Related Party Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2023 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
NOTE 15 – RELATED PARTY TRANSACTIONS
The Company had a long-term equity investment in Dynam with a carrying value of $0 and $1,500,000 as of December 31, 2023 and December 31, 2022, respectively. See Note 7 – Long-Term Equity Investment. Our CEO and President Eric Brock was a director of Dynam. Another director of the Company has invested an aggregate of $25,000 in Dynam as of December 31, 2023.
In addition to the equity investment, the Company paid Dynam for services of $0 and $2,026,400 during the years ended December 31, 2023 and 2022, respectively.
As of December 31, 2023 and 2022, the Company owed $22,500 and $359,159 to independent directors, respectively, related to accrued compensation and proceeds from sale of Common Stock, which is included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets. |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|