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

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]            
Revenue $ 10,046,980 $ 5,556,506 $ 19,719,024 $ 11,775,315 $ 24,341,874 $ 14,226,794
Costs and expenses            
Cost of revenue (exclusive of depreciation and amortization shown separately below) 6,429,688 4,151,560 12,838,490 8,698,355 17,136,330 10,289,578
General and administrative 5,725,071 2,319,977 10,951,490 5,222,109 12,318,529 8,055,572
Sales and marketing 1,473,311 2,216,788 3,652,428 3,775,904 6,938,513 4,965,209
Information technology 1,319,443 1,189,733 3,506,252 2,324,006 6,372,795 2,492,060
Research and development 523,432 1,309,157 1,023,641 1,902,264 3,708,068 1,733,964
Depreciation and amortization 1,002,946 776,411 2,046,582 1,601,809 3,538,237 1,961,733
Facilities 500,189 196,341 1,150,025 392,936 1,012,827 589,926
Loss on disposal of assets 343,588 60,471 343,588 60,471 273,430  
Total costs and expenses 17,317,668 12,220,438 35,512,496 23,977,854 51,298,729 30,088,042
Operating loss (7,270,688) (6,663,932) (15,793,472) (12,202,539) (26,956,855) (15,861,248)
Other income (expenses)            
Other income 50,451 (9,706) 100,905 39,291 234,472 172,513
Interest expense net (333,279) (562) (718,289) (4,507) (266,778) (427,178)
Foreign exchange (loss) gain (3,104) 9,418 (18,613) 13,309 (361) (18,922)
Loss before provision for income taxes (7,556,620) (6,664,782) (16,429,469) (12,154,446) (26,989,522) (16,134,835)
Income tax expense         (521,132) (150,000)
Net loss $ (7,556,620) $ (6,664,782) $ (16,429,469) $ (12,154,446) $ (26,468,390) $ (15,984,835)
Net loss per share, basic $ (1.1) [1] $ (1.34) [1] $ (2.7) [1] $ (2.46) [1] $ (5.23) [2] $ (6.35) [2]
Net loss per share, fully diluted $ (1.1) [1] $ (1.34) [1] $ (2.7) [1] $ (2.46) [1] $ (5.23) [2] $ (6.35) [2]
Weighted average shares of common stock outstanding, basic 6,844,778 [1] 4,961,836 [1] 6,080,200 [1] 4,947,691 [1] 5,059,959 [2] 2,519,124 [2]
Weighted average shares of common stock outstanding, diluted 6,844,778 [1] 4,961,836 [1] 6,080,200 [1] 4,947,691 [1] 5,059,959 [2] 2,519,124 [2]
[1] Reflects 1-for-4 reverse stock split that became effective June 29, 2023. See Note 1 to the unaudited condensed consolidated financial statements.
[2] Reflects 1-for-4 reverse stock split that became effective June 29, 2023. The computation of basic and diluted net loss per share was retroactively adjusted for all periods presented. See Note 3 to the consolidated financial statements.