Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 90,728,536 $ 92,887,030
Accounts receivable 889,929 389,040
Prepaid expenses and other current assets 802,317 984,777
Total Current Assets 92,420,782 94,260,847
Restricted cash 5,000,000 5,000,000
Property and equipment, net 5,334,573 6,136,893
Digital assets 218,785  
Intangible assets, net 25,829 26,827
Deposits 379,105 379,105
Total Assets 103,379,074 105,803,672
Current Liabilities    
Accounts payable 388,209 341,161
Accrued expenses and other current liabilities, current portion 3,415,998 2,966,245
Accrued expenses - related party 1,800,000 1,800,000
Deferred revenue 365,537 141,825
Total Current Liabilities 5,969,744 5,249,231
Deferred rent 1,891,127 1,907,634
Accrued expenses, non-current portion 208,333
Total Liabilities 8,069,204 7,156,865
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, 39,116,907 shares issued and outstanding at March 31, 2022 and December 31, 2021 3,912 3,912
Additional paid in capital 198,186,268 197,784,972
Accumulated deficit (103,162,880) (99,411,683)
Accumulated other comprehensive income 282,570 269,606
Total Stockholders’ Equity 95,309,870 98,646,807
Total Liabilities and Stockholders’ Equity $ 103,379,074 $ 105,803,672