v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 3,587,191 $ 11,167,442
Short-term investments 74,500,000 70,000,000
Interest receivable 1,302,212 677,397
Accounts receivable 306,423 72,739
Prepaid expenses and other current assets 724,111 459,274
Total Current Assets 80,419,937 82,376,852
Restricted cash 5,000,000 5,000,000
Property and equipment, net 3,459,550 4,005,622
Digital assets 49,392 49,761
Intangible assets, net 586,837 22,836
Deposits 379,105 379,105
Operating lease right-of-use asset 5,618,413 5,845,549
Other assets 99,900 49,950
Total Assets 95,613,134 97,729,675
Current Liabilities    
Accounts payable 538,227 317,561
Accrued expenses and other current liabilities 1,896,874 1,645,379
Deferred revenue 1,146,200 108,428
Operating lease liability, current portion 1,279,117 1,227,164
Total Current Liabilities 4,860,418 3,298,532
Operating lease liability, non-current portion 6,194,507 6,527,075
Total Liabilities 11,054,925 9,825,607
Commitments and Contingencies (Note 4)
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 March 31, 2023 and December 31, 2022, and 37,398,120 and 38,503,724 shares outstanding at March 31, 2023 and December 31, 2022, respectively 3,909 3,909
Additional paid in capital 198,531,740 198,526,614
Accumulated deficit (112,129,355) (110,235,568)
Accumulated other comprehensive income 221,555 219,675
Treasury stock, at cost, 1,687,350 and 581,746 shares at March 31, 2023 and December 31, 2022, respectively (2,069,640) (610,562)
Total Stockholders’ Equity 84,558,209 87,904,068
Total Liabilities and Stockholders’ Equity $ 95,613,134 $ 97,729,675

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