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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net loss $ (1,829,451) $ (1,893,787)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 471,600 5,126
Non-cash operating lease expense 270,027 227,136
Digital currency received as revenue (26)
Expenses paid using digital assets 395
Depreciation and amortization 373,731 578,560
Changes in operating assets and liabilities:    
Accounts receivable 55,440 (233,684)
Interest receivable (527,353) (624,815)
Prepaid expenses and other current assets (52,239) (264,837)
Accounts payable (184,702) 164,163
Accrued expenses and other current liabilities (361,443) 251,495
Operating lease liability (362,834) (280,615)
Deferred revenue 1,902 1,037,772
Total Adjustments (315,871) 860,670
Net Cash Used In Operating Activities (2,145,322) (1,033,117)
Cash Flows From Investing Activities    
Expenditures on software development costs (49,950)
Issuance of short-term loan (1,340,149)
Proceeds from maturing of short-term investments 6,500,000
Purchases of short-term investments (19,642,386) (4,500,000)
Purchases of intangible assets (508,500)
Purchases of property and equipment (10,639) (36,934)
Net Cash Used In Investing Activities (14,493,174) (5,095,384)
Cash Flows From Financing Activities    
Repurchases of common stock (1,459,078)
Proceeds from issuance of common stock in share purchase agreement 2,000,000
Proceeds from short-term loan 5,626,654
Net Cash Provided By (Used In) Financing Activities 7,626,654 (1,459,078)
Effect of Exchange Rate Changes on Cash (7,776) 7,328
Net Decrease In Cash, Cash Equivalents, And Restricted Cash (9,019,618) (7,580,251)
Cash, cash equivalents, and restricted cash - Beginning of Period 21,320,583 16,167,442
Cash, cash equivalents, and restricted cash - End of Period 12,300,965 8,587,191
Cash and restricted cash consisted of the following:    
Cash 7,300,965 3,587,191
Restricted cash 5,000,000 5,000,000
Total $ 12,300,965 $ 8,587,191

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