v3.24.2.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 226,750 $ 3,124,413
Accounts receivable, net of provision for credit losses of $0 3,440,121 1,648,904
Prepaid expenses and other 494,616 18,368
Income tax receivable 9,640 7,230
Total current assets 4,171,127 4,798,915
PROPERTY AND EQUIPMENT, NET 0 1,861
OTHER ASSETS    
Other assets 180,432 182,333
Operating lease right of use asset 953,713 1,104,804
TOTAL ASSETS 5,305,272 6,087,913
CURRENT LIABILITIES:    
Accounts payable - trade 1,505,442 2,908,472
Advances from founders 2,550,000 1,750,000
Accrued expenses 161,406 200,531
Senior Secured Convertible Promissory Notes 2,675,919 2,825,366
Current portion of operating lease liability 198,002 174,876
Deferred revenue- current portion 3,791,970 4,008,654
Total current liabilities 10,882,739 11,867,899
NON-CURRENT LIABILITIES:    
Operating lease liability, net of current portion 795,993 943,702
Warrant liability 5,972,729 667,985
Earnout liability 11,741,351 5,133,428
Deferred revenue- non-current 3,878,997 4,962,126
Total liabilities 33,271,809 23,575,140
STOCKHOLDERS' DEFICIT:    
Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock - $0.0001 par value, 200,000,000 shares authorized, 23,736,027 and 22,812,048 shares issued and outstanding as of June 30, 2024 and December 31, 2023 2,372 2,281
Additional paid in capital 3,014,089 0
Accumulated deficit (30,979,174) (17,476,700)
Accumulated other comprehensive loss (3,824) (12,808)
Total stockholders' deficit (27,966,537) (17,487,227)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 5,305,272 $ 6,087,913

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