LIQUIDITY AND CAPITAL RESOURCES	3 Months Ended
Mar. 31, 2023
Liquidity And Capital Resources
LIQUIDITY AND CAPITAL RESOURCES	NOTE－ 2 LIQUIDITY AND CAPITAL RESOURCES The accompanying audited consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2023, the Company had cash balances of $13,827,941, a working capital surplus of $7,511,721 and accumulated deficit $86,433,490. For the three months ended March 31, 2023, the Company had a net loss of $5,390,213 and net cash used in operating activities of $4,015,201. Net cash used in investing activities was $190,061. Net cash used in financing activities was $541,988, resulting principally from share repurchase. While the Company believes that it will be able to continue to grow the Company's revenue base and control expenditures, there is no assurance that it will be able to achieve these goals. As a result, the Company continually monitors its capital structure and operating plans and evaluates various potential funding alternatives that may be needed to finance the Company's business development activities, general and administrative expenses and growth strategy. *Impact of COVID-19 and other Global Events* The spread of COVID-19 and the developments surrounding the global pandemic have had and may continue to have significantly negative impacts on all aspects of our business, including negative effects on our travel and digital media verticals . In response to the pandemic, many governments around the world implemented a variety of measures to reduce the spread of COVID-19, including travel restrictions and bans, instructions to residents to practice social distancing, quarantine advisories, shelter-in-place orders and required closures of non-essential businesses. We cannot predict the extent to which any lingering effects of the COVID-19 pandemic may affect our future business or operating results, which is highly dependent on inherently uncertain future developments, including the severity of outbreaks of COVID-19, the effects of new variants, the actions taken by governments and private businesses in relation to COVID-19 containment, the availability, deployment and efficacy of vaccines, and the transition from COVID-19 being a pandemic to an endemic illness. In geographies where we, our customers or our employees operate, health concerns and political or governmental developments in response to COVID-19 have resulted in, and could in the future result in, economic, social or labor instability or prolonged contractions in the industries in which our customers operate, slowdowns in our product development efforts, or other effects that may have a material adverse effect on our business or our results of operations and financial condition. The Russian-Ukraine war and the supply chain disruption have not affected any specific segment of our business.

LIQUIDITY AND CAPITAL RESOURCES

3 Months Ended

Mar. 31, 2023

NOTE－ 2 LIQUIDITY AND CAPITAL RESOURCES

The accompanying audited consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

As of March 31, 2023, the Company had cash balances of $13,827,941, a working capital surplus of $7,511,721 and accumulated deficit $86,433,490. For the three months ended March 31, 2023, the Company had a net loss of $5,390,213 and net cash used in operating activities of $4,015,201. Net cash used in investing activities was $190,061. Net cash used in financing activities was $541,988, resulting principally from share repurchase.

While the Company believes that it will be able to continue to grow the Company's revenue base and control expenditures, there is no assurance that it will be able to achieve these goals. As a result, the Company continually monitors its capital structure and operating plans and evaluates various potential funding alternatives that may be needed to finance the Company's business development activities, general and administrative expenses and growth strategy.

Impact of COVID-19 and other Global Events

The spread of COVID-19 and the developments surrounding the global pandemic have had and may continue to have significantly negative impacts on all aspects of our business, including negative effects on our travel and digital media verticals . In response to the pandemic, many governments around the world implemented a variety of measures to reduce the spread of COVID-19, including travel restrictions and bans, instructions to residents to practice social distancing, quarantine advisories, shelter-in-place orders and required closures of non-essential businesses.

We cannot predict the extent to which any lingering effects of the COVID-19 pandemic may affect our future business or operating results, which is highly dependent on inherently uncertain future developments, including the severity of outbreaks of COVID-19, the effects of new variants, the actions taken by governments and private businesses in relation to COVID-19 containment, the availability, deployment and efficacy of vaccines, and the transition from COVID-19 being a pandemic to an endemic illness. In geographies where we, our customers or our employees operate, health concerns and political or governmental developments in response to COVID-19 have resulted in, and could in the future result in, economic, social or labor instability or prolonged contractions in the industries in which our customers operate, slowdowns in our product development efforts, or other effects that may have a material adverse effect on our business or our results of operations and financial condition.

The Russian-Ukraine war and the supply chain disruption have not affected any specific segment of our business.