Balance Sheet Components

12 Months Ended

Dec. 31, 2022

Balance Sheet Components

Balance Sheet Components

5.    Balance Sheet Components

Prepaid expenses and other current assets

Prepaid expenses and other current assets as of December 31, 2022 and 2021 consisted of the following:

	As of December 31,
	2022		2021
Prepaid operating expenses	$	225,756	$	319,996
Rent deposit		55,981		100,425
VAT receivable associated with SAIT		71,742		68,798
Prepaid sponsorship		—		100,000
Tax credit receivable (short-term)		218,239		75,106
Miscellaneous receivable		8,368		332,277
Prepaid expenses and other current assets	$	580,086	$	996,602

Capitalized internal-use software, net

Capitalized internal-use software, net as of December 31, 2022 and 2021 consisted of the following:

		As of December 31,
	Useful Lives	2022		2021
Internally developed software	5 years	$	3,314,450	$	2,538,395
Less accumulated amortization			(1,895,778)		(1,378,351)
Capitalized internal-use software, net		$	1,418,672	$	1,160,044

Amortization expense is recognized on a straight-line basis and for the years ended December 31, 2022 and 2021 totaled $517 thousand and $454 thousand, respectively.

Property and equipment, net

Property and equipment, net as of December 31, 2022 and 2021 consisted of the following:

		As of December 31,
	Useful Lives	2022		2021
Computer equipment	3-4 years	$	148,832	$	125,139
Furniture and fixtures	10 years		27,220		28,870
Phone equipment	2.5 years		297,150		—
Property and equipment, gross			473,202		154,009
Less accumulated depreciation			(172,538)		(42,241)
Property and equipment, net		$	300,664	$	111,768

Depreciation expense is recognized on a straight-line basis and for the years ended December 31, 2022 and 2021 totaled $136 thousand and $50 thousand, respectively.

Other assets

Other assets as of December 31, 2022 and 2021 consisted of the following:

	As of December 31,
	2022		2021
Digital assets	$	2,066		—
Tax credit receivable (long-term)		—	$	178,140
Other assets	$	2,066	$	178,140

Accrued expenses

Accrued expenses as of December 31, 2022 and 2021 consisted of the following:

	As of December 31,
	2022		2021
Compensation payable	$	171,851	$	597,849
Commission liability		58,771		—
Accrued employee taxes		591,992		349,256
Accrued mobile expenses		177,099		—
Other accrued expenses		100,111		112,427
Accrued expenses	$	1,099,824	$	1,059,532