| 2023 | High Pre Split | High Post Split | Low Pre Split | Low Post Split | ||||||||||||
| First Quarter | $ | 0.58 | $ | 11.60 | $ | 0.35 | $ | 7.00 | ||||||||
| Second Quarter | $ | 0.50 | $ | 10.00 | $ | 0.22 | $ | 4.40 | ||||||||
| Third Quarter | $ | 0.26 | $ | 5.20 | $ | 0.16 | $ | 3.20 | ||||||||
| Fourth Quarter | $ | 0.18 | $ | 3.60 | $ | 0.10 | $ | 2.00 | ||||||||
| Name | Weighted Average Estimated Used Life (Years) | Gross Carrying Amount | Accumulated Amortization | Impairment | Net Book Value as of December 31, 2022 | |||||||||||||||
| Intellectual property/technology | 5.99 | $ | 5,671,026 | $ | (1,197,165) | $ | — | $ | 4,473,861 | |||||||||||
| Customer base | 8.17 | 4,411,499 | (1,525,842) | 2,885,657 | ||||||||||||||||
| Tradenames and trademarks | 8.17 | 2,082,338 | (324,447) | — | 1,757,891 | |||||||||||||||
| Non-compete agreement | 0.68 | 901,198 | (565,265) | — | 335,933 | |||||||||||||||
| Platform development costs | 2.97 | 1,987,735 | (655,219) | — | 1,332,516 | |||||||||||||||
| Internal use software costs | 2.97 | 896,325 | (174,530) | 721,795 | ||||||||||||||||
| Total intangible assets, net | 4.75 | $ | 15,950,121 | $ | (4,442,468) | $ | — | $ | 11,507,653 | |||||||||||
| Shares | Weighted Average Grant Date Fair Value | |||||||
| Outstanding as of December 31, 2021 | 1,147,250 | $ | 3.78 | |||||
| Granted | 749,067 | 0.93 | ||||||
| Canceled | (271,000) | 2.79 | ||||||
| Vested and released | (596,357) | 3.18 | ||||||
| Outstanding as of December 31, 2022 | 1,028,960 | $ | 2.31 | |||||
| Vested as of December 31, 2022 | 471,484 | $ | 3.23 | |||||
| Unvested as of December 31, 2022 | 557,476 | $ | 1.53 | |||||
| Shares | Weighted Average Exercise Price | Weighted Average Fair Value | Weighted Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value | ||||||||||||||||
| Outstanding as of December 31, 2021 | 2,541,667 | $ | 2.88 | $ | 1.57 | 4.27 | $ | 1,244,029 | ||||||||||||
| Granted | 512,065 | 0.66 | 0.32 | 3.02 | — | |||||||||||||||
| Exercised | (185,000) | 0.40 | 0.29 | — | — | |||||||||||||||
| Expired/forfeited | (307,501) | 6.47 | 3.46 | — | — | |||||||||||||||
| Outstanding as of December 31, 2022 | 2,561,231 | $ | 2.18 | $ | 1.19 | 3.33 | $ | 31,124 | ||||||||||||
| Exercisable as of December 31, 2022 | 2,046,309 | $ | 2.37 | $ | 1.30 | 3.06 | $ | 31,124 | ||||||||||||
| Fair value of plan assets | $ | 2,661,718 | ||
| Less: PBO | (2,877,851) | |||
| Underfunded status, end of period | $ | (216,133) |
