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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 816,692 $ 3,140,747
Accounts receivable, net (includes unbilled receivables of $14,208 and $143,219 as of March 31, 2024 and December 31, 2023, respectively) 643,479 686,327
Related party receivables 16,083 44,087
Deferred financing cost 50,000 0
Prepaid expenses and other current assets 896,026 826,781
Total Current Assets 2,422,280 4,697,942
Noncurrent Assets:    
Capitalized internal-use software, net 1,476,193 1,472,374
Goodwill 1,248,664 1,248,664
Intangible assets, net 196,044 223,690
Property and equipment, net 47,694 56,436
Operating lease right-of-use assets 184,642 164,740
Other assets 36,559 29,468
Total Assets 5,612,076 7,893,314
Current Liabilities:    
Accounts payable 1,063,330 1,232,118
Related party payables 96,066 82,101
Accrued expenses 1,284,578 1,143,890
Deferred revenue 268,250 10,800
Income tax payable 1,975 1,975
Short-term operating lease liabilities 69,727 81,236
Short-term financial liabilities 0 162,130
Total Current Liabilities 2,783,926 2,714,250
Noncurrent Liabilities:    
Warrant liabilities 254,076 256,536
Notes payable, including accrued interest of $14,511 and $40,317, as of March 31, 2024 and December 31, 2023, respectively 946,395 953,877
Long-term operating lease liabilities 84,288 53,771
Total Liabilities 4,068,685 3,978,434
Commitments, Note 10
Stockholders’ Equity:    
Common stock $0.01 par value, 50,000,000 shares authorized, 10,099,672 and 9,198,089 shares issued, and 10,099,672 and 9,143,355 outstanding at March 31, 2024 and December 31, 2023, respectively 100,997 91,434
Treasury stock, at cost: 0 and 54,734 shares held as of March 31, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 54,641,448 54,375,622
Accumulated other comprehensive income 171,361 139,670
Accumulated deficit (53,531,854) (50,853,285)
Total T Stamp Inc. Stockholders’ Equity 1,381,952 3,753,441
Non-controlling interest 161,439 161,439
Total Stockholders’ Equity 1,543,391 3,914,880
Total Liabilities and Stockholders’ Equity $ 5,612,076 $ 7,893,314