Revenue

67,531

479,156

-

546,687

Cost of revenue (exclusive of depreciation and amortization, shown separately below)

-

(370,711

)

-

(370,711

)

Gross profit (loss)

67,531

108,445

-

175,976

​

​

​

​

Operating Expenses:

​

​

​

​

Salaries and benefits

268,209

206,617

507,716

982,542

Stock based compensation

-

-

-

-

General and administrative

3,622

11,900

17,663

33,185

Sales and marketing

98,832

33,969

821

133,622

Professional service fees

210,650

25,567

1,236,574

1,472,791

Technology

89,786

90,503

78,468

258,757

Organization costs

-

-

96,100

96,100

Depreciation and amortization

-

-

336,669

336,669

Provision for credit losses

-

-

88,772

88,772

Other expenses

58

47,178

43,457

90,693

Total Operating Expenses

671,157

415,734

2,406,240

3,493,131

Operating Loss

(603,626

)

(307,289

)

(2,406,240

)

(3,317,155

)

​

​

​

​

Other Income (Expense)

​

​

​

​

Gain/(Loss) on extinguishment of liability

​

​

​

-

Gain/(Loss) on derivative liability

​

​

​

20,000

Gain/(Loss) revaluation of warrant liability

​

​

​

296,242

Gain/(Loss) on transaction costs allocable to warrant liability

​

​

​

(39,285

)

Interest income (expense), net

​

​

​

(651,050

)

Other income (expense)

​

​

​

2,765

Total Other Income (Expense)

​

​

​

(371,328

)

Net loss before provision for income taxes

​

​

​

(3,688,483

)

Provision for income taxes

​

​

​

-

Net loss before share of net loss in equity method investee

​

​

​

(3,688,483

)

Share of net loss of equity method investee

​

​

​

(35,200

)

Net loss

​

​

​

(3,723,683

)

Preferred dividends

​

​

​

(28,314

)

Net Loss Applicable to Common Stockholders

​

​

​

(3,751,997

)

Revenue

5,653

751,995

-

757,648

Cost of revenue (exclusive of depreciation and amortization, shown separately below)

-

(592,073

)

-

(592,073

)

Gross profit (loss)

5,653

159,922

-

165,575

​

​

​

​

Operating Expenses:

​

​

​

​

Salaries and benefits

57,131

257,648

380,759

695,538

Stock based compensation

​

​

​

-

General and administrative

5,162

16,074

10,500

31,736

Sales and marketing

107,711

45,900

20,833

174,444

Professional service fees

186,674

10,003

1,232,395

1,429,072

Technology

100,025

92,187

74,809

267,021

Organization costs

470,105

470,105

Depreciation and amortization

216,625

216,625

Other expenses

31,872

52,039

83,911

Total Operating Expenses

456,703

453,684

2,458,065

3,368,452

Operating Loss

(451,050

)

(293,762

)

(2,458,065

)

(3,202,877

)

​

​

​

​

Other Income (Expense)

​

​

​

​

Gain/(Loss) on extinguishment of liability

​

​

​

-

Gain/(Loss) on derivative liability

​

​

​

10,000

Gain/(Loss) revaluation of warrant liability

​

​

​

-

Gain/(Loss) on transaction costs allocable to warrant liability

​

​

​

-

Interest income (expense), net

​

​

​

(288,278

)

Other income (expense)

​

​

​

583,000

Total Other Income (Expense)

​

​

​

304,722

Net loss before provision for income taxes

​

​

​

(2,898,155

)

Provision for income taxes

​

​

​

-

Net loss before share of net income (loss) in equity method investee

​

​

​

(2,898,155

)

Share of net income (loss) of equity method investee

​

​

​

-

Net loss

​

​

​

(2,898,155

)

Preferred dividends

​

​

​

(183,263

)

Net Loss Applicable to Common Stockholders

​

​

​

(3,081,418

)

Revenue

108,483

1,889,939

-

1,998,422

Cost of revenue (exclusive of depreciation and amortization, shown separately below)

-

(1,614,347

)

-

(1,614,347

)

Gross profit (loss)

108,483

275,592

-

384,075

​

​

​

​

Operating Expenses:

​

​

​

​

Salaries and benefits

480,614

412,496

996,833

1,889,943

Stock based compensation

-

-

(13,660

)

(13,660

)

General and administrative

5,373

22,661

39,777

67,811

Sales and marketing

201,519

66,130

821

268,470

Professional service fees

460,940

58,372

2,239,850

2,759,162

Technology

189,590

171,398

152,497

513,485

Organization costs

-

-

146,204

146,204

Depreciation and amortization

-

-

673,338

673,338

Provision for credit losses

-

-

154,333

154,333

Other expenses

88

66,770

89,039

155,897

Total Operating Expenses

1,338,124

797,827

4,479,032

6,614,983

Operating Loss

(1,229,641

)

(522,235

)

(4,479,032

)

(6,230,908

)

​

​

​

​

Other Income (Expense)

​

​

​

​

Gain/(Loss) on extinguishment of liability

​

​

​

​

Gain/(Loss) on derivative liability

​

​

​

60,000

Gain/(Loss) revaluation of warrant liability

​

​

​

296,242

Gain/(Loss) on transaction costs allocable to warrant liability

​

​

​

(39,285

)

Interest income (expense), net

​

​

​

(902,633

)

Other income (expense)

​

​

​

2,632

Total Other Income (Expense)

​

​

​

(583,044

)

Net loss before provision for income taxes

​

​

​

(6,813,952

)

Provision for income taxes

​

​

​

-

Net loss before share of net income (loss) in equity method investee

​

​

​

(6,813,952

)

Share of net loss of equity method investee

​

​

​

(35,200

)

Net loss

​

​

​

(6,849,152

)

Preferred dividends

​

​

​

(48,005

)

Net Loss Applicable to Common Stockholders

​

​

​

(6,897,157

)

Revenue

5,653

890,822

-

896,475

Cost of revenue (exclusive of depreciation and amortization, shown separately below)

-

(691,994

)

-

(691,994

)

Gross profit (loss)

5,653

198,828

-

204,481

​

​

​

​

Operating Expenses:

​

​

​

​

Salaries and benefits

93,635

560,904

737,914

1,392,453

Stock based compensation

-

-

138,325

138,325

General and administrative

5,821

23,219

33,284

62,324

Sales and marketing

112,661

68,485

83,333

264,479

Professional service fees

206,674

13,281

2,378,593

2,598,548

Technology

229,981

192,822

146,033

568,836

Organization costs

-

-

2,469,775

2,469,775

Depreciation and amortization

-

-

423,274

423,274

Other expenses

-

31,872

97,209

129,081

Total Operating Expenses

648,772

890,583

6,507,740

8,047,095

Operating Loss

(643,119

)

(691,755

)

(6,507,740

)

(7,842,614

)

​

​

​

​

Other Income (Expense)

​

​

​

​

Gain/(Loss) on extinguishment of liability

​

​

​

(70,100

)

Gain/(Loss) on derivative liability

​

​

​

10,000

Gain/(Loss) revaluation of warrant liability

​

​

​

-

Gain/(Loss) on transaction costs allocable to warrant liability

​

​

​

-

Interest income (expense), net

​

​

​

(564,612

)

Other income (expense)

​

​

​

1,123,245

Total Other Income (Expense)

​

​

​

498,533

Net loss before provision for income taxes

​

​

​

(7,344,081

)

Provision for income taxes

​

​

​

-

Net loss before share of net income (loss) in equity method investee

​

​

​

(7,344,081

)

Share of net loss of equity method investee

​

​

​

(11,307

)

Net loss

​

​

​

(7,355,388

)

Preferred dividends

​

​

​

(247,725

)

Net Loss Applicable to Common Stockholders

​

​

​

(7,603,113

)