General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 8,726,150 $ 13,764,508 $ 19,183,044
Restricted cash 12,101,689 9,352,608 6,750,599
Accounts receivable, net 1,009,250 1,437,786 208,762
Unbilled receivable 705,204 350,393 14,978
Prepaid expenses and other current assets 1,162,677 1,601,920 743,126
Other receivables 44,421 30,634 91,498
Total current assets 23,749,391 26,537,849 26,992,007
Property and equipment, net 716,128 1,506,082 889,935
Capitalized software, net 3,358,200 4,588,706 6,304,854
Operating lease right-of-use assets 2,760,427 3,841,810 2,043,624
Goodwill 6,035,200 5,837,060 2,382,917
Intangible assets, net 5,775,705 6,323,279 5,507,693
Security deposits 1,307,454 1,293,166 52,277
Other long-term asset 21,668 21,668 28,333
Total assets 43,724,173 49,949,620 44,201,640
Current liabilities:      
Accounts payable 2,147,065 1,457,670 1,125,906
Accrued expenses 4,953,106 5,274,716 2,525,037
Accrued fiduciary obligations 10,737,362 9,024,463 5,541,067
Deferred revenue 1,316,182 288,499 1,165,248
Current portion of operating lease liabilities 784,935 1,311,295 784,493
Other liabilities, current   3,201 3,637
Total current liabilities 22,233,403 17,359,844 11,145,388
Other long-term liabilities 18,724,511 20,203,700 45,000
Operating lease liabilities, net of current portion 3,955,139 4,771,871 1,301,828
Deferred tax liabilities 1,479,880 1,479,880 2,001,012
Total liabilities 46,392,933 43,815,295 14,493,228
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' (DEFICIT) EQUITY      
Common stock, value [1] 725 532  
Additional paid-in capital 61,754,084 54,127,893  
Accumulated deficit (64,423,569) (47,994,100) (21,525,710)
Total stockholders' (deficit) equity (2,668,760) 6,134,325 29,708,412
Total liabilities and stockholders' (deficit) equity 43,724,173 49,949,620 44,201,640
Previously Reported [Member]      
STOCKHOLDERS' (DEFICIT) EQUITY      
Common stock, value   531 507
Additional paid-in capital   54,127,894 51,233,615
Total stockholders' (deficit) equity   6,134,325  
Non related Party      
Current liabilities:      
Other liabilities, current 2,294,751    
Related Party      
Current liabilities:      
Other liabilities, current $ 2 $ 3,201 $ 3,637
[1] Reflects 1-for-4 reverse stock split that became effective June 29, 2023. See Note 1 to the unaudited condensed consolidated financial statements.