v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue:    
Transaction and processing fees $ 28,950,785 $ 15,810,626
Merchant equipment rental and sales 64,900 131,802
Revenue, net - cryptocurrency mining 726,179 304,004
Other revenue from monthly recurring subscriptions 627,115 464,327
Total revenue 30,368,979 16,710,759
Operating expenses:    
Processing and servicing costs, excluding merchant portfolio amortization 23,152,397 13,480,212
Amortization and depreciation expense 3,664,488 1,703,401
Depreciation expense - cryptocurrency mining 3,193,683 187,498
Salaries and wages 3,073,598 2,126,451
Professional fees 964,541 1,590,520
General and administrative expenses 4,490,731 2,387,416
Total operating expenses 38,539,438 21,475,498
Loss from operations (8,170,459) (4,764,739)
Other income (expense):    
Interest expense (116,737)
Gain on forgiveness of debt 236,231
Litigation expense (333,158)
Other income 383,190 45
Total other income (expense) 383,190 (213,619)
Net Loss (7,787,269) (4,978,358)
Less: Preferred dividends (related parties) (401,903) (555,960)
Net loss to common shareholders $ (8,189,172) $ (5,534,318)
Net loss per share, basic and diluted (in Dollars per share) $ (0.56) $ (0.7)
Weighted average shares outstanding, basic and diluted (in Shares) 14,678,990 7,918,263