v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 10,435,990 $ 11,167,442
Short-term investments 59,950,000 70,000,000
Interest receivable 2,058,576 677,397
Accounts receivable 10,673 72,739
Prepaid expenses and other current assets 470,390 459,274
Total Current Assets 76,425,629 82,376,852
Restricted cash 5,000,000 5,000,000
Property and equipment, net 3,794,373 4,005,622
Digital assets 49,300 49,761
Intangible assets, net 688,721 72,786
Deposits 380,703 379,105
Operating lease right-of-use asset 5,411,841 5,845,549
Total Assets 91,750,567 97,729,675
Current Liabilities    
Accounts payable 470,264 317,561
Accrued expenses and other current liabilities 306,270 1,645,379
Deferred revenue 357,677 108,428
Operating lease liability, current portion 1,390,533 1,227,164
Total Current Liabilities 2,524,744 3,298,532
Operating lease liability, non-current portion 5,744,166 6,527,075
Total Liabilities 8,268,910 9,825,607
Commitments and Contingencies (Note 5)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized, 39,085,470 shares issued at September 30, 2023 and December 31, 2022, and 36,842,663 and 38,503,724 shares outstanding at September 30, 2023 and December 31, 2022, respectively 3,909 3,909
Additional paid in capital 198,663,219 198,526,614
Accumulated deficit (112,745,327) (110,235,568)
Accumulated other comprehensive income 221,555 219,675
Treasury stock, at cost, 2,242,807 and 581,746 shares at September 30, 2023 and December 31, 2022, respectively (2,661,699) (610,562)
Total Stockholders’ Equity 83,481,657 87,904,068
Total Liabilities and Stockholders’ Equity 91,750,567 97,729,675
Related Party    
Current Assets    
Due from affiliate $ 3,500,000

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