASU 2018-07”), Improvements to Non-employee Share-Based Payment Accounting, which simplified the accounting for share-based payments granted to non-employees for goods and services. Under the ASU 2018-07, most of the guidance on such payments to non-employees would be aligned with the requirements for share-based payments granted to employees.

Earnings Per Share, Policy [Policy Text Block]

Basic and Diluted Earnings or Loss Per Share

Basic net earnings per share is based on the weighted average number of shares outstanding during the period, while fully diluted net earnings per share is based on the weighted average number of shares of common stock and potentially dilutive securities assumed to be outstanding during the period using the treasury stock method. Potentially dilutive securities consist of options to purchase common stock. Basic and diluted net loss per share are computed based on the weighted average number of shares of common stock outstanding during the period. At March 31, 2024 and December 31, 2023, the Company had the following potentially dilutive instruments outstanding: a total of 21,430,640 and 21,684,635 shares, respectively, issuable upon the exercise of stock options.

The Company uses the treasury stock method to calculate the impact of outstanding stock options and warrants. Stock options for which the exercise price exceeds the average market price over the period have an anti-dilutive effect on earnings per common share and, accordingly, are excluded from the calculations. At March 31, 2024 and December 31, 2023, 21,430,640 and 21,684,635 stock options, respectively, are excluded from the calculation of fully-diluted shares outstanding.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The components of the deferred tax assets and liabilities are classified as current and non-current based on their characteristics. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Commitments and Contingencies, Policy [Policy Text Block]

Commitments and Contingencies

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company management may consult its legal counsel to evaluate the perceived merits of any legal proceedings or unasserted claims brought to such legal counsel’s attention as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40)”. This ASU reduces the number of accounting models for convertible debt instruments and convertible preferred stock, as well as amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. In addition, this ASU improves and amends the related EPS guidance. This standard was effective for us on January 1, 2023. The adoption of this standard did not have a material effect on our consolidated financial statements.

There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Basis of Presentation and Summary of Significant Accounting Policies (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

Property and equipment consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Computer equipment	$	154,019		$	151,426
Leasehold improvements		45,891			45,891
Less: accumulated depreciation		(175,800	)		(170,854	)
Property and equipment, net	$	24,110		$	26,463

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

The following table represents the changes in deferred revenue as reported on the Company’s consolidated balance sheets:

Balance acquired as of December 31, 2023		191,766
Cash payments received		466,376
Net sales recognized		(289,382	)
Balance as of March 31, 2024	$	368,760

Estimated Useful Life [Member]

Basis of Presentation and Summary of Significant Accounting Policies (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy:

	Years
Office equipment		3 to 5
Furniture & fixtures		3 to 7
Leasehold improvements	Term of lease

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Investments - Restricted (Tables)

3 Months Ended

Mar. 31, 2024

Disclosure Text Block Supplement [Abstract]

Investment [Table Text Block]

The components of restricted investments were as follows:

	Fair		Unrealized
March 31, 2024	Value		Losses
U.S. Treasury Bill	$	1,042,040	$	(378	)

	Fair		Unrealized
December 31, 2023	Value		Losses
U.S. Treasury Bill	$	1,029,891	$	(365	)

XML

Accounts Receivable (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Accounts receivable, net consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Accounts receivable	$	2,857,859		$	3,155,200
Due under Financing Agreement, net		182,467			370,070
Allowance for doubtful accounts		(171,557	)		(571,773	)
Total	$	2,868,769		$	2,953,497

XML

Other Current Assets (Tables)

3 Months Ended

Mar. 31, 2024

Disclosure Text Block Supplement [Abstract]

Schedule of Other Current Assets [Table Text Block]

Other current assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Deposits	$	-		39,792
Prepaid expenses		250,197		195,450
Total	$	250,197	$	235,242

XML

Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property and equipment consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Computer equipment	$	154,019		$	151,426
Leasehold improvements		45,891			45,891
Less: accumulated depreciation		(175,800	)		(170,854	)
Property and equipment, net	$	24,110		$	26,463

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Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consisted of the following at March 31, 2024 and December 31, 2023:

	March 31, 2024
			Accumulated
	Gross		Amortization			Net
Customer lists	$	482,462	$	(482,462	)	$	-
Internal use software		169,917		(80,245	)		89,672
Total	$	652,379	$	(562,707	)	$	89,672

	December 31, 2023
			Accumulated
	Gross		Amortization			Net
Customer lists	$	482,462	$	(469,060	)	$	13,402
Internal use software		164,166		(67,143	)		97,023
Total	$	646,628	$	(536,203	)	$	110,425

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Accounts Payable and Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Accounts payable and accrued liabilities consisted of the following at March 31, 2024 and December 31, 2023:

	March 31,		December 31,
	2024		2023
Trade accounts payable	$	3,375,987	$	2,632,999
Credit cards payable		864,920		661,676
Accrued payroll and payroll taxes		50,866		65,565
Accrued interest		270,619		195,235
Total	$	4,562,392	$	3,555,475

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Loans Payable (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	March 31, 2024		December 31, 2023
Loan payable to Decathlon dated December 31, 2019 (the “Decathlon Loan”) in the principal amount of $3,000,000. The Decathlon Loan is due June 30, 2024 and is collateralized by all the assets of the Company. The Decathlon Loan accrues interest at a variable rate based upon internal rate of return targets. The effective rate of interest for the year ended December 31, 2023 and the three months ended March 31, 2024 was approximately 17%. There are no restrictive covenants in the loan, and it is not convertible. Repayments are required based upon a fixed percentage of our earned revenue. If not repaid prior the final balance is due on June 13, 2024. The Decathlon Loan is subject to minimum interest that escalates over the term of the loan. During the three months ended September 30, 2023, the minimum interest on this loan increased by $900,000 to a total of $3,900,000. The Company accounted for the minimum interest liability as a discount on the debt. At March 31, 2024 and December 31, 2023, the potential liability for unearned minimum interest was $362,478 and $886,733, respectively. During the three months ended March 31, 2024, the Company made principal payments in the amount of $5,985 on the Decathlon loan.	$	3,968,349	$	3,459,516
Loan payable to the US Small Business Administration (the “EIDL Loan”) dated July 7, 2020 pursuant to the Small Business Administration Economic Injury Disaster Loan Program (the “EIDL”) established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in the original principal amount of $150,000. Effective March 31, 2022, the Company borrowed an additional $50,000 under the EIDL Loan and the balance due was amended to $200,000. Interest payments in the amount of $989 per month were due beginning in January 2023. The term of the EIDL Loan is 30 years, and matures on July 7, 2050; the annual interest rate is 3.75%. EIDL Loan recipients can apply for, and be granted forgiveness for, all or a portion of loans granted. During the three months ended March 31, 2024 and 2023, the Company accrued interest in the amount of $1,967 and $1,665, respectively, on the EIDL Loan.		200,000		200,000
Total	$	4,168,349	$	3,659,516
Current portion	$	3,968,349	$	3,459,516
Long-term maturities		200,000		200,000
Total	$	4,168,349	$	3,659,516

Schedule of Maturities of Long-Term Debt [Table Text Block]

Aggregate maturities of loans payable as of March 31, 2024 are as follows:

2025	$	3,968,349
2026		-
2027		2,843
2028		4,581
2029 and thereafter		192,576
Total	$	4,168,349

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Loans Payable - Related Parties (Tables) - Related Party [Member]

3 Months Ended

Mar. 31, 2024

Loans Payable - Related Parties (Tables) [Line Items]

Schedule of Long-Term Debt Instruments [Table Text Block]

	March 31, 2024		December 31, 2023
Loan payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, originally dated March 21, 2020 and renewed March 21, 2021, March 21, 2022, March 21, 2023 and March 31, 2024 in the amount of $300,000 bearing interest at the rate of 15% and due March 21, 2025 (“March 2021 Loan 1”). During the three months ended March 31, 2024 and 2023, the Company made interest payments of $11,250 on the March 2021 Loan 1.	$	300,000	$	300,000
Loan payable to an entity affiliated to Reeve Benaron, the Company’s Chairman, originally dated March 21, 2020 and renewed March 21, 2021, March 21, 2022, March 11, 2023 and March 31, 2024 in the amount of $300,000 bearing interest at the rate of 15% and due March 21, 2025 (the “March 2021 Loan 2”). During the three months ended March 31, 2024 and 2023, the Company made interest payments of $11,250 on the March 2021 Loan 2.		300,000		300,000
Loan payable to an entity affiliated to Reeve Benaron, the Company’s Chairman and a principal stockholder, dated June 20, 2022 in the amount of $500,000 bearing interest at the rate of 2.19% and due December 31, 2024 (the “June 2022 Loan”). The June 2022 Loan is payable in eighteen monthly installments of $28,889 beginning on July 20, 2023. On November 13, 2023, the June 2022 Loan was amended to the loan being payable in eighteen monthly installments of $31,354 beginning on July 20, 2024, and the interest rate on the loan was increased to 8.25%. During the three months ended March 31, 2024 and 2023 the Company accrued interest in the amount of $10,312 and $3,737, respectively, on the June 2022 Loan.		500,000		500,000
Loan payable to Jason Wulfsohn, the Company’s CEO, in the original amount of $310,000 dated December 29, 2023, bearing interest at the rate of 7.25%, and due December 29, 2024 (the December 2023 Loan”). The Company accrued interest in the amount of $5,603 on the December 2023 loan during the three months ended March 31, 2024.		310,000		310,000
Loan payable to Jason Wulfsohn, the Company’s CEO, in the original amount of $96,000 dated March 19, 2024, bearing interest at the rate of 7.25%, and due December 29, 2024 (the “March 2024 Loan”). The Company accrued interest in the amount of $229 on the March 2024 loan during three months ended March 31, 2024.		96,000		-
Total	$	1,506,000	$	1,410,000
Current portion	$	1,178,240	$	996,700
Long-term maturities		327,760		413,300
Total	$	1,506,000	$	1,410,000

Schedule of Maturities of Long-Term Debt [Table Text Block]

Aggregate maturities of loans payable – related parties as of March 31, 2024 are as follows:

2025	$	1,178,240
2026		267,351
2027		60,409
Total	$	1,506,000

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Convertible Note Payable - Related Party (Tables)

3 Months Ended

Mar. 31, 2024

Convertible Note Payable - Related Party (Tables) [Line Items]

Convertible Debt [Table Text Block]

	March 31, 2024		December 31, 2023
Convertible promissory note payable to an entity affiliated to Reeve Benaron, the Company’s Chairman and a principal shareholder, dated February 7, 2023 in the amount of $800,000 bearing interest at the rate of 7.25% and due December 31, 2023 (the “February Convertible Note”). The February Convertible Note is convertible into common stock of the Company at a price of $2.04 per share. The Company recorded a beneficial conversion feature in the amount $215,686 in connection with the February Convertible Note which was amortized to interest expense during the year ended December 31, 2023. During the three months ended March 31, 2024 and 2023, the Company accrued interest in the amount of $14,397 and $8,603, respectively, on the February Convertible Note.	$	800,000	$	800,000
Convertible promissory note payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, dated May 12, 2023, in the amount of $1,300,000 bearing interest at the rate of 7.25% and due December 31, 2025 (the “May Convertible Note”). The May Convertible Note is convertible into common stock of the Company at a price of $0.32 per share. The Company recorded a beneficial conversion feature in the amount $325,000 in connection with the May Convertible Note; $77,783 of this amount was amortized to interest expense during the year ended December 31, 2023. During the three months ended March 31, 2024, the remaining discount in the amount of $247,217 was charged to additional paid-in capital upon the Company’s implementation of ASU 2020-06. During the three months ended March 31, 2024, the Company accrued interest in the amount of $24,273 on the May Convertible Note.		1,300,000		1,300,000
Convertible promissory note payable to an entity affiliated to Jason Wulfsohn, the Company’s CEO and a director, dated November 15, 2023, in the amount of $624,000 bearing interest at the rate of 8.5% and due December 31, 2025 (the “November Convertible Note”). The November Convertible Note is convertible into common stock of the Company at a price of $0.32 per share. The Company recorded a beneficial conversion feature in the amount of $156,250 in connection with the November Convertible Note. During the year ended December 31, 2023, $9,439 of the discount was amortized to interest expense. During the three months ended March 31, 2024, the remaining discount in the amount of $146,811 was charged to additional paid-in capital upon the Company’s implementation of ASU 2020-06. During the three months ended March 31, 2024, the Company accrued interest in the amount of $11,651 on the November Convertible Note.		624,000		624,000
Total	$	2,724,000	$	2,724,000
Current portion	$	800,000	$	800,000
Long-term maturities		1,924,000		1,924,000
Total	$	2,724,000	$	2,724,000

Schedule of Maturities of Long-Term Debt [Table Text Block]

Aggregate maturities of loans payable as of March 31, 2024 are as follows:

2025	$	3,968,349
2026		-
2027		2,843
2028		4,581
2029 and thereafter		192,576
Total	$	4,168,349

Related Party [Member] | Convertible Notes Payable [Member]

Convertible Note Payable - Related Party (Tables) [Line Items]

Schedule of Maturities of Long-Term Debt [Table Text Block]

For the twelve months ended March 31,

2025	$	800,000
2026		1,924,000
Total	$	2,724,000

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Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2024

Stockholders' Equity Note [Abstract]

Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company as of March 31, 2024:

						Weighted				Weighted
				Weighted		Average				Average
				Average		Exercise				Exercise
Range of		Number of		Remaining		Price of		Number of		Price of
Exercise		Options		Contractual		Outstanding		Options		Exercisable
Prices		Outstanding		Life (years)		Options		Exercisable		Options
$	0.035		350,000		2.75	$	0.035		350,000	$	0.035
$	0.086		358,750		6.50	$	0.086		301,324	$	0.086
$	0.088		2,896,250		6.98	$	0.088		1,985,699	$	0.088
$	0.094		2,008,125		8.08	$	0.094		1,367,730	$	0.094
$	0.104		12,949,212		5.82	$	0.104		12,949,212	$	0.104
$	0.295		2,924,915		9.58	$	0.295		2,662,415	$	0.295
			21,487,252		6.66	$	0.125		19,616,380	$	0.126

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Transactions involving stock options are summarized as follows:

	Number of Shares			Weighted Average Exercise Price
Options outstanding at December 31, 2023		24,051,825		$	0.139
Granted		-			-
Exercised		-			-
Cancelled / Expired		(2,564,573	)		0.235
Options outstanding at March 31, 2024		21,487,252		$	0.125
Options exercisable at March 31, 2024		19,616,380		$	0.126

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

There were no options valued during the three months ended March 31, 2024. During the year ended December 31, 2023, the Company valued options using the Black-Scholes valuation model utilizing the following variables:

	December 31,
	2023
Volatility		76.03	%
Dividends	$	-
Risk-free interest rates		4.84	%
Expected term (years)		5.00

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Organization and Business (Details)	Feb. 24, 2023 USD ($) shares
Organization and Business (Details) [Line Items]
Present Value of Future Insurance Profits, Gross (in Dollars) | $	$ 1,500,000
Limited Liability Company or Limited Partnership, Business Activities and Description	The first tranche of the Secondary Financing, in which the Company sold 25,000 shares of Series A Convertible Preferred Stock (the “Series A”) for $750,000, closed simultaneously with the Closing of the Exchange. The second tranche of the Secondary Financing in which the Company sold an additional 25,000 shares of Series A for an additional $750,000 closed on May 25, 2023.
Directors, officers, employees and consultants [Member]
Organization and Business (Details) [Line Items]
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation	22,793,540
Socialcom stock [Member]
Organization and Business (Details) [Line Items]
Common Stock Held by Subsidiary (in Dollars) | $	$ 2,604,976
David Lelong [Member]
Organization and Business (Details) [Line Items]
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation	93,000,000
AudienceX [Member]
Organization and Business (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	169,434,640
AudienceX [Member] | AudienceX [Member]
Organization and Business (Details) [Line Items]
Equity Method Investment, Ownership Percentage	96.00%

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Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2021
Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Cash	$ 32,946		$ 133,182
Restricted Investments	1,042,418		1,029,256
Intangible Assets, Net (Excluding Goodwill)	89,672		$ 110,425
Marketing and Advertising Expense	$ 35,217	$ 44,721
Finite-Lived Intangible Asset, Useful Life				3 years
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	21,430,640		21,684,635
Share-Based Payment Arrangement, Option [Member]
Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	21,430,640		21,684,635
Vendor Dispute [Member]
Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Settlement Liabilities, Current	$ 2,476,926
Software Development [Member]
Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years

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Basis of Presentation and Summary of Significant Accounting Policies (Details) - Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2024
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Life	Term of lease

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Basis of Presentation and Summary of Significant Accounting Policies (Details) - Deferred Revenue, by Arrangement, Disclosure	3 Months Ended
	Mar. 31, 2024 USD ($)
Deferred Revenue By Arrangement Disclosure Abstract
Balance	$ 191,766
Cash payments received	466,376
Net sales recognized	(289,382)
Balance	$ 368,760

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Transfer of Customers and Employees (Details) - Collaborative Arrangement [Member]		3 Months Ended
	Mar. 15, 2024 USD ($)	Mar. 31, 2024 USD ($)
Transfer of Customers and Employees (Details) [Line Items]
Number of customers	11
Number of prospective customers	1
Entity Number of Employees	14
Customer Advances and Deposits	$ 4,164,269
Revenues		$ 1,008,485
Cost of Revenue		$ 973,235

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Investments - Restricted (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Disclosure Text Block Supplement [Abstract]
Restricted Investments		$ 1,042,418		$ 1,029,256
Loss Contingency, Damages Sought, Value	$ 1,442,441	$ 1,442,441
Investment Maturity Date		May 16, 2024
Investments		$ 1,049,000
Payments to Acquire Investments		1,000,786
Investment original issue discount		48,214
Investment Income, Interest		$ 13,162	$ 0

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Investments - Restricted (Details) - Schedule of Investment - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Investment Abstract
Fair Value	$ 1,042,040	$ 1,029,891
Unrealized Losses	$ (378)	$ (365)

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Accounts Receivable (Details) - USD ($)		3 Months Ended
	Jun. 08, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Sep. 18, 2023	Jun. 11, 2021	Jun. 13, 2019
Receivables [Abstract]
Accounts Receivable, after Allowance for Credit Loss		$ 2,868,769		$ 2,953,497
Accounts Receivable, Credit Loss Expense (Reversal)		(109,505)	$ 31,956
Accounts Receivable, Allowance for Credit Loss		171,557		$ 571,773
Financing Receivable, before Allowance for Credit Loss, Current	$ 3,000,000				$ 2,000,000	$ 5,000,000	$ 10,000,000
Financing Receivable, before Allowance for Credit Loss, to Total, Percent							85.00%
Debt Instrument, Basis Spread on Variable Rate	7.25%
Finance Lease, Interest Expense		$ 25,823	$ 29,072

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Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Accounts Notes Loans And Financing Receivable Abstract
Accounts receivable	$ 2,857,859	$ 3,155,200
Due under Financing Agreement, net	182,467	370,070
Allowance for doubtful accounts	(171,557)	(571,773)
Total	$ 2,868,769	$ 2,953,497

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Other Current Assets (Details) - Schedule of Other Current Assets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Other Current Assets Abstract
Deposits	$ 0	$ 39,792
Prepaid expenses	250,197	195,450
Total	$ 250,197	$ 235,242

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Property and Equipment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Payments to Acquire Property, Plant, and Equipment	$ 2,593	$ 2,305
Depreciation	$ 4,946	$ 5,880

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Property and Equipment (Details) - Property, Plant and Equipment - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (175,800)	$ (170,854)
Property and equipment, net	24,110	26,463
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	154,019	151,426
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 45,891	$ 45,891

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Intangible Assets (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Assets Acquired					$ 482,462
Finite-Lived Intangible Assets, Period Increase (Decrease)					$ 7,462
Finite-Lived Intangible Asset, Useful Life					3 years
Capitalized Computer Software, Additions				$ 89,094	$ 43,454
Capitalized Computer Software, Period Increase (Decrease)	$ 5,751		$ 31,618
Capitalized Computer Software, Amortization	13,102		207,994
Amortization of Intangible Assets	26,504	$ 51,344
Customer Lists [Member]
Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Assets Acquired					$ 475,000
Computer Software, Not in Service [Member]
Intangible Assets (Details) [Line Items]
Capitalized Computer Software, Gross	$ 4,497		$ 8,611

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Intangible Assets (Details) - Schedule of Finite-Lived Intangible Assets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 652,379	$ 646,628
Intangible Assets, Accumulated Amortization	(562,707)	(536,203)
Intangible Assets, Net	89,672	110,425
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	482,462	482,462
Intangible Assets, Accumulated Amortization	(482,462)	(469,060)
Intangible Assets, Net	0	13,402
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	169,917	164,166
Intangible Assets, Accumulated Amortization	(80,245)	(67,143)
Intangible Assets, Net	$ 89,672	$ 97,023

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Accounts Payable and Accrued Liabilities (Details) - Schedule of Accounts Payable and Accrued Liabilities - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Accounts Payable And Accrued Liabilities Abstract
Trade accounts payable	$ 3,375,987	$ 2,632,999
Credit cards payable	864,920	661,676
Accrued payroll and payroll taxes	50,866	65,565
Accrued interest	270,619	195,235
Total	$ 4,562,392	$ 3,555,475

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Acquisition Liabilities (Details) - USD ($)		3 Months Ended		36 Months Ended
	Feb. 02, 2021	Mar. 31, 2024	Mar. 31, 2023	Jan. 31, 2024	Dec. 31, 2021
Business Combinations [Abstract]
Asset Acquisition, Contingent Consideration, Liability					$ 475,000
Asset Acquisition, Consideration Transferred	$ 25,000	$ 12,500	$ 37,500
Intangible Assets Acquired, Periodic Payment				$ 12,500

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Loans Payable (Details) - Schedule of Debt - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Decathlon Loan [Member]
Loans Payable (Details) - Schedule of Debt [Line Items]
Loan payable	$ 3,968,349	$ 3,459,516
EIDL Loan [Member]
Loans Payable (Details) - Schedule of Debt [Line Items]
Loan payable	200,000	200,000
Nonrelated Party [Member]
Loans Payable (Details) - Schedule of Debt [Line Items]
Loan payable	4,168,349	3,659,516
Current portion	3,968,349	3,459,516
Long-term maturities	$ 200,000	$ 200,000

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Loans Payable (Details) - Schedule of Debt (Parentheticals) - USD ($)					3 Months Ended			12 Months Ended
	Jan. 01, 2023	Mar. 31, 2022	Jul. 20, 2020	Dec. 31, 2019	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2023
Decathlon Loan [Member]
Loans Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Loan payable, principal payments					$ 5,985
Loan payable, principal amount				$ 3,000,000
Loan payable, due				Jun. 30, 2024
Loan payable, interest rate					17.00%			17.00%
Loan payable, interest					$ 362,478			$ 886,733
Loan payable, interest increased						$ 900,000
Loan payable, minimum interest						$ 3,900,000
EIDL Loan [Member]
Loans Payable (Details) - Schedule of Debt (Parentheticals) [Line Items]
Loan payable, principal amount		$ 200,000	$ 150,000
Loan payable, interest rate			3.75%
Loan payable, interest payments	$ 989
Loan payable, term			30 years
Loan payable, accrued interest					$ 1,967		$ 1,665
Loan payable, additional principal		$ 50,000

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Loans Payable (Details) - Schedule of Maturities of Long-Term Debt - Nonrelated Party [Member]	Mar. 31, 2024 USD ($)
Loans Payable (Details) - Schedule of Maturities of Long-Term Debt [Line Items]
2025	$ 3,968,349
2026	0
2027	2,843
2028	4,581
2029 and thereafter	192,576
Total	$ 4,168,349

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Loans Payable - Related Parties (Details) - Schedule of Long-Term Debt Instruments - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Chief Executive Officer [Member] | Wulfsohn Related Party Loan [Member]
Debt Instrument [Line Items]
Loan payable	$ 300,000	$ 300,000
Chief Executive Officer [Member] | Wulfsohn Loan [Member]
Debt Instrument [Line Items]
Loan payable	310,000	310,000
Chief Executive Officer [Member] | March 2024 Loan [Member]
Debt Instrument [Line Items]
Loan payable	96,000	0
Board of Directors Chairman [Member] | Benaron Related Party Loan [Member]
Debt Instrument [Line Items]
Loan payable	300,000	300,000
Board of Directors Chairman [Member] | Benaron Loan [Member]
Debt Instrument [Line Items]
Loan payable	500,000	500,000
Related Party [Member]
Debt Instrument [Line Items]
Loan payable	1,506,000	1,410,000
Current portion	1,178,240	996,700
Long-term maturities	$ 327,760	$ 413,300

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Loans Payable - Related Parties (Details) - Schedule of Long-Term Debt Instruments (Parentheticals) - USD ($)			3 Months Ended	5 Months Ended	12 Months Ended
	Mar. 19, 2024	Dec. 29, 2023	Mar. 31, 2024	Dec. 31, 2024	Jul. 19, 2024	Dec. 31, 2023
Wulfsohn Related Party Loan [Member]
Debt Instrument [Line Items]
Loan payable, amount			$ 300,000			$ 300,000
Loan payable, interest rate			15.00%			15.00%
Loan payable, due			Mar. 21, 2025
Loan payable, interest payments			$ 11,250			$ 11,250
Benaron Related Party Loan [Member]
Debt Instrument [Line Items]
Loan payable, amount			$ 300,000			$ 300,000
Loan payable, interest rate			15.00%			15.00%
Loan payable, due			Mar. 21, 2025
Loan payable, interest payments			$ 11,250			$ 11,250
Benaron Loan [Member]
Debt Instrument [Line Items]
Loan payable, amount			$ 500,000			$ 500,000
Loan payable, interest rate			8.25%			2.19%
Loan payable, due			Dec. 31, 2024
Loan payable, monthly installments				$ 31,354	$ 28,889
Loan payable, accrued interest			$ 10,312			$ 3,737
Wulfsohn Loan [Member]
Debt Instrument [Line Items]
Loan payable, amount		$ 310,000
Loan payable, interest rate		7.25%
Loan payable, due		Dec. 29, 2024
Loan payable, accrued interest			5,603
March 2024 Loan [Member]
Debt Instrument [Line Items]
Loan payable, amount	$ 96,000
Loan payable, interest rate	7.25%
Loan payable, due	Dec. 29, 2024
Loan payable, accrued interest			$ 229

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Loans Payable - Related Parties (Details) - Schedule of Maturities of Long-Term Debt - Related Party [Member] - Related Party [Member]	Mar. 31, 2024 USD ($)
Loans Payable - Related Parties (Details) - Schedule of Maturities of Long-Term Debt [Line Items]
2025	$ 1,178,240
2026	267,351
2027	60,409
Total	$ 1,506,000

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Convertible Note Payable - Related Party (Details) - Convertible Debt - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Convertible Note Payable - Related Party (Details) - Convertible Debt [Line Items]
Convertible promissory note payable	$ 2,724,000	$ 2,724,000
Current portion	800,000	800,000
Long-term maturities	1,924,000	1,924,000
Total	2,724,000	2,724,000
February Convertible Note [Member]
Convertible Note Payable - Related Party (Details) - Convertible Debt [Line Items]
Convertible promissory note payable	800,000	800,000
Total	800,000	800,000
May Convertible Note [Member]
Convertible Note Payable - Related Party (Details) - Convertible Debt [Line Items]
Convertible promissory note payable	1,300,000	1,300,000
Total	1,300,000	1,300,000
November Convertible Note [Member]
Convertible Note Payable - Related Party (Details) - Convertible Debt [Line Items]
Convertible promissory note payable	624,000	624,000
Total	$ 624,000	$ 624,000

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Convertible Note Payable - Related Party (Details) - Convertible Debt (Parentheticals) - USD ($)				3 Months Ended		12 Months Ended
	Nov. 15, 2023	May 12, 2023	Feb. 07, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
February Convertible Note [Member]
Convertible Note Payable - Related Party (Details) - Convertible Debt (Parentheticals) [Line Items]
Convertible promissory note payable, amount			$ 800,000
Convertible promissory note payable, interest rate			7.25%
Convertible promissory note payable, due			Dec. 31, 2023
Convertible promissory note payable, convertible price (in Dollars per share)			$ 2.04
Convertible promissory note payable, beneficial conversion feature			$ 215,686
Convertible promissory note payable, accrued interest				$ 14,397	$ 8,603
May Convertible Note [Member]
Convertible Note Payable - Related Party (Details) - Convertible Debt (Parentheticals) [Line Items]
Convertible promissory note payable, amount		$ 1,300,000
Convertible promissory note payable, interest rate		7.25%
Convertible promissory note payable, due		Dec. 31, 2025
Convertible promissory note payable, convertible price (in Dollars per share)		$ 0.32
Convertible promissory note payable, beneficial conversion feature		$ 325,000
Convertible promissory note payable, accrued interest				24,273
Convertible promissory note payable, discount amortized				247,217		$ 77,783
November Convertible Note [Member]
Convertible Note Payable - Related Party (Details) - Convertible Debt (Parentheticals) [Line Items]
Convertible promissory note payable, amount	$ 624,000
Convertible promissory note payable, interest rate	8.50%
Convertible promissory note payable, due	Dec. 31, 2025
Convertible promissory note payable, convertible price (in Dollars per share)	$ 0.32
Convertible promissory note payable, beneficial conversion feature	$ 156,250
Convertible promissory note payable, accrued interest				11,651
Convertible promissory note payable, discount amortized				$ 146,811		$ 9,439

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Convertible Note Payable - Related Party (Details) - Schedule of Maturities of Long-Term Debt	Mar. 31, 2024 USD ($)
Schedule Of Maturities Of Long Term Debt Abstract
2025	$ 800,000
2026	1,924,000
Total	$ 2,724,000

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Accrued Settlements (Details) - Vendor Dispute [Member] - USD ($)	3 Months Ended
	Sep. 30, 2023	Mar. 31, 2024	Dec. 31, 2019
Accrued Settlements (Details) [Line Items]
Settlement Liabilities, Current	$ 2,476,926	$ 2,476,926	$ 1,582,652
Increase (Decrease) in Other Accrued Liabilities	894,274
Restricted Investments	$ 1,042,418	$ 1,042,418

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Stockholders’ Equity (Details)			3 Months Ended
	May 25, 2023 USD ($) shares	Feb. 24, 2023 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares
Stockholders’ Equity (Details) [Line Items]
Common Stock, Shares Authorized			490,000,000		490,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares			$ 0.001		$ 0.001
Preferred Stock, Shares Authorized			10,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares			$ 0.001		$ 0.001
Common Stock, Shares, Issued			182,492,221		182,492,221
Common Stock, Shares, Outstanding			182,492,221		182,492,221
Stock Issued During Period, Shares, New Issues	25,000	25,000
Share Price (in Dollars per share) | $ / shares		$ 30	$ 0.295		$ 0.295
Proceeds from Issuance of Preferred Stock and Preference Stock (in Dollars) | $	$ 750,000	$ 750,000	$ 0	$ 750,000
Share-Based Payment Arrangement, Expense (in Dollars) | $			16,707	$ 215,048
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value (in Dollars) | $			$ 3,640,310		$ 3,794,925
Series A Preferred Stock [Member]
Stockholders’ Equity (Details) [Line Items]
Preferred Stock, Shares Authorized			1,000,000		1,000,000
Preferred Stock, Convertible, Conversion Ratio			20
Sale of Stock, Price Per Share (in Dollars per share) | $ / shares			$ 30
Socialcom [Member]
Stockholders’ Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage		96.60%
Socialcom [Member]
Stockholders’ Equity (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		173,757,921
Socialcom [Member] | Socialcom [Member]
Stockholders’ Equity (Details) [Line Items]
Equity Method Investment, Ownership Percentage		96.00%

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Stockholders’ Equity (Details) - Share-Based Payment Arrangement, Option, Exercise Price Range - $ / shares	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of options outstanding (in Shares)	21,487,252	24,051,825
Weighted average remaining contractual life (years)	6 years 7 months 28 days
Weighted average exercise price of outstanding options	$ 0.125	$ 0.139
Number of options exercisable (in Shares)	19,616,380
Weighted average price of exercisable options	$ 0.126
Options at $0.035 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices	$ 0.035
Number of options outstanding (in Shares)	350,000
Weighted average remaining contractual life (years)	2 years 9 months
Weighted average exercise price of outstanding options	$ 0.035
Number of options exercisable (in Shares)	350,000
Weighted average price of exercisable options	$ 0.035
Options at $0.086 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices	$ 0.086
Number of options outstanding (in Shares)	358,750
Weighted average remaining contractual life (years)	6 years 6 months
Weighted average exercise price of outstanding options	$ 0.086
Number of options exercisable (in Shares)	301,324
Weighted average price of exercisable options	$ 0.086
Options at $0.088 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices	$ 0.088
Number of options outstanding (in Shares)	2,896,250
Weighted average remaining contractual life (years)	6 years 11 months 23 days
Weighted average exercise price of outstanding options	$ 0.088
Number of options exercisable (in Shares)	1,985,699
Weighted average price of exercisable options	$ 0.088
Options at $0.094 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices	$ 0.094
Number of options outstanding (in Shares)	2,008,125
Weighted average remaining contractual life (years)	8 years 29 days
Weighted average exercise price of outstanding options	$ 0.094
Number of options exercisable (in Shares)	1,367,730
Weighted average price of exercisable options	$ 0.094
Options at $0.104 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices	$ 0.104
Number of options outstanding (in Shares)	12,949,212
Weighted average remaining contractual life (years)	5 years 9 months 25 days
Weighted average exercise price of outstanding options	$ 0.104
Number of options exercisable (in Shares)	12,949,212
Weighted average price of exercisable options	$ 0.104
Options at $0.295 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of exercise prices	$ 0.295
Number of options outstanding (in Shares)	2,924,915
Weighted average remaining contractual life (years)	9 years 6 months 29 days
Weighted average exercise price of outstanding options	$ 0.295
Number of options exercisable (in Shares)	2,662,415
Weighted average price of exercisable options	$ 0.295

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Stockholders’ Equity (Details) - Share-Based Payment Arrangement, Option, Activity	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share Based Payment Arrangement Option Activity Abstract
Number of Shares, Outstanding | shares	24,051,825
Weighted Average Exercise Price, Outstanding | $ / shares	$ 0.139
Number of Shares, vested and exercisable | shares	19,616,380
Weighted Average Exercise Price, vested and exercisable | $ / shares	$ 0.126
Number of Shares, Granted | shares	0
Weighted Average Exercise Price, Granted | $ / shares	$ 0
Number of Shares, Exercised | shares	0
Weighted Average Exercise Price, Exercised | $ / shares	$ 0
Number of Shares, Cancelled/Expired | shares	(2,564,573)
Weighted Average Exercise Price, Cancelled/Expired | $ / shares	$ 0.235
Number of Shares, Outstanding | shares	21,487,252
Weighted Average Exercise Price, Outstanding | $ / shares	$ 0.125

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Stockholders’ Equity (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	12 Months Ended
	Dec. 31, 2023
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions Abstract
Volatility	76.03%
Dividends	0.00%
Risk-free interest rates	4.84%
Expected term (years)	5 years

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Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 0	$ 0
Effective Income Tax Rate Reconciliation, Percent	0.00%

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Commitments and Contingencies (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2019
Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Damages Sought, Value	$ 1,442,441	$ 1,442,441
Restricted Investments		1,042,418		$ 1,029,256
Vendor Dispute [Member]
Commitments and Contingencies (Details) [Line Items]
Increase (Decrease) in Other Accrued Liabilities			$ 894,274
Settlement Liabilities, Current		2,476,926	2,476,926		$ 1,582,652
Restricted Investments		$ 1,042,418	$ 1,042,418

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Going Concern (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Bank Overdrafts, net	$ 42,844
Bank Overdrafts	75,790	$ 0
Working Capital (Deficit)	$ (9,236,127)

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Subsequent Events (Details)	7 Months Ended
	Dec. 13, 2024
Decathlon Loan [Member] | Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Debt Instrument, Maturity Date, Description	due date of the Decathlon Loan was extended to December 13, 2024