Alfi (ALF) 10-Q/A 16 May 22 2021 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 16, 2021
Document Information [Line Items]
Document Type	10-Q/A
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Entity File Number	001-40294
Entity Registrant Name	Alfi, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	30-1107078
Entity Address State Or Province	FL
Entity Address, Address Line One	429 Lenox Avenue
Entity Address, City or Town	Miami Beach
Entity Address, Postal Zip Code	33139
City Area Code	(305)
Local Phone Number	395-4520
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,174,324
Entity Central Index Key	0001833908
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	true
Amendment Description	Amendment No. 1
Warrants
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $4.57
Trading Symbol	ALFIW
Security Exchange Name	NASDAQ
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.0001 per share
Trading Symbol	ALF
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 19,693,653	$ 8,335
Prepaid expenses and other	2,415,361	793
Total current assets	22,109,014	9,128
Property and equipment, net	150,519	506,294
Intangible assets, net	800,259	888,271
Operating lease right-of-use asset, net	121,924	149,032
Other assets	55,350	7,940
Total assets	23,237,065	1,560,666
Current liabilities:
Accounts payable and accrued expenses	982,231	1,000,876
Debt, related parties		3,728,808
Lease liability	124,935	152,646
Interest payable, related parties		116,600
Total current liabilities	1,107,166	4,998,930
Total liabilities	1,107,166	4,998,930
Stockholders' Equity (Deficit)
Series Seed convertible preferred stock, $0.0001 par value, 2,500,000 shares authorized, -0- and 2,500,000 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively		2,500,000
Common stock, $0.0001 par value, 80,000,000 shares authorized, 16,052,833 and 4,441,582 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	1,606	444
Additional paid-in capital	37,153,705	2,076,150
Accumulated deficit	(15,025,412)	(8,014,858)
Total stockholders' equity (deficit)	22,129,899	(3,438,264)
Total liabilities and stockholders' equity (deficit)	$ 23,237,065	$ 1,560,666

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Consolidated Balance Sheets
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	2,500,000	2,500,000
Preferred stock, shares issued	0	2,500,000
preferred stock, shares outstanding	0	2,500,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	16,052,833	4,441,582
Common stock, shares outstanding	16,052,833	4,441,582

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Consolidated Statement of Operations (Unaudited)
Revenues	$ 936				$ 18,386
Operating expenses
Compensation and benefits	1,197,742		$ 202,936		2,080,953	$ 372,705
Other general and administrative	2,311,291		271,384		3,563,150	701,973
Depreciation and amortization	248,173		199,791		495,488	209,355
Total operating expenses	3,757,205		674,111		6,139,590	1,284,032
Operating loss	(3,756,269)		(674,111)		(6,121,204)	(1,284,032)
Other income (expense)
Other income	16,334		53,745		29,351	64,104
Interest expense	(561,786)		(70,037)		(918,700)	(86,429)
Total other expense	(545,453)		(16,291)		(889,349)	(22,325)
Net loss before provision for income taxes	(4,301,722)		(690,402)		(7,010,553)	(1,306,357)
Provision for income taxes					0
Net loss	$ (4,301,722)	$ (2,708,831)	$ (690,402)	$ (615,955)	$ (7,010,553)	$ (1,306,357)
Loss per share basic	$ (0.42)		$ (0.22)		$ (0.95)	$ (0.41)
Loss per share diluted	$ (0.42)		$ (0.22)		$ (0.95)	$ (0.41)
Weighted average shares outstanding basic	10,244,608		3,150,750		7,351,845	3,150,404
Weighted average shares outstanding diluted	10,244,608		3,150,750		7,351,845	3,150,404

Consolidated Statement of Chang

Consolidated Statement of Changes to Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Series Seed Convertible Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning balance at Dec. 31, 2019	$ 2,500,000	$ 315		$ (2,467,584)	$ 32,731
Beginning balance (in shares) at Dec. 31, 2019	2,500,000	3,150,058
Net loss				(615,955)	(615,955)
Ending balance at Mar. 31, 2020	$ 2,500,000	$ 315		(3,083,539)	(583,224)
Ending balance (in shares) at Mar. 31, 2020	2,500,000	3,150,058
Beginning balance at Dec. 31, 2019	$ 2,500,000	$ 315		(2,467,584)	32,731
Beginning balance (in shares) at Dec. 31, 2019	2,500,000	3,150,058
Net loss					(1,306,357)
Ending balance at Jun. 30, 2020	$ 2,500,000	$ 315	$ 14,358	(3,773,941)	(1,259,268)
Ending balance (in shares) at Jun. 30, 2020	2,500,000	3,150,058
Beginning balance at Dec. 31, 2019	$ 2,500,000	$ 315		(2,467,584)	32,731
Beginning balance (in shares) at Dec. 31, 2019	2,500,000	3,150,058
Ending balance at Dec. 31, 2020	$ 2,500,000	$ 444	2,076,151	(8,014,859)	(3,438,264)
Ending balance (in shares) at Dec. 31, 2020	2,500,000	4,441,582
Beginning balance at Mar. 31, 2020	$ 2,500,000	$ 315		(3,083,539)	(583,224)
Beginning balance (in shares) at Mar. 31, 2020	2,500,000	3,150,058
Share based compensation			14,358		14,358
Net loss				(690,402)	(690,402)
Ending balance at Jun. 30, 2020	$ 2,500,000	$ 315	14,358	(3,773,941)	(1,259,268)
Ending balance (in shares) at Jun. 30, 2020	2,500,000	3,150,058
Beginning balance at Dec. 31, 2020	$ 2,500,000	$ 444	2,076,151	(8,014,859)	$ (3,438,264)
Beginning balance (in shares) at Dec. 31, 2020	2,500,000	4,441,582
Shares issued for cash (in shares)					157,503
Shares issued with debt		$ 16	249,984		$ 250,000
Shares issued with debt (in shares)		157,503
Share based compensation			46,684		46,684
Net loss				(2,708,831)	(2,708,831)
Ending balance at Mar. 31, 2021	$ 2,500,000	$ 460	2,372,819	(10,723,690)	(5,850,411)
Ending balance (in shares) at Mar. 31, 2021	2,500,000	4,599,085
Beginning balance at Dec. 31, 2020	$ 2,500,000	$ 444	2,076,151	(8,014,859)	(3,438,264)
Beginning balance (in shares) at Dec. 31, 2020	2,500,000	4,441,582
Warrants issued for cash					$ 15,500,000
Exercise of warrants (in shares)					3,385,746
Net loss					$ (7,010,553)
Ending balance at Jun. 30, 2021		$ 1,606	37,153,705	(15,025,412)	22,129,899
Ending balance (in shares) at Jun. 30, 2021		16,052,833
Beginning balance at Mar. 31, 2021	$ 2,500,000	$ 460	2,372,819	(10,723,690)	(5,850,411)
Beginning balance (in shares) at Mar. 31, 2021	2,500,000	4,599,085
Shares issued for cash		$ 429	10,993,471		10,993,900
Shares issued for cash (in shares)		4,291,045
Shares issued with debt		$ 32	499,968		500,000
Shares issued with debt (in shares)		315,007
Share based compensation			85,256		85,256
Warrants issued for cash			4,738,750		4,738,750
Exercise of warrants		$ 338	15,472,521		15,472,859
Exercise of warrants (in shares)		3,385,746
Shares issued for services		$ 30	476,150		476,180
Shares issued for services (in shares)		300,000
Exercise of options		$ 2	15,085		15,087
Exercise of options (in shares)		11,892
Conversion of convertible preferred stock to common	$ (2,500,000)	$ 315	2,499,685
Conversion of convertible preferred stock to common (in shares)	(2,500,000)	3,150,058
Net loss				(4,301,722)	(4,301,722)
Ending balance at Jun. 30, 2021		$ 1,606	$ 37,153,705	$ (15,025,412)	$ 22,129,899
Ending balance (in shares) at Jun. 30, 2021		16,052,833

Consolidated Statement of Cashf

Consolidated Statement of Cashflows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net loss	$ (7,010,553)	$ (1,306,357)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	495,488	209,355
Shares issued with debt	750,000
Share based compensation	131,942	14,358
Share based payments for services	476,180
Amortization of operating lease right-of-use asset	27,109	29,165
Changes in assets and liabilities:
Prepaid expenses and other assets	(2,414,568)	2,250
Other assets	(47,410)	65
Accounts payable and accrued expenses	(18,645)	(8,671)
Lease liability	(27,711)	(28,677)
Interest payable, related parties	(116,600)	42,446
Net cash used in operating activities	(7,754,769)	(1,046,067)
Investing activities
Capital expenditures	(51,697)	(1,026,857)
Acquisition of intangible assets		(307,728)
Net cash used in investing activities	(51,697)	(1,334,585)
Financing activities
Proceeds from related party debt payable	2,548,344	2,383,533
Proceeds from issuance of common stock, net	15,732,649
Proceeds from exercise of warrants	15,472,859
Proceeds from exercise of options	15,085
Repayments of related party debt payable	(6,277,154)
Net cash provided by financing activities	27,491,783	2,383,533
Net change in cash and cash equivalents	19,685,318	2,882
Cash and cash equivalents at the beginning of the period	8,335	38,890
Cash and cash equivalents at the end of the period	19,693,653	$ 41,772
Supplemental disclosure of cash flow information
Cash paid for interest	285,478
Supplemental disclosure of non-cash investing and financing activities
Conversion of convertible preferred stock to common stock	$ 2,500,000

BUSINESS DESCRIPTION BACKGROUND

BUSINESS DESCRIPTION BACKGROUND	6 Months Ended
	Jun. 30, 2021
BUSINESS DESCRIPTION BACKGROUND
BUSINESS DESCRIPTION BACKGROUND	​ NOTE 1 BUSINESS DESCRIPTION BACKGROUND Alfi, Inc. is a C-corporation incorporated in Delaware that operates in the technology sector; specifically, Software as a Service (“SaaS”) in the Digital Out Of Home (“DOOH”) Smart Advertising segment. This segment includes artificial intelligence, machine & deep learning, edge computing, Big Data, telecommunications, and the Internet of Things (IoT). Alfi, Inc. includes its wholly owned subsidiary Alfi (N.I.) Ltd, the results of which are presented on a consolidated basis in the financial statements included in this Quarterly Report on form 10-Q/A (this “Quarterly Report”). Alfi (N.I.) Ltd is a registered business in Belfast, Ireland. Collectively, the consolidated entity is referred to as the “Company” or “Alfi” throughout this Quarterly Report. The Company’s timeline of events relative to its current formation above began on April 4, 2018, when Lectrefy, Inc., a Florida corporation, was incorporated. On July 6, 2018, Lectrefy, Inc., a Delaware corporation, was incorporated. On July 11, 2018, Lectrefy, Inc., the Florida corporation, was merged into the newly created entity Lectrefy, Inc., the Delaware corporation. On July 25, 2018, Lectrefy, Inc., the Delaware corporation, became qualified to do business in Florida. On January 31, 2020, Lectrefy, Inc., the Delaware corporation, changed its name to Alfi, Inc. On September 18, 2018, Lectrefy, (N.I.) Ltd was organized in Belfast, Ireland. On February 4, 2020, Lectrefy, (N.I.) Ltd’s name was changed to Alfi (N.I.) Ltd. On February 13, 2020, Lectrefy Inc., the Delaware corporation, registered its name change to Alfi, Inc. in the State of Florida. Alfi seeks to provide solutions that bring transparency and accountability to the DOOH advertising marketplace. Alfi uses artificial intelligence and big data analytics to measure and disseminate audience presence and audience demographics. The Company’s computer vision technology is powered by proprietary artificial intelligence, to determine the relevant demographic and geospecific information of the audience in front of an Alfi-enabled device, such as a tablet or kiosk. Alfi can then deliver in real-time, the advertisements to that particular viewer based on the viewer’s demographic profile and/or geolocation. By delivering the advertisements most relevant to the audience in front of the device, Alfi connects its advertising customers to the viewers they seek to target. The Company’s initial focus is to place Alfi-enabled devices in malls, airports, rideshares and taxis. In addition, the Company has begun offering its software solution to other DOOH media operators as a SaaS product. The Company’s primary activities since inception have been research and development, managing collaborations, and raising capital.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Consolidation The consolidated financial statements include the accounts of Alfi, Inc. and its wholly owned subsidiary, Alfi (N.I.) Ltd. Collectively, these entities make up the consolidated financial statements during the periods presented in this Quarterly Report. All significant intercompany balances and transactions are eliminated in consolidation. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition Under Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers” (“Topic 606”), revenue from contracts with customers is measured based on the consideration specified in the contract with the customer. With respect to Alfi-enabled tablets placed in rideshares or devices placed into service by Alfi, Alfi will recognize revenue on a cost per thousand (“CPM”) basis or a related basis for both the content and advertisements delivered. Alfi contracts (also called insertion orders) for both the advertiser and the content provider specify the amounts to be paid to Alfi for displaying the advertisement or content. Content and advertisements are provided to Alfi by companies desiring to deliver content for viewer engagement. With respect to SaaS licenses, Alfi has entered into two license agreements with third parties to use Alfi-placed devices on customer property and share in advertising revenues. Under these agreements, the customer and Alfi work together to generate advertising revenue, and the devices have remote management access and data reporting that the Alfi platform provides. Alfi began to earn revenue from advertisers during the fourth quarter of 2021. Alfi will recognize the revenue from these contracts monthly, in accordance with Topic 606. Through June 30, 2021, the Company had distributed approximately 1,500 devices (tablets and kiosks) at no cost to rideshare, mall, and airport owners. It is the viewers of the Alfi-enabled device, rather than the rideshare, mall or airport owner that the Alfi-enabled device engages with and to whom The Company delivers advertising and content. The Company recognizes revenue when earned from rideshare sources, advertisers, and content providers. Each contract for placing a device in service with rideshare, mall, or airport owners generally does not trigger a payment from such party to the Company. The Company’s contract with a device host may provide that the Company pays a revenue sharing amount, or fee, based on the revenue the Company derives from that device. The Company will expense that fee in other general and administrative expenses. Removing a tablet from the vehicle or returning it to the Company would automatically cancel the opportunity for a rideshare to receive commissions. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less from the purchase date to be cash equivalents. Property and Equipment Property and equipment includes tablets recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over estimated useful lives of three years. Property and equipment also includes office equipment recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, which for office equipment is three Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Intangible Assets The Company's intangible assets include capitalized software development and patent acquisition costs associated with creation of its technology. The Company places intangible assets into service upon the date in which they are available for use. Intangible assets are amortized over a 5 year useful life for capitalized software development costs and a 15 year useful life for patent acquisition costs. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Prepaid Expenses and Other Assets The Company records up-front payments for insurance and professional services as prepaid expenses. During June 2021, the Company prepaid $2,240,000 for 10,000 Lenovo tablets. The devices were received in July 2021. Fair Value of Financial Instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. Fair values approximate carrying values for cash, accounts payable, notes payable, fixed assets, and amortizable intangible assets. Loss Per Share The Company computes basic net loss per share by dividing net loss per share available to stockholders of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), by the weighted average number of common shares outstanding for the period and excludes the effects of any potentially dilutive securities. Diluted earnings per share, if presented, would include the dilution that would occur upon the exercise or conversion of all potentially dilutive securities into the Common Stock using the “treasury stock” and/or “if converted” methods as applicable. The computation of basic and diluted loss per share excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price of Common Stock during the period. Potentially dilutive securities excluded from the computation of basic net loss per share as of are as follows: ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ 2021 2020 Convertible Series (“Seed”) Preferred stock — 3,150,058 Warrants ​ 1,091,866 ​ — Employee stock options 666,571 196,883 Total potentially dilutive securities 1,758,437 3,346,941 ​ Common Stock The Company issued 3,150,058 shares of Common Stock on April 4, 2018 to the Company’s founders. At June 30, 2021 and December 31, 2020, outstanding shares of Common Stock totaled 16,052,833 and 4,441,582, respectively. During the six-month period ended June 30, 2021, the Company issued 4,291,045 shares of Common Stock for cash in its initial public offering, which was completed on May 6, 2021 (“IPO”), 3,385,746 shares of Common Stock upon exercise of warrants issued in connection with the IPO, and 3,150,058 shares of Common Stock from conversion of all outstanding shares of the Company’s Series Seed Preferred Stock, $0.0001 par value per share (the “Series Seed Preferred Stock”), to shares of Common Stock. The Company paid no dividends on Common Stock issued through June 30, 2021. The Company accounts for Common Stock issued with debt, issued for services, and issued as share based compensation at fair value. ​ Convertible Instruments Through June 30, 2021, the Company did not record or issue convertible notes with beneficial conversion features and did not record debt discounts related to beneficial conversion features. During 2020 and 2019, the Company issued Series Seed Preferred Stock, which was convertible into Common Stock on a 1:1.260023 basis at the option of the holder and is classified as stockholders’ equity on the balance sheet at December 31, 2020. When converted into Common Stock by Series Seed Preferred Stock holders, its fair value approximates the existing carrying (book) value of the Series Seed Preferred Stock as stated. U.S. GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur, and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional. The Company has determined that the embedded conversion options should not be bifurcated from their host instruments and the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments (the beneficial conversion feature) based upon the differences between the fair value of the underlying Common Stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. Thus, no embedded derivatives were identified on the conversion option of the Series Seed Preferred Stock at June 30, 2021 and December 31, 2020. In May 2021, 2,500,000 shares of Series Seed Preferred Stock converted into 3,150,058 shares of Common Stock. There were no outstanding shares of Series Seed Preferred Stock on June 30, 2021. Common Stock Purchase Warrants The Company accounts for warrants to purchase its Common Stock in accordance with ASC 815. Proceeds from the issuance of warrants indexed to the Company’s own stock are classified in stockholders’ equity (deficit). Stock based compensation The Company maintains a stock equity incentive plan, the Alfi, Inc. 2018 Stock Incentive Plan (the “2018 Plan”), under which it may grant non-qualified stock options, incentive stock options, stock appreciation rights, stock awards, performance and performance-based awards, or stock units to employees, non-employee directors and consultants. The Company measures compensation expense for stock-based grants at fair value. Compensation expense is recognized over the vesting period relevant to the award. Income Taxes Deferred income tax assets and liabilities are determined based on the estimated future tax effects of net operating loss and credit carryforwards and temporary differences between the tax basis of assets and liabilities and their respective financial reporting amounts measured at the current enacted tax rates. The Company records an estimated valuation allowance on its deferred income tax assets if it is more likely than not that these deferred income tax assets will be realized. The Company carries a 100% valuation reserve against deferred tax assets. The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company has not recorded any unrecognized tax benefits. The Company’s policy is to record tax-related interest as interest expense and tax-related penalties as general and administrative expenses in the statements of operations. The Company did not recognize any such penalties or interest during the periods presented under this Quarterly Report. Forward Stock Split On March 1, 2021, the Company enacted a forward stock split on a 1.260023:1.000000 basis. Share amounts reflected in this Quarterly Report are presented post-split, unless otherwise noted.

GOING CONCERN AND MANAGEMENT'S

GOING CONCERN AND MANAGEMENT'S LIQUIDITY PLANS	6 Months Ended
	Jun. 30, 2021
GOING CONCERN AND MANAGEMENT'S LIQUIDITY PLANS
GOING CONCERN AND MANAGEMENT'S LIQUIDITY PLANS	NOTE 3 GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS As of August 16, 2021 (the Original Filing date of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021), the Company had not yet generated substantial revenue from customers and business activity has mainly consisted of cash outflows associated with its business development activities. These conditions indicate that there is substantial doubt about the Company’s ability to continue as a going concern within one year from the issuance date of the consolidated financial statements. The Company’s primary source of operating funds since inception through April 2021 was cash proceeds from the private placements of preferred equity and debt securities. During the six months ended June 30, 2021, the Company completed its IPO yielding net proceeds to the Company of approximately $15.7 million from the sale of Common Stock and warrants and approximately $15.5 million from the exercise of warrants. The capital raised included funding for working capital to launch and expand operations in accordance with its business model. The Company intends to raise additional capital through private placements of debt and equity securities, but there can be no assurance that these funds will be available on terms acceptable to the Company or will be sufficient to enable the Company to fully complete its development activities or sustain operations. If the Company is unable to raise sufficient additional funds, it will have to develop and implement a plan to further extend payables, reduce overhead, or scale back its current business plan until sufficient additional capital is raised to support further operations. There is no assurance that such a plan will be successful. Accordingly, the accompanying consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the consolidated financial statements do not necessarily represent realizable or settlement values. The consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty.

RESTATEMENTS OF PREVIOUSLY ISSU

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2021
RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	NOTE 4 RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Prior Period Restatements On March 11, 2022, the Audit Committee of the Company’s Board of Directors and the Company’s management concluded that the previously issued audited financial statements for the years ended December 31, 2019 and 2020, included in the Company’s Registration Statement on Form S-1 (File No. 333-251959), and the Company’s previously issued interim financial statements included in the Company’s Quarterly Reports on Forms 10-Q for the quarters ended March 31, 2021 and June 30, 2021 (collectively, the “Prior Period Financial Statements”), should no longer be relied upon as a result of the accounting errors described below and should be restated. Similarly, any previously furnished or filed reports, press releases, earnings releases, investor presentations or other communications describing the Prior Period Financial Statements and related financial information should not be relied upon. In connection with the Company’s evaluation of the issues and findings identified in the Company’s previously disclosed internal independent investigation (the “Investigation”), the Company reviewed the Prior Period Financial Statements and identified the following accounting errors: The Company incorrectly capitalized certain general and administrative expenses incurred during the years ended December 31, 2018, 2019, and 2020, and incorrectly included those costs in intangible assets in its balance sheets as of December 31, 2019 and 2020, March 31, 2021, and June 30, 2021. (a) The Company overstated the carrying value of tablets by incorrectly reporting them at cost with no allowance for depreciation, resulting in an overstatement of other assets (complimentary devices), net, in its balance sheets as of December 31, 2019 and 2020, March 31, 2021, and June 30, 2021. (b) The Company overstated total assets and total liabilities as of December 31, 2020, by incorrectly recording a note receivable (related parties) and a liability included in current portion of long-term debt (related parties). This note receivable represents a bridge loan provided to the Company by certain related parties that was executed in December 2020 but not fully funded until April 2021. (c) The Company did not recognize and report on its balance sheets as of December 31, 2019 and 2020, March 31, 2021, and June 30, 2021, an office lease in accordance with FASB Accounting Standards Update No. 2018-11, Leases (Topic 842). The accompanying financial statements have been restated to correct the accounting errors and conform to current period presentation. Impact of the Restatements The impact of the restatement on the consolidated balance sheet as of June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated Assets ​ ​ ​ Current assets: ​ ​ ​ Cash and cash equivalents ​ $ 19,693,653 ​ $ — ​ $ 19,693,653 Prepaid expenses and other ​ 2,415,361 ​ — ​ 2,415,361 Total current assets ​ 22,109,014 ​ — ​ 22,109,014 Property and equipment, net ​ 150,519 ​ — ​ 150,519 Intangible assets, net ​ 3,945,070 ​ (3,144,811) ​ 800,259 Other assets (complimentary devices), net ​ 1,039,625 ​ (1,039,625) ​ — Operating lease right-of-use asset, net ​ — ​ 121,924 ​ 121,924 Other assets ​ 55,350 ​ — ​ 55,350 Total assets ​ $ 27,299,578 ​ $ (4,062,512) ​ $ 23,237,065 Liabilities and Stockholders' Equity (Deficit) ​ ​ ​ Current liabilities: ​ ​ ​ Accounts payable and accrued expenses ​ $ 982,230 ​ $ 1 ​ $ 982,231 Lease liability ​ — ​ 124,935 ​ 124,935 Total current liabilities ​ 982,230 ​ 124,936 ​ 1,107,166 Total liabilities ​ 982,230 ​ 124,936 ​ 1,107,166 Stockholders' Equity (Deficit) ​ ​ ​ Common stock, $0.0001 par value, 80,000,000 shares ​ ​ ​ authorized, 16,052,833 shares issued and outstanding ​ 1,604 ​ 2 ​ 1,606 Additional paid-in capital ​ 37,679,500 ​ (525,795) ​ 37,153,705 Accumulated deficit ​ (11,363,756) ​ (3,661,656) ​ (15,025,412) Total stockholders' equity (deficit) ​ 26,317,348 ​ (4,187,449) ​ 22,129,899 Total liabilities and stockholders' equity (deficit) ​ $ 27,299,578 ​ $ (4,062,513) ​ $ 23,237,065 The impact of the restatement on the consolidated balance sheet as of December 31, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 8,335 ​ $ — ​ $ 8,335 Note receivable (related parties) ​ 1,830,000 ​ (1,830,000) ​ — Prepaid expenses and other ​ 793 ​ — ​ 793 Total current assets ​ 1,839,128 ​ (1,830,000) ​ 9,128 Property and equipment, net ​ 117,474 ​ 388,820 ​ 506,294 Intangible assets, net ​ 4,384,188 ​ (3,495,917) ​ 888,271 Other assets (complimentary devices), net ​ 1,104,000 ​ (1,104,000) ​ — Operating lease right-of-use asset, net ​ — ​ 149,032 ​ 149,032 Other assets ​ 7,940 ​ — ​ 7,940 Total assets ​ $ 7,452,730 ​ $ (5,892,064) ​ $ 1,560,666 Liabilities ​ ​ ​ Current liabilities: ​ ​ ​ Accounts payable ​ $ 516,705 ​ $ 484,171 ​ $ 1,000,876 Debt payable, related parties ​ 5,558,808 ​ (1,830,000) ​ 3,728,808 Derivative liability ​ 229,712 ​ (229,712) ​ — Lease liability ​ — ​ 152,646 ​ 152,646 Interest payable, related parties ​ 116,600 ​ — ​ 116,600 Total current liabilities ​ 6,421,825 ​ (1,422,895) ​ 4,998,930 Total liabilities ​ 6,421,825 ​ (1,422,895) ​ 4,998,930 Stockholders’ Equity (deficit) ​ ​ ​ Series Seed convertible preferred stock, $0.0001 par value, 2,500,000 shares authorized, issued , and outstanding ​ 2,500,000 ​ — ​ 2,500,000 Common stock, $0.0001 par value, 15,000,000 shares authorized, 4,441,582 shares issued and outstanding ​ 444 ​ — ​ 444 Additional paid-in capital ​ 2,024,871 ​ 51,279 ​ 2,076,150 Accumulated deficit ​ (3,494,410) ​ (4,520,448) ​ (8,014,858) Total stockholders’ equity (deficit) ​ 1,030,905 ​ (4,469,169) ​ (3,438,264) Total liabilities and stockholders’ equity (deficit) ​ $ 7,452,730 ​ $ (5,892,064) ​ $ 1,560,666 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The impact of the restatements on the consolidated statement of operations for the quarter ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ $ 936 ​ $ — ​ $ 936 Cost of sales, net ​ 161,377 ​ (161,377) ​ — Gross margin ​ (160,441) ​ 160,441 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 1,197,742 ​ 1,197,742 Other general and administrative ​ 4,255,404 ​ (1,944,113) ​ 2,311,291 Depreciation and amortization ​ 229,317 ​ 18,856 ​ 248,173 Total operating expenses ​ 4,484,721 ​ (727,515) ​ 3,757,205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (3,756,269) ​ (3,756,269) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ 14,478 ​ 1,856 ​ 16,334 Interest expense ​ (61,787) ​ (499,999) ​ (561,786) Total other income (expense) ​ (47,309) ​ (498,144) ​ (545,453) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ (4,692,471) ​ 389,812 ​ (4,301,722) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ (4,692,471) ​ $ 389,812 ​ $ (4,301,722) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ (0.44) ​ $ 0.02 ​ $ (0.42) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 10,701,717 ​ (457,109) ​ 10,244,608 Weighted average common shares, diluted ​ ​ ​ ​ The impact of the restatements on the consolidated statement of operations for the quarter ended June 30, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ ​ Reported ​ Adjustments ​ As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues $ — $ — $ — Cost of sales, net ​ — ​ — ​ — Gross margin ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 202,936 ​ 202,936 Other general and administrative ​ — ​ 271,384 ​ 271,384 Depreciation and amortization ​ 5,859 ​ 193,932 ​ 199,791 Total operating expenses ​ 5,859 ​ 668,252 ​ 674,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (674,111) ​ (674,111) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ — ​ 53,745 ​ 53,745 Interest expense ​ (17,913) ​ (52,124) ​ (70,037) Total other income (expense) ​ (17,913) ​ 1,622 ​ (16,291) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ (23,772) ​ (666,630) ​ (690,402) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ (23,772) ​ $ (666,630) ​ $ (690,402) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ (0.01) ​ $ (0.21) ​ (0.22) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 3,150,000 ​ 750 ​ 3,150,750 ​ The impact of the restatements on the consolidated statement of operations for the six-month period ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues $ 18,386 $ — ​ $ 18,386 Cost of sales, net ​ 265,883 ​ (265,883) ​ — Gross margin ​ (247,497) ​ 247,497 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 2,080,953 ​ 2,080,953 Other general and administrative ​ 7,025,819 ​ (3,462,669) ​ 3,563,150 Depreciation and amortization ​ 457,773 ​ 37,715 ​ 495,488 Total operating expenses ​ 7,483,592 ​ (1,344,001) ​ 6,139,590 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (6,121,204) ​ (6,121,204) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ 30,443 ​ (1,092) ​ 29,351 Interest expense ​ (168,700) ​ (750,000) ​ (918,700) Total other income (expense) ​ (138,257) ​ (751,092) ​ (889,349) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ (7,869,346) ​ 840,406 ​ (7,010,553) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ (7,869,346) ​ $ 840,406 ​ $ (7,010,553) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ (1.00) ​ $ 0.04 ​ (0.95) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 7,906,647 ​ (554,802) ​ 7,351,845 ​ The impact of the restatements on the consolidated statement of operations for the six-month period ended June 30, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ $ — ​ $ — ​ $ — Cost of sales, net ​ — ​ — ​ — Gross margin ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 372,705 ​ 372,705 Other general and administrative ​ — ​ 701,973 ​ 701,973 Depreciation and amortization ​ 11,512 ​ 197,843 ​ 209,355 Total operating expenses ​ 11,512 ​ 1,272,521 ​ 1,284,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (1,284,032) ​ (1,284,032) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ 60,853 ​ 3,251 ​ 64,104 Interest expense ​ (35,416) ​ (51,013) ​ (86,429) Total other income (expense) ​ 25,437 ​ (47,762) ​ (22,325) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ 13,925 ​ (1,320,283) ​ (1,306,357) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ 13,925 ​ $ (1,320,283) ​ $ (1,306,357) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ 0.00 ​ $ (0.42) ​ (0.41) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 3,150,000 ​ 404 ​ 3,150,404 ​ The impact of the restatements on the consolidated statement of cash flows for the six-month period ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ ​ Reported ​ Adjustments ​ As Restated Operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss $ (7,869,346) $ 858,793 $ (7,010,553) Adjustments to reconcile net loss to net cash used in operating activities: ​ ​ ​ Depreciation and amortization ​ 457,773 ​ 37,715 ​ 495,488 Shares issued with debt ​ — ​ 750,000 ​ 750,000 Share based compensation ​ 1,663,908 ​ (1,531,966) ​ 131,942 Share based payments for services ​ — ​ 476,180 ​ 476,180 Amortization of operating lease right-of-use asset ​ — ​ 27,109 ​ 27,109 Changes in assets and liabilities: ​ ​ ​ Other assets (complimentary devices) ​ 64,375 ​ (64,375) ​ — Prepaid expenses and other assets ​ (2,414,568) ​ — ​ (2,414,568) Other assets ​ — ​ (47,410) ​ (47,410) Accounts payable ​ 465,526 ​ (484,171) ​ (18,645) Lease liability ​ — ​ (27,711) ​ (27,711) Interest payable, related parties ​ (116,600) ​ — ​ (116,600) Net cash used in operations ​ (7,748,932) ​ (5,837) ​ (7,754,769) Investing activities ​ ​ ​ Capital expenditures ​ (51,701) ​ 4 ​ (51,697) Net cash used in investing activities ​ (51,701) ​ 4 ​ (51,697) Financing activities ​ ​ ​ Proceeds from related party debt payable ​ 2,580,000 ​ (31,656) ​ 2,548,344 Proceeds from issuance of common stock, net ​ 30,949,003 ​ (15,216,354) ​ 15,732,649 Proceeds from issuance of warrants, net ​ 42,910 ​ (42,910) ​ — Proceeds from exercise of warrants ​ — ​ 15,472,859 ​ 15,472,859 Proceeds from exercise of options ​ — ​ 15,085 ​ 15,085 Repayments of related party debt payable ​ (6,085,962) ​ (191,192) ​ (6,277,154) Net cash provided by financing activities ​ 27,485,951 ​ 5,832 ​ 27,491,783 Net change in cash and cash equivalents ​ 19,685,318 ​ — ​ 19,685,318 Cash and cash equivalents at the beginning of the period ​ 8,335 ​ — ​ 8,335 Cash and cash equivalents at the end of the period ​ $ 19,693,653 ​ $ — ​ $ 19,693,653 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The impact of the restatements on the consolidated statement of cash flows for the six-month period ended June 30, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ ​ Reported ​ Adjustments ​ As Restated Operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) $ 13,925 $ (1,320,282) $ (1,306,357) Adjustments to reconcile net loss to net cash used in operating activities: ​ ​ ​ Depreciation and amortization ​ 11,512 ​ 197,843 ​ 209,355 Share based compensation ​ — ​ 14,358 ​ 14,358 Amortization of operating lease right-of-use asset ​ — ​ 29,165 ​ 29,165 Changes in assets and liabilities: ​ ​ ​ Other assets (complimentary devices) ​ (1,256,500) ​ 1,256,500 ​ — Prepaid expenses and other assets ​ 2,315 ​ (65) ​ 2,250 Other assets ​ — ​ 65 ​ 65 Accounts payable ​ 74,325 ​ (82,996) ​ (8,671) Lease liability ​ — ​ (28,677) ​ (28,677) Interest payable, related parties ​ 35,413 ​ 7,033 ​ 42,446 Net cash used in operations ​ (1,119,010) ​ 72,943 ​ (1,046,067) Investing activities ​ ​ ​ Capital expenditures ​ — ​ (1,026,857) ​ (1,026,857) Acquisition of intangible assets ​ (1,418,583) ​ 1,110,855 ​ (307,728) Net cash used in investing activities ​ (1,418,583) ​ 83,998 ​ (1,334,585) Financing activities ​ ​ ​ Proceeds from related party debt payable ​ 2,539,745 ​ (156,212) ​ 2,383,533 Net cash provided by financing activities ​ 2,539,745 ​ (156,212) ​ 2,383,533 Net change in cash and cash equivalents ​ 2,152 ​ 730 ​ 2,882 Cash and cash equivalents at the beginning of the period ​ 38,890 ​ — ​ 38,890 Cash and cash equivalents at the end of the period ​ $ 41,042 ​ $ 730 ​ $ 41,772 ​

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 5 FAIR VALUE OF FINANCIAL INSTRUMENTS The Company measures the fair value of financial assets and liabilities based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company also follows a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable based on an entity’s own assumptions, as there is little, if any, related market activity (e.g., cash flow modeling inputs based on assumptions). ​ The risk-free interest rate is the United States Treasury rate on the measurement date having a term equal to the remaining contractual life of the instrument. The volatility is a measure of the amount by which the comparable companies’ share price has fluctuated or is expected to fluctuate. Since the Common Stock was not publicly traded prior to the IPO, an average of the historical volatility of comparative companies was used. Level 3 financial assets and liabilities are valued using unobservable inputs to the valuation methodology that are significant to the measurement of fair value. The determination of fair value and the assessment of a measurement's placement within the hierarchy requires judgment. Level 3 valuations often involve a higher degree of judgment and complexity. Level 3 valuations may require the use of various cost, market, or income valuation methodologies applied to unobservable management estimates and assumptions. Management's assumptions could vary depending on the asset or liability valued and the valuation method used. Such assumptions could include estimates of prices, earnings, costs, actions of market participants, market factors, or the weighting of various valuation methods. An increase or decrease in volatility or interest free rate, in isolation, can significantly increase or decrease the fair value of financial assets and liabilities. Changes in the values of the assets and liabilities are recorded as a component of other income (expense) on the accompanying consolidated statement of operations. Non-financial assets that are measured on a non-recurring basis include our intellectual property and property and equipment which are measured using fair value techniques whenever events or changes in circumstances indicate a condition of impairment exists. ​ ​

DEBT PAYABLE - RELATED PARTIES

DEBT PAYABLE - RELATED PARTIES	6 Months Ended
	Jun. 30, 2021
DEBT PAYABLE - RELATED PARTIES
DEBT PAYABLE - RELATED PARTIES	NOTE 6 DEBT PAYABLE – RELATED PARTIES During 2019 and 2020, the Company entered into six promissory note agreements with a related party pursuant to which the Company could borrow up to $2,500,000 at an annual interest rate of 5%. Borrowings pursuant to those agreements were $2,500,000 at December 31, 2020. During the year ended December 31, 2020, a related party provided financing of approximately $950,000 for the Company’s purchase of 7,600 tablets. Payment was due to the related party upon the closing of the Company’s IPO. There was no stated interest rate or additional repayment terms. On December 30, 2020, the Company entered into a $2,000,000 bridge loan agreement with a related party. As of December 31, 2020, $251,654 had been funded on the bridge loan. The terms of the bridge loan included repayment of principal on or before June 30, 2021, and an annual interest rate of 18%. In addition to repayment of principal and interest under the bridge loan, the Company issued to the related party 1,260,023 shares of Common Stock. Management valued this issuance of shares at $2,000,000 and recorded that amount in interest expense. During the year ended December 31, 2020, the Company received a cash advance of $27,154 from an affiliated person. The cash advances carried no specified repayment term, interest rate, or security interest. During the three-month period ended March 31, 2021, the Company entered into bridge loans totaling $250,000 with related party investors. Terms of the bridge loans with the related parties included repayment of principal on or before June 30, 2021, and an annual interest rate of 18%. In addition to repayment of principal and interest under the bridge loans, the Company issued 157,503 shares of Common Stock. Management valued these issuances of shares at $250,000 and recorded that amount in interest expense. During April 2021, the Company entered into bridge loans with related party and non-related party investors for an additional aggregate amount of $500,000, with an 18% interest rate. In addition to paying the interest and principal, the Company issued 315,007 shares of Common Stock to the bridge loan lenders. Management valued these issuances of shares at $500,000 and recorded that amount in interest expense. All borrowings from related parties were paid in full upon completion of the Company’s IPO in May 2021.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 7 COMMITMENTS AND CONTINGENCIES Concentration of Credit Risk Generally, the Company’s cash balances, which are deposited in non-interest-bearing accounts may exceed FDIC insurance limits from time to time. The financial stability of these institutions is periodically reviewed by senior management. At June 30, 2021 and December 31, 2020, cash balances in excess of FDIC requirements were $19,443,653 and $-0-, respectively. Litigation, Claims, and Assessments The Company may be involved in legal proceedings, claims and assessments arising in the ordinary course of business. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	6 Months Ended
	Jun. 30, 2021
STOCKHOLDERS' EQUITY (DEFICIT)
STOCKHOLDERS' EQUITY (DEFICIT)	NOTE 8 STOCKHOLDERS’ EQUITY (DEFICIT) Common shares issued before the IPO were recorded at estimated fair value. In May 2021, the Company completed its IPO of its Common Stock, creating liquidity and a visible fair market value for its Common Stock. The Common Stock is listed on the Nasdaq Capital Market under the symbol “ALF”. In 2018, the Company created a class of Series Seed Preferred Stock and 2,500,000 shares of Series Seed Preferred Stock were authorized. During 2018 and 2019, 2,500,000 shares of Series Seed Preferred Stock was issued to an investor in exchange for $2,500,000 cash consideration. Shares of Series Seed Preferred Stock converted to Common Stock at a ratio of 1: 1.260023 1.260023 Dividends Holders of preferred stock are not entitled to dividend payment but do have liquidation preference in the event of dissolution of the Company. Holders of Common Stock are not entitled to dividend payments but would receive such payments in the event dividend payments were made to stockholders. There was no dividend payment made on any class of stock (Common Stock or Common Stock The Company is authorized to issue 80,000,000 shares of Common Stock, par value $0.0001. In 2018, 3,150,058 shares of Common Stock were issued to the three management members who are the Company’s founders, at par. In March 2021, a 1.260023 to 1 forward stock split was affected. Common Stock share numbers contained herein in this Quarterly Report are presented on a post-split basis unless specifically noted otherwise. During the year ended December 31, 2020, the Company issued 31,501 shares of Common Stock to an unaffiliated third party in exchange for services associated with investment relations and fundraising, and to support the development of revenue producing contracts. Management valued this issuance of shares at $25,000 and recorded that amount in other general and administrative expense. During the year ended December 31, 2020, the Company issued 1,260,023 shares of Common Stock to related party investors in exchange for bridge loan funding necessary to procure ongoing business operations. Management valued this issuance of shares at $2,000,000 and recorded that amount in interest expense. During the quarter ended March 31, 2021, the Company arranged bridge loans with related party investors. The Company issued 157,503 shares of Common Stock in exchange for bridge loan funding necessary to procure ongoing business operations. Management valued these issuances of shares at $250,000 and recorded that amount in interest expense. During April 2021, the Company entered into additional bridge loans with related party and non-related party investors. The Company issued 315,007 shares of Common Stock in exchange for this bridge loan financing. Management valued these issuances of shares at $500,000 During April and May 2021, the Company also issued 300,000 shares of Common Stock in connection with certain vendor contracts. Management valued this issuance of shares at $476,180 and recorded that amount in other general and administrative expense. Initial Public Offering On May 3, 2021, the Company’s registration statement on Form S-1 (File No. 333-251959) was declared effective by the Securities and Exchange Commission (the “SEC”) and the Company completed its IPO on May 6, 2021. In connection with the IPO, the Company issued and sold 4,291,045 shares of Common Stock and warrants to purchase 4,291,045 shares of Common Stock (including 559,701 shares of Common Stock and warrants to purchase 559,701 shares of Common Stock pursuant to the full exercise of the underwriters’ overallotment option), at the combined public offering price of $4.15 for aggregate gross proceeds of approximately $17.8 million , before deducting underwriting discounts and commissions and other estimated offering expenses payable by Alfi. Net IPO proceeds of approximately $15.7 million were allocated $ 11.0 million to Common Stock and $ 4.7 million to warrants. The warrants were exercisable immediately upon issuance and at any time up to the date that is five years from the date of issuance and have an exercise price of $ 4.57 per share. On May 3, 2021, pursuant to the underwriting agreement for the IPO, we issued to the underwriters warrants to purchase up to an aggregate of 186,567 shares of Common Stock (“Underwriter’s Warrants”). The Underwriter’s Warrants may be exercised beginning on May 3, 2022 until May 3, 2026. The initial exercise price of each Underwriter’s Warrant is $5.19 per share. Warrants Issued and Exercised Warrants to purchase 4,477,612 shares of Common Stock were issued in connection with the Company’s May 2021 IPO. Through June 30, 2021, warrant holders had exercised warrants to purchase 3,385,746 shares of Common Stock providing Alfi with approximately $15.5 million in additional working capital. As of June 30, 2021, there were warrants outstanding to purchase 1,091,866 shares of Common Stock. As of August 13, 2021, warrant holders have exercised a total of 3,507,237 warrants providing a total of approximately $16.0 million in additional funding. As of August 13, 2021, there were warrants outstanding to purchase 970,375 shares of Common Stock. Share Buy-Back On June 23, 2021, Alfi announced a $2.0 million buy-back of its stock. The buy-back was completed on July 9, 2021, with Alfi acquiring 137,650 shares that are recorded as treasury stock. Employee Equity (Stock) Incentive Plan The Company has a stock equity incentive plan, the 2018 Plan, under which, at its sole discretion, it may award employees of the Company Common Stock or Common Stock options, among other awards, as an incentive for performance. Total shares of Common Stock reserved under the 2018 Plan for employee grants is not to exceed 1,575,029 shares. During the three-month periods ended June 30, 2021 and June 30, 2020, respectively, the Company granted 251,500 and 137,819 Common Stock options under the 2018 Plan. During the six-month periods ended June 30, 2021 and June 30, 2020, respectively, the Company granted 449,168 and 137,819 Common Stock options under the 2018 Plan. On June 30, 2021, and December 31, 2020, total Common Stock options issued under the 2018 Plan were 673,535 and 236,259, respectively. Weighted average strike price per employee stock option as of June 30, 2021, was approximately $2.20 per share. Management recorded stock-based compensation expense associated with the issuance of employee stock options of $85,256 and 14,358 for the three months ended June 30, 2021 and 2020, respectively, and $131,942 and $14,358 for the six months ended June 30, 2021 and 2020, respectively. During the three months ended June 30, 2021, one employee exercised stock options and received 11,892 restricted shares of Common Stock. Stock option and warrant valuation models require the input of highly subjective assumptions. The fair value of stock-based payment awards was estimated using the Black-Scholes option model with a volatility figure derived from an index of historical stock prices for comparable entities. For warrants and stock options issued to non- employees, the Company accounts for the expected life based on the contractual life of the warrants and stock options. For employees, the Company accounts for the expected life of options in accordance with the “simplified” method, which is used for “plain-vanilla” options, as defined in the accounting standards codification. The risk-free interest rate was determined from the implied yields of U.S. Treasury zero-coupon bonds with a remaining life consistent with the expected term of the options.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2021
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT	NOTE 9 PROPERTY AND EQUIPMENT Property and equipment, net of accumulated depreciation, consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ Jun 30, 2021 Dec 31, 2020 ​ ​ ​ ​ ​ ​ ​ Tablets ​ $ 972,050 ​ $ 972,050 Office furniture and fixtures ​ 242,960 ​ ​ 191,261 Property and equipment, gross ​ 1,215,010 ​ ​ 1,163,311 ​ ​ ​ ​ ​ ​ ​ Less accumulated depreciation ​ (1,064,491) ​ ​ (657,017) ​ ​ ​ ​ ​ ​ Property and equipment, net ​ $ 150,519 ​ $ 506,294 ​ The Company incurred depreciation expense of $204,168 and $199,791 for the three-month periods ended June 30, 2021, and June 30, 2020, respectively, and $407,476 and $209,355 for the six-month periods ended June 30, 2021, and June 20, 2020, respectively. Property and equipment includes Lenovo tablet hardware devices purchased during 2020 and held for placement with rideshare and other businesses. Tablets are provided to rideshare and other businesses at no charge, but remain the property of the Company and must be returned to the Company upon termination of the rideshare or other use agreement. The Company may pay a revenue share or commission to such third party for the placement of the Alfi-enabled device.

INTANGIBLE ASSETS - INTELLECTUA

INTANGIBLE ASSETS - INTELLECTUAL PROPERTY	6 Months Ended
	Jun. 30, 2021
INTANGIBLE ASSETS - INTELLECTUAL PROPERTY
INTANGIBLE ASSETS - INTELLECTUAL PROPERTY	NOTE 10 INTANGIBLE ASSETS – INTELLECTUAL PROPERTY Intellectual Property – Software Development and Patent Acquisition Costs The Company’s intellectual property includes capitalized software development and patent acquisition costs associated with creation of its technology (see Note 1). During the period between the Company’s formation in 2018 through June 2020, the Company created and developed the proprietary software that is the basis of its ability to deliver targeted digital advertising. The Company considers this software to be internal-use software, as it is used exclusively by the Company on devices it controls to deliver the advertising services it is engaged to provide. The Company determined that the application development phase for this software began in May 2018 and ended in June 2020, and its first release of production software was activated in a tablet in July 2020. On July 1, 2020 forward, the Company commenced depreciation of these intangible assets. The Company estimated a 5-year useful life for capitalized software development costs and a 15-year 5-year Intangible assets, net of accumulated amortization, consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ Jun 30, 2021 Dec 30, 2021 ​ ​ ​ ​ ​ ​ ​ Capitalized software ​ $ 832,045 ​ $ 832,045 Patents ​ 144,239 ​ 144,239 Intangible assets, gross ​ 976,284 ​ 976,284 ​ ​ ​ ​ ​ ​ ​ Less accumulated amortization ​ (176,025) ​ (88,013) ​ ​ ​ ​ ​ Intangible assets, net ​ $ 800,259 ​ $ 888,271 ​ The Company incurred amortization expense of $44,006 and $-0- for the three-month periods ended June 30, 2021, and June 30, 2020, respectively and $88,012 and $-0- for the six-month periods ended June 30, 2021, and June 30, 2020, respectively. Future amortization of intangible assets as of June 30, 2021, is as follows: ​ ​ ​ ​ ​ 2021 ​ $ 88,012 2022 ​ ​ 176,025 2023 ​ ​ 176,025 2024 ​ ​ 176,025 2025 ​ ​ 92,820 Thereafter ​ ​ 91,351 ​ ​ $ 800,259 ​

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 11 SUBSEQUENT EVENTS The Company has disclosed events that have occurred after the balance sheet date of June 30, 2021 through August 16, 2021 (the Original Filing date of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021). The Company signed a contract to purchase a condominium for $1,100,000 in Miami Beach, FL on July12, 2021. The purchase was completed in August 2021. The Company sold the condominium in April 2022 for a gross sales price of approximately $1.1 million.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
SIGNIFICANT ACCOUNTING POLICIES
Consolidation	Consolidation The consolidated financial statements include the accounts of Alfi, Inc. and its wholly owned subsidiary, Alfi (N.I.) Ltd. Collectively, these entities make up the consolidated financial statements during the periods presented in this Quarterly Report. All significant intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition Under Financial Accounting Standards Board (FASB) issued Accounting Standards Update (“ASU”) No. 2014-09 (Topic 606) “Revenue from Contracts with Customers” (“Topic 606”), revenue from contracts with customers is measured based on the consideration specified in the contract with the customer. With respect to Alfi-enabled tablets placed in rideshares or devices placed into service by Alfi, Alfi will recognize revenue on a cost per thousand (“CPM”) basis or a related basis for both the content and advertisements delivered. Alfi contracts (also called insertion orders) for both the advertiser and the content provider specify the amounts to be paid to Alfi for displaying the advertisement or content. Content and advertisements are provided to Alfi by companies desiring to deliver content for viewer engagement. With respect to SaaS licenses, Alfi has entered into two license agreements with third parties to use Alfi-placed devices on customer property and share in advertising revenues. Under these agreements, the customer and Alfi work together to generate advertising revenue, and the devices have remote management access and data reporting that the Alfi platform provides. Alfi began to earn revenue from advertisers during the fourth quarter of 2021. Alfi will recognize the revenue from these contracts monthly, in accordance with Topic 606. Through June 30, 2021, the Company had distributed approximately 1,500 devices (tablets and kiosks) at no cost to rideshare, mall, and airport owners. It is the viewers of the Alfi-enabled device, rather than the rideshare, mall or airport owner that the Alfi-enabled device engages with and to whom The Company delivers advertising and content. The Company recognizes revenue when earned from rideshare sources, advertisers, and content providers. Each contract for placing a device in service with rideshare, mall, or airport owners generally does not trigger a payment from such party to the Company. The Company’s contract with a device host may provide that the Company pays a revenue sharing amount, or fee, based on the revenue the Company derives from that device. The Company will expense that fee in other general and administrative expenses. Removing a tablet from the vehicle or returning it to the Company would automatically cancel the opportunity for a rideshare to receive commissions.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less from the purchase date to be cash equivalents.
Property and Equipment	Property and Equipment Property and equipment includes tablets recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over estimated useful lives of three years. Property and equipment also includes office equipment recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, which for office equipment is three Expenditures for major renewals and betterments that extend the useful lives of property and equipment are capitalized. Expenditures for maintenance and repairs are charged to expense as incurred. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Intangible Assets	Intangible Assets The Company's intangible assets include capitalized software development and patent acquisition costs associated with creation of its technology. The Company places intangible assets into service upon the date in which they are available for use. Intangible assets are amortized over a 5 year useful life for capitalized software development costs and a 15 year useful life for patent acquisition costs. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Prepaid Expenses and Other Assets	Prepaid Expenses and Other Assets The Company records up-front payments for insurance and professional services as prepaid expenses. During June 2021, the Company prepaid $2,240,000 for 10,000 Lenovo tablets. The devices were received in July 2021.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. Fair values approximate carrying values for cash, accounts payable, notes payable, fixed assets, and amortizable intangible assets.
Loss Per Share	Loss Per Share The Company computes basic net loss per share by dividing net loss per share available to stockholders of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), by the weighted average number of common shares outstanding for the period and excludes the effects of any potentially dilutive securities. Diluted earnings per share, if presented, would include the dilution that would occur upon the exercise or conversion of all potentially dilutive securities into the Common Stock using the “treasury stock” and/or “if converted” methods as applicable. The computation of basic and diluted loss per share excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price of Common Stock during the period. Potentially dilutive securities excluded from the computation of basic net loss per share as of are as follows: ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ 2021 2020 Convertible Series (“Seed”) Preferred stock — 3,150,058 Warrants ​ 1,091,866 ​ — Employee stock options 666,571 196,883 Total potentially dilutive securities 1,758,437 3,346,941
Common Stock	Common Stock The Company issued 3,150,058 shares of Common Stock on April 4, 2018 to the Company’s founders. At June 30, 2021 and December 31, 2020, outstanding shares of Common Stock totaled 16,052,833 and 4,441,582, respectively. During the six-month period ended June 30, 2021, the Company issued 4,291,045 shares of Common Stock for cash in its initial public offering, which was completed on May 6, 2021 (“IPO”), 3,385,746 shares of Common Stock upon exercise of warrants issued in connection with the IPO, and 3,150,058 shares of Common Stock from conversion of all outstanding shares of the Company’s Series Seed Preferred Stock, $0.0001 par value per share (the “Series Seed Preferred Stock”), to shares of Common Stock. The Company paid no dividends on Common Stock issued through June 30, 2021. The Company accounts for Common Stock issued with debt, issued for services, and issued as share based compensation at fair value.
Convertible Instruments	Convertible Instruments Through June 30, 2021, the Company did not record or issue convertible notes with beneficial conversion features and did not record debt discounts related to beneficial conversion features. During 2020 and 2019, the Company issued Series Seed Preferred Stock, which was convertible into Common Stock on a 1:1.260023 basis at the option of the holder and is classified as stockholders’ equity on the balance sheet at December 31, 2020. When converted into Common Stock by Series Seed Preferred Stock holders, its fair value approximates the existing carrying (book) value of the Series Seed Preferred Stock as stated. U.S. GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur, and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional. The Company has determined that the embedded conversion options should not be bifurcated from their host instruments and the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments (the beneficial conversion feature) based upon the differences between the fair value of the underlying Common Stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. Thus, no embedded derivatives were identified on the conversion option of the Series Seed Preferred Stock at June 30, 2021 and December 31, 2020. In May 2021, 2,500,000 shares of Series Seed Preferred Stock converted into 3,150,058 shares of Common Stock. There were no outstanding shares of Series Seed Preferred Stock on June 30, 2021.
Common Stock Purchase Warrants	Common Stock Purchase Warrants The Company accounts for warrants to purchase its Common Stock in accordance with ASC 815. Proceeds from the issuance of warrants indexed to the Company’s own stock are classified in stockholders’ equity (deficit).
Stock based compensation	Stock based compensation The Company maintains a stock equity incentive plan, the Alfi, Inc. 2018 Stock Incentive Plan (the “2018 Plan”), under which it may grant non-qualified stock options, incentive stock options, stock appreciation rights, stock awards, performance and performance-based awards, or stock units to employees, non-employee directors and consultants. The Company measures compensation expense for stock-based grants at fair value. Compensation expense is recognized over the vesting period relevant to the award.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are determined based on the estimated future tax effects of net operating loss and credit carryforwards and temporary differences between the tax basis of assets and liabilities and their respective financial reporting amounts measured at the current enacted tax rates. The Company records an estimated valuation allowance on its deferred income tax assets if it is more likely than not that these deferred income tax assets will be realized. The Company carries a 100% valuation reserve against deferred tax assets. The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company has not recorded any unrecognized tax benefits. The Company’s policy is to record tax-related interest as interest expense and tax-related penalties as general and administrative expenses in the statements of operations. The Company did not recognize any such penalties or interest during the periods presented under this Quarterly Report.
Forward Stock Split	Forward Stock Split On March 1, 2021, the Company enacted a forward stock split on a 1.260023:1.000000 basis. Share amounts reflected in this Quarterly Report are presented post-split, unless otherwise noted.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2021
SIGNIFICANT ACCOUNTING POLICIES
Summary of potentially dilutive securities excluded from the computation of basic net income (loss) per share	Potentially dilutive securities excluded from the computation of basic net loss per share as of are as follows: ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ 2021 2020 Convertible Series (“Seed”) Preferred stock — 3,150,058 Warrants ​ 1,091,866 ​ — Employee stock options 666,571 196,883 Total potentially dilutive securities 1,758,437 3,346,941

RESTATEMENTS OF PREVIOUSLY IS_2

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
Summary of impact of the Restatements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated Assets ​ ​ ​ Current assets: ​ ​ ​ Cash and cash equivalents ​ $ 19,693,653 ​ $ — ​ $ 19,693,653 Prepaid expenses and other ​ 2,415,361 ​ — ​ 2,415,361 Total current assets ​ 22,109,014 ​ — ​ 22,109,014 Property and equipment, net ​ 150,519 ​ — ​ 150,519 Intangible assets, net ​ 3,945,070 ​ (3,144,811) ​ 800,259 Other assets (complimentary devices), net ​ 1,039,625 ​ (1,039,625) ​ — Operating lease right-of-use asset, net ​ — ​ 121,924 ​ 121,924 Other assets ​ 55,350 ​ — ​ 55,350 Total assets ​ $ 27,299,578 ​ $ (4,062,512) ​ $ 23,237,065 Liabilities and Stockholders' Equity (Deficit) ​ ​ ​ Current liabilities: ​ ​ ​ Accounts payable and accrued expenses ​ $ 982,230 ​ $ 1 ​ $ 982,231 Lease liability ​ — ​ 124,935 ​ 124,935 Total current liabilities ​ 982,230 ​ 124,936 ​ 1,107,166 Total liabilities ​ 982,230 ​ 124,936 ​ 1,107,166 Stockholders' Equity (Deficit) ​ ​ ​ Common stock, $0.0001 par value, 80,000,000 shares ​ ​ ​ authorized, 16,052,833 shares issued and outstanding ​ 1,604 ​ 2 ​ 1,606 Additional paid-in capital ​ 37,679,500 ​ (525,795) ​ 37,153,705 Accumulated deficit ​ (11,363,756) ​ (3,661,656) ​ (15,025,412) Total stockholders' equity (deficit) ​ 26,317,348 ​ (4,187,449) ​ 22,129,899 Total liabilities and stockholders' equity (deficit) ​ $ 27,299,578 ​ $ (4,062,513) ​ $ 23,237,065 The impact of the restatement on the consolidated balance sheet as of December 31, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 8,335 ​ $ — ​ $ 8,335 Note receivable (related parties) ​ 1,830,000 ​ (1,830,000) ​ — Prepaid expenses and other ​ 793 ​ — ​ 793 Total current assets ​ 1,839,128 ​ (1,830,000) ​ 9,128 Property and equipment, net ​ 117,474 ​ 388,820 ​ 506,294 Intangible assets, net ​ 4,384,188 ​ (3,495,917) ​ 888,271 Other assets (complimentary devices), net ​ 1,104,000 ​ (1,104,000) ​ — Operating lease right-of-use asset, net ​ — ​ 149,032 ​ 149,032 Other assets ​ 7,940 ​ — ​ 7,940 Total assets ​ $ 7,452,730 ​ $ (5,892,064) ​ $ 1,560,666 Liabilities ​ ​ ​ Current liabilities: ​ ​ ​ Accounts payable ​ $ 516,705 ​ $ 484,171 ​ $ 1,000,876 Debt payable, related parties ​ 5,558,808 ​ (1,830,000) ​ 3,728,808 Derivative liability ​ 229,712 ​ (229,712) ​ — Lease liability ​ — ​ 152,646 ​ 152,646 Interest payable, related parties ​ 116,600 ​ — ​ 116,600 Total current liabilities ​ 6,421,825 ​ (1,422,895) ​ 4,998,930 Total liabilities ​ 6,421,825 ​ (1,422,895) ​ 4,998,930 Stockholders’ Equity (deficit) ​ ​ ​ Series Seed convertible preferred stock, $0.0001 par value, 2,500,000 shares authorized, issued , and outstanding ​ 2,500,000 ​ — ​ 2,500,000 Common stock, $0.0001 par value, 15,000,000 shares authorized, 4,441,582 shares issued and outstanding ​ 444 ​ — ​ 444 Additional paid-in capital ​ 2,024,871 ​ 51,279 ​ 2,076,150 Accumulated deficit ​ (3,494,410) ​ (4,520,448) ​ (8,014,858) Total stockholders’ equity (deficit) ​ 1,030,905 ​ (4,469,169) ​ (3,438,264) Total liabilities and stockholders’ equity (deficit) ​ $ 7,452,730 ​ $ (5,892,064) ​ $ 1,560,666 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The impact of the restatements on the consolidated statement of operations for the quarter ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ $ 936 ​ $ — ​ $ 936 Cost of sales, net ​ 161,377 ​ (161,377) ​ — Gross margin ​ (160,441) ​ 160,441 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 1,197,742 ​ 1,197,742 Other general and administrative ​ 4,255,404 ​ (1,944,113) ​ 2,311,291 Depreciation and amortization ​ 229,317 ​ 18,856 ​ 248,173 Total operating expenses ​ 4,484,721 ​ (727,515) ​ 3,757,205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (3,756,269) ​ (3,756,269) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ 14,478 ​ 1,856 ​ 16,334 Interest expense ​ (61,787) ​ (499,999) ​ (561,786) Total other income (expense) ​ (47,309) ​ (498,144) ​ (545,453) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ (4,692,471) ​ 389,812 ​ (4,301,722) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ (4,692,471) ​ $ 389,812 ​ $ (4,301,722) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ (0.44) ​ $ 0.02 ​ $ (0.42) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 10,701,717 ​ (457,109) ​ 10,244,608 Weighted average common shares, diluted ​ ​ ​ ​ The impact of the restatements on the consolidated statement of operations for the quarter ended June 30, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ ​ Reported ​ Adjustments ​ As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues $ — $ — $ — Cost of sales, net ​ — ​ — ​ — Gross margin ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 202,936 ​ 202,936 Other general and administrative ​ — ​ 271,384 ​ 271,384 Depreciation and amortization ​ 5,859 ​ 193,932 ​ 199,791 Total operating expenses ​ 5,859 ​ 668,252 ​ 674,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (674,111) ​ (674,111) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ — ​ 53,745 ​ 53,745 Interest expense ​ (17,913) ​ (52,124) ​ (70,037) Total other income (expense) ​ (17,913) ​ 1,622 ​ (16,291) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ (23,772) ​ (666,630) ​ (690,402) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ (23,772) ​ $ (666,630) ​ $ (690,402) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ (0.01) ​ $ (0.21) ​ (0.22) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 3,150,000 ​ 750 ​ 3,150,750 ​ The impact of the restatements on the consolidated statement of operations for the six-month period ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues $ 18,386 $ — ​ $ 18,386 Cost of sales, net ​ 265,883 ​ (265,883) ​ — Gross margin ​ (247,497) ​ 247,497 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 2,080,953 ​ 2,080,953 Other general and administrative ​ 7,025,819 ​ (3,462,669) ​ 3,563,150 Depreciation and amortization ​ 457,773 ​ 37,715 ​ 495,488 Total operating expenses ​ 7,483,592 ​ (1,344,001) ​ 6,139,590 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (6,121,204) ​ (6,121,204) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ 30,443 ​ (1,092) ​ 29,351 Interest expense ​ (168,700) ​ (750,000) ​ (918,700) Total other income (expense) ​ (138,257) ​ (751,092) ​ (889,349) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ (7,869,346) ​ 840,406 ​ (7,010,553) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ (7,869,346) ​ $ 840,406 ​ $ (7,010,553) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ (1.00) ​ $ 0.04 ​ (0.95) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 7,906,647 ​ (554,802) ​ 7,351,845 ​ The impact of the restatements on the consolidated statement of operations for the six-month period ended June 30, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ Reported Adjustments As Restated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ $ — ​ $ — ​ $ — Cost of sales, net ​ — ​ — ​ — Gross margin ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating expenses ​ ​ ​ Compensation and benefits ​ — ​ 372,705 ​ 372,705 Other general and administrative ​ — ​ 701,973 ​ 701,973 Depreciation and amortization ​ 11,512 ​ 197,843 ​ 209,355 Total operating expenses ​ 11,512 ​ 1,272,521 ​ 1,284,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating loss ​ — ​ (1,284,032) ​ (1,284,032) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other income (expense) ​ ​ ​ Other income ​ 60,853 ​ 3,251 ​ 64,104 Interest expense ​ (35,416) ​ (51,013) ​ (86,429) Total other income (expense) ​ 25,437 ​ (47,762) ​ (22,325) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss before provision for income taxes ​ 13,925 ​ (1,320,283) ​ (1,306,357) Provision for income taxes ​ — ​ — ​ — Net loss ​ $ 13,925 ​ $ (1,320,283) ​ $ (1,306,357) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share, basic and diluted ​ $ 0.00 ​ $ (0.42) ​ (0.41) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding, basic and diluted ​ 3,150,000 ​ 404 ​ 3,150,404 ​ The impact of the restatements on the consolidated statement of cash flows for the six-month period ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2021 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ ​ Reported ​ Adjustments ​ As Restated Operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Net loss $ (7,869,346) $ 858,793 $ (7,010,553) Adjustments to reconcile net loss to net cash used in operating activities: ​ ​ ​ Depreciation and amortization ​ 457,773 ​ 37,715 ​ 495,488 Shares issued with debt ​ — ​ 750,000 ​ 750,000 Share based compensation ​ 1,663,908 ​ (1,531,966) ​ 131,942 Share based payments for services ​ — ​ 476,180 ​ 476,180 Amortization of operating lease right-of-use asset ​ — ​ 27,109 ​ 27,109 Changes in assets and liabilities: ​ ​ ​ Other assets (complimentary devices) ​ 64,375 ​ (64,375) ​ — Prepaid expenses and other assets ​ (2,414,568) ​ — ​ (2,414,568) Other assets ​ — ​ (47,410) ​ (47,410) Accounts payable ​ 465,526 ​ (484,171) ​ (18,645) Lease liability ​ — ​ (27,711) ​ (27,711) Interest payable, related parties ​ (116,600) ​ — ​ (116,600) Net cash used in operations ​ (7,748,932) ​ (5,837) ​ (7,754,769) Investing activities ​ ​ ​ Capital expenditures ​ (51,701) ​ 4 ​ (51,697) Net cash used in investing activities ​ (51,701) ​ 4 ​ (51,697) Financing activities ​ ​ ​ Proceeds from related party debt payable ​ 2,580,000 ​ (31,656) ​ 2,548,344 Proceeds from issuance of common stock, net ​ 30,949,003 ​ (15,216,354) ​ 15,732,649 Proceeds from issuance of warrants, net ​ 42,910 ​ (42,910) ​ — Proceeds from exercise of warrants ​ — ​ 15,472,859 ​ 15,472,859 Proceeds from exercise of options ​ — ​ 15,085 ​ 15,085 Repayments of related party debt payable ​ (6,085,962) ​ (191,192) ​ (6,277,154) Net cash provided by financing activities ​ 27,485,951 ​ 5,832 ​ 27,491,783 Net change in cash and cash equivalents ​ 19,685,318 ​ — ​ 19,685,318 Cash and cash equivalents at the beginning of the period ​ 8,335 ​ — ​ 8,335 Cash and cash equivalents at the end of the period ​ $ 19,693,653 ​ $ — ​ $ 19,693,653 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The impact of the restatements on the consolidated statement of cash flows for the six-month period ended June 30, 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2020 ​ ​ As Previously ​ Restatement ​ ​ ​ ​ ​ Reported ​ Adjustments ​ As Restated Operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) $ 13,925 $ (1,320,282) $ (1,306,357) Adjustments to reconcile net loss to net cash used in operating activities: ​ ​ ​ Depreciation and amortization ​ 11,512 ​ 197,843 ​ 209,355 Share based compensation ​ — ​ 14,358 ​ 14,358 Amortization of operating lease right-of-use asset ​ — ​ 29,165 ​ 29,165 Changes in assets and liabilities: ​ ​ ​ Other assets (complimentary devices) ​ (1,256,500) ​ 1,256,500 ​ — Prepaid expenses and other assets ​ 2,315 ​ (65) ​ 2,250 Other assets ​ — ​ 65 ​ 65 Accounts payable ​ 74,325 ​ (82,996) ​ (8,671) Lease liability ​ — ​ (28,677) ​ (28,677) Interest payable, related parties ​ 35,413 ​ 7,033 ​ 42,446 Net cash used in operations ​ (1,119,010) ​ 72,943 ​ (1,046,067) Investing activities ​ ​ ​ Capital expenditures ​ — ​ (1,026,857) ​ (1,026,857) Acquisition of intangible assets ​ (1,418,583) ​ 1,110,855 ​ (307,728) Net cash used in investing activities ​ (1,418,583) ​ 83,998 ​ (1,334,585) Financing activities ​ ​ ​ Proceeds from related party debt payable ​ 2,539,745 ​ (156,212) ​ 2,383,533 Net cash provided by financing activities ​ 2,539,745 ​ (156,212) ​ 2,383,533 Net change in cash and cash equivalents ​ 2,152 ​ 730 ​ 2,882 Cash and cash equivalents at the beginning of the period ​ 38,890 ​ — ​ 38,890 Cash and cash equivalents at the end of the period ​ $ 41,042 ​ $ 730 ​ $ 41,772

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2021
PROPERTY AND EQUIPMENT
summary of property plant and equipment balances	​ ​ ​ ​ ​ ​ ​ ​ ​ Jun 30, 2021 Dec 31, 2020 ​ ​ ​ ​ ​ ​ ​ Tablets ​ $ 972,050 ​ $ 972,050 Office furniture and fixtures ​ 242,960 ​ ​ 191,261 Property and equipment, gross ​ 1,215,010 ​ ​ 1,163,311 ​ ​ ​ ​ ​ ​ ​ Less accumulated depreciation ​ (1,064,491) ​ ​ (657,017) ​ ​ ​ ​ ​ ​ Property and equipment, net ​ $ 150,519 ​ $ 506,294

INTANGIBLE ASSETS - INTELLECT_2

INTANGIBLE ASSETS - INTELLECTUAL PROPERTY (Tables)	6 Months Ended
	Jun. 30, 2021
INTANGIBLE ASSETS - INTELLECTUAL PROPERTY
Summary of intangible assets, net of accumulated amortization	​ ​ ​ ​ ​ ​ ​ ​ ​ Jun 30, 2021 Dec 30, 2021 ​ ​ ​ ​ ​ ​ ​ Capitalized software ​ $ 832,045 ​ $ 832,045 Patents ​ 144,239 ​ 144,239 Intangible assets, gross ​ 976,284 ​ 976,284 ​ ​ ​ ​ ​ ​ ​ Less accumulated amortization ​ (176,025) ​ (88,013) ​ ​ ​ ​ ​ Intangible assets, net ​ $ 800,259 ​ $ 888,271
Summary of future amortization of intangible assets	​ ​ ​ ​ ​ 2021 ​ $ 88,012 2022 ​ ​ 176,025 2023 ​ ​ 176,025 2024 ​ ​ 176,025 2025 ​ ​ 92,820 Thereafter ​ ​ 91,351 ​ ​ $ 800,259

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2021USD ($)item$ / shares	Dec. 31, 2020$ / shares
Revenue Recognition
Prepaid complimentary device	$ 2,240,000
Number of devices tablets and kiosks entity has distributed and activated into operations | item	1,500
Cost to rideshare, mall, or airport owner	$ 0
Common stock, par value | $ / shares	$ 0.0001	$ 0.0001
Valuation reserve against DTA	100.00%

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Intangible Assets (Details)	Jul. 01, 2020	Jun. 30, 2021
Patent Acquisition Costs
Finite-Lived Intangible Assets [Line Items]
Useful Life	15 years	15 years
Software development
Finite-Lived Intangible Assets [Line Items]
Useful Life		5 years

SIGNIFICANT ACCOUNTING POLICI_6

SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment (Details)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Office equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Office equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

SIGNIFICANT ACCOUNTING POLICI_7

SIGNIFICANT ACCOUNTING POLICIES - Antidilutive Securities (Details) - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,758,437	3,346,941
Series ("Seed") Preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		3,150,058
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,091,866
Employee stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	666,571	196,883

SIGNIFICANT ACCOUNTING POLICI_8

SIGNIFICANT ACCOUNTING POLICIES - Convertible Instruments (Details) - USD ($)	1 Months Ended		12 Months Ended
	May 31, 2021	May 31, 2020	Dec. 31, 2020	Jun. 30, 2021
Class of Stock [Line Items]
Embedded derivative			$ 0	$ 0
Series ("Seed") Preferred stock
Class of Stock [Line Items]
Number of preferred stock converted into common stock	2,500,000	2,500,000	2,500,000
Shares issued upon conversion	3,150,058
Outstanding shares				0
Common Stock
Class of Stock [Line Items]
Shares issued upon conversion	3,150,058

SIGNIFICANT ACCOUNTING POLICI_9

SIGNIFICANT ACCOUNTING POLICIES - Common Stock (Details) - USD ($)	May 06, 2021	Apr. 30, 2021	Apr. 18, 2018	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2018
Class of Stock [Line Items]
Number of shares issued during the period		315,007		157,503
Common stock, shares outstanding					16,052,833	4,441,582
Shares issued for cash (in shares)		315,007		157,503
Stock Issued During Period, Shares, Warrants Exercised					3,385,746
Preferred stock, par value					$ 0.0001	$ 0.0001
Common Stock
Class of Stock [Line Items]
Number of shares issued during the period							3,150,058
Shares issued for cash (in shares)							3,150,058
Number of shares issued upon conversion of outstanding preferred stock	3,150,058
Dividends on common stock					$ 0
Preferred stock, par value					$ 0.0001
IPO | Common Stock
Class of Stock [Line Items]
Number of shares issued during the period					4,291,045	4,291,045
Shares issued for cash (in shares)					4,291,045	4,291,045
Stock Issued During Period, Shares, Warrants Exercised	3,385,746
Founders | Common Stock
Class of Stock [Line Items]
Number of shares issued during the period			3,150,058
Shares issued for cash (in shares)			3,150,058

SIGNIFICANT ACCOUNTING POLIC_10

SIGNIFICANT ACCOUNTING POLICIES - Forward Stock Split (Details)	Mar. 01, 2021
SIGNIFICANT ACCOUNTING POLICIES
Forward stock split ratio	1.260023

GOING CONCERN AND MANAGEMENT'_2

GOING CONCERN AND MANAGEMENT'S LIQUIDITY PLANS (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
Proceeds from warrants exercised	$ 15,472,859
IPO
Net proceeds	15,700,000
Proceeds from warrants exercised	$ 15,500,000

RESTATEMENTS OF PREVIOUSLY IS_3

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Consolidated Balance Sheet (Details) - USD ($)	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents		$ 19,693,653		$ 8,335
Prepaid expenses and other		2,415,361		793
Total current assets		22,109,014		9,128
Property and equipment, net		150,519		506,294
Intangible assets, net	$ 888,271	800,259		888,271
Operating lease right-of-use asset, net		121,924		149,032
Other assets		55,350		7,940
Total assets		23,237,065		1,560,666
Current liabilities:
Accounts payable				1,000,876
Accounts payable and accrued expenses		982,231
Debt payable, related parties				3,728,808
Lease liability		124,935		152,646
Interest payable, related parties				116,600
Total current liabilities		1,107,166		4,998,930
Total liabilities		1,107,166		4,998,930
Stockholders' Equity (deficit)
Series Seed convertible preferred stock, $0.0001 par value, 2,500,000 shares authorized, issued, and outstanding				2,500,000
Common stock, $0.0001 par value, 15,000,000 shares authorized, 4,441,582 shares issued and outstanding		1,606		444
Additional paid-in capital		37,153,705		2,076,150
Accumulated deficit		(15,025,412)		(8,014,858)
Total stockholders' equity (deficit)		22,129,899	$ (5,850,411)	(3,438,264)	$ (1,259,268)	$ (583,224)	$ 32,731
Total liabilities and stockholders' equity (deficit)		23,237,065		1,560,666
As Previously Reported
Current assets:
Cash and cash equivalents		19,693,653		8,335
Note receivable (related parties)				1,830,000
Prepaid expenses and other		2,415,361		793
Total current assets		22,109,014		1,839,128
Property and equipment, net		150,519		117,474
Intangible assets, net		3,945,070		4,384,188
Other assets (complimentary devices), net		1,039,625		1,104,000
Other assets		55,350		7,940
Total assets		27,299,578		7,452,730
Current liabilities:
Accounts payable				516,705
Accounts payable and accrued expenses		982,230
Debt payable, related parties				5,558,808
Derivative liability				229,712
Interest payable, related parties				116,600
Total current liabilities		982,230		6,421,825
Total liabilities		982,230		6,421,825
Stockholders' Equity (deficit)
Series Seed convertible preferred stock, $0.0001 par value, 2,500,000 shares authorized, issued, and outstanding				2,500,000
Common stock, $0.0001 par value, 15,000,000 shares authorized, 4,441,582 shares issued and outstanding		1,604		444
Additional paid-in capital		37,679,500		2,024,871
Accumulated deficit		(11,363,756)		(3,494,410)
Total stockholders' equity (deficit)		26,317,348		1,030,905
Total liabilities and stockholders' equity (deficit)		27,299,578		7,452,730
Restatement Adjustments
Current assets:
Note receivable (related parties)				(1,830,000)
Total current assets				(1,830,000)
Property and equipment, net				388,820
Intangible assets, net		(3,144,811)		(3,495,917)
Other assets (complimentary devices), net		(1,039,625)		(1,104,000)
Operating lease right-of-use asset, net		121,924		149,032
Total assets		(4,062,512)		(5,892,064)
Current liabilities:
Accounts payable				484,171
Accounts payable and accrued expenses		1
Debt payable, related parties				(1,830,000)
Derivative liability				(229,712)
Lease liability		124,935		152,646
Total current liabilities		124,936		(1,422,895)
Total liabilities		124,936		(1,422,895)
Stockholders' Equity (deficit)
Common stock, $0.0001 par value, 15,000,000 shares authorized, 4,441,582 shares issued and outstanding		2
Additional paid-in capital		(525,795)		51,279
Accumulated deficit		(3,661,656)		(4,520,448)
Total stockholders' equity (deficit)		(4,187,449)		(4,469,169)
Total liabilities and stockholders' equity (deficit)		$ (4,062,513)		$ (5,892,064)

RESTATEMENTS OF PREVIOUSLY IS_4

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Consolidated Balance Sheet (Parenthetical) (Details) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	2,500,000	2,500,000
Preferred Stock, Shares Issued	0	2,500,000
preferred stock, shares outstanding	0	2,500,000
Common stock, par value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	80,000,000	80,000,000
Common stock, shares issued	16,052,833	4,441,582
Common stock, shares outstanding	16,052,833	4,441,582
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common stock, par value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	80,000,000	15,000,000
Common stock, shares issued	16,052,833	4,441,582
Common stock, shares outstanding	16,052,833	4,441,582

RESTATEMENTS OF PREVIOUSLY IS_5

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Consolidated statement of operations (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenues	$ 936				$ 18,386
Operating expenses
Compensation and benefits	1,197,742		$ 202,936		2,080,953	$ 372,705
Other general and administrative	2,311,291		271,384		3,563,150	701,973
Depreciation and amortization	248,173		199,791		495,488	209,355
Total operating expenses	3,757,205		674,111		6,139,590	1,284,032
Operating loss	(3,756,269)		(674,111)		(6,121,204)	(1,284,032)
Other income (expense)
Other income	16,334		53,745		29,351	64,104
Interest expense	(561,786)		(70,037)		(918,700)	(86,429)
Total other expense	(545,453)		(16,291)		(889,349)	(22,325)
Net loss before provision for income taxes	(4,301,722)		(690,402)		(7,010,553)	(1,306,357)
Provision for income taxes					0
Net loss	$ (4,301,722)	$ (2,708,831)	$ (690,402)	$ (615,955)	$ (7,010,553)	$ (1,306,357)
Loss per share basic	$ (0.42)		$ (0.22)		$ (0.95)	$ (0.41)
Loss per share diluted	$ (0.42)		$ (0.22)		$ (0.95)	$ (0.41)
Weighted average shares of common stock outstanding	10,244,608		3,150,750		7,351,845	3,150,404
Weighted average shares outstanding diluted	10,244,608		3,150,750		7,351,845	3,150,404
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenues	$ 936				$ 18,386
Cost of sales, net	161,377				265,883
Gross margin	(160,441)				(247,497)
Operating expenses
Other general and administrative	4,255,404				7,025,819
Depreciation and amortization	229,317		$ 5,859		457,773	$ 11,512
Total operating expenses	4,484,721		5,859		7,483,592	11,512
Other income (expense)
Other income	14,478				30,443	60,853
Interest expense	(61,787)		(17,913)		(168,700)	(35,416)
Total other expense	(47,309)		(17,913)		(138,257)	25,437
Net loss before provision for income taxes	(4,692,471)		(23,772)		(7,869,346)	13,925
Net loss	$ (4,692,471)		$ (23,772)		$ (7,869,346)	$ 13,925
Loss per share basic	$ (0.44)		$ (0.01)		$ (1)	$ 0
Loss per share diluted	$ (0.44)		$ (0.01)		$ (1)	$ 0
Weighted average shares of common stock outstanding	10,701,717		3,150,000		7,906,647	3,150,000
Weighted average shares outstanding diluted	10,701,717		3,150,000		7,906,647	3,150,000
Restatement Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales, net	$ (161,377)				$ (265,883)
Gross margin	160,441				247,497
Operating expenses
Compensation and benefits	1,197,742		$ 202,936		2,080,953	$ 372,705
Other general and administrative	(1,944,113)		271,384		(3,462,669)	701,973
Depreciation and amortization	18,856		193,932		37,715	197,843
Total operating expenses	(727,515)		668,252		(1,344,001)	1,272,521
Operating loss	(3,756,269)		(674,111)		(6,121,204)	(1,284,032)
Other income (expense)
Other income	1,856		53,745		(1,092)	3,251
Interest expense	(499,999)		(52,124)		(750,000)	(51,013)
Total other expense	(498,144)		1,622		(751,092)	(47,762)
Net loss before provision for income taxes	389,812		(666,630)		840,406	(1,320,283)
Net loss	$ 389,812		$ (666,630)		$ 840,406	$ (1,320,283)
Loss per share basic	$ 0.02		$ (0.21)		$ 0.04	$ (0.42)
Loss per share diluted	$ 0.02		$ (0.21)		$ 0.04	$ (0.42)
Weighted average shares of common stock outstanding	(457,109)		750		(554,802)	404
Weighted average shares outstanding diluted	(457,109)		750		(554,802)	404

RESTATEMENTS OF PREVIOUSLY IS_6

RESTATEMENTS OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Consolidated statement of cash flows (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Operating activities
Net loss			$ (7,010,553)	$ (1,306,357)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	$ 248,173	$ 199,791	495,488	209,355
Shares issued with debt			750,000
Share based compensation			131,942	14,358
Share Based Payments For Services			476,180
Amortization of operating lease right-of-use asset			27,109	29,165
Changes in assets and liabilities:
Prepaid expenses and other assets			(2,414,568)	2,250
Other assets			(47,410)	65
Accounts payable			(18,645)	(8,671)
Lease liability			(27,711)	(28,677)
Interest payable, related parties			(116,600)	42,446
Net cash used in operating activities			(7,754,769)	(1,046,067)
Investing activities
Capital expenditures			(51,697)	(1,026,857)
Acquisition of intangible assets				(307,728)
Net cash used in investing activities			(51,697)	(1,334,585)
Financing activities
Proceeds from related party debt payable			2,548,344	2,383,533
Proceeds from issuance of common stock, net			15,732,649
Proceeds from exercise of warrants			15,472,859
Proceeds from exercise of options			15,085
Repayments of related party debt payable			(6,277,154)
Net cash provided by financing activities			27,491,783	2,383,533
Net change in cash and cash equivalents			19,685,318	2,882
Cash and cash equivalents at the beginning of the period			8,335	38,890	$ 38,890
Cash and cash equivalents at the end of the period	19,693,653	41,772	19,693,653	41,772	8,335
As Previously Reported
Operating activities
Net loss			(7,869,346)	13,925
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	229,317	5,859	457,773	11,512
Share based compensation			1,663,908
Changes in assets and liabilities:
Other assets (complimentary devices)			64,375	(1,256,500)
Prepaid expenses and other assets			(2,414,568)	2,315
Accounts payable			(465,526)	(74,325)
Interest payable, related parties			(116,600)	35,413
Net cash used in operating activities			(7,748,932)	(1,119,010)
Investing activities
Capital expenditures			(51,701)
Acquisition of intangible assets				(1,418,583)
Net cash used in investing activities			(51,701)	(1,418,583)
Financing activities
Proceeds from related party debt payable			2,580,000	2,539,745
Proceeds from issuance of common stock, net			30,949,003
Proceeds from issuance of warrants, net			42,910
Repayments of related party debt payable			(6,085,962)
Net cash provided by financing activities			27,485,951	2,539,745
Net change in cash and cash equivalents			19,685,318	2,152
Cash and cash equivalents at the beginning of the period			8,335	38,890	38,890
Cash and cash equivalents at the end of the period	19,693,653	41,042	19,693,653	41,042	$ 8,335
Restatement Adjustments
Operating activities
Net loss			858,793	(1,320,282)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	$ 18,856	193,932	37,715	197,843
Shares issued with debt			750,000
Share based compensation			(1,531,966)	14,358
Share Based Payments For Services			476,180
Amortization of operating lease right-of-use asset			27,109	29,165
Changes in assets and liabilities:
Other assets (complimentary devices)			(64,375)	1,256,500
Prepaid expenses and other assets				(65)
Other assets			(47,410)	65
Accounts payable			(484,171)	(82,996)
Lease liability			(27,711)	(28,677)
Interest payable, related parties				7,033
Net cash used in operating activities			(5,837)	72,943
Investing activities
Capital expenditures			4	(1,026,857)
Acquisition of intangible assets				1,110,855
Net cash used in investing activities			4	83,998
Financing activities
Proceeds from related party debt payable			(31,656)	(156,212)
Proceeds from issuance of common stock, net			(15,216,354)
Proceeds from issuance of warrants, net			(42,910)
Proceeds from exercise of warrants			15,472,859
Proceeds from exercise of options			15,085
Repayments of related party debt payable			(191,192)
Net cash provided by financing activities			$ 5,832	(156,212)
Net change in cash and cash equivalents				730
Cash and cash equivalents at the end of the period		$ 730		$ 730

DEBT PAYABLE - RELATED PARTIES

DEBT PAYABLE - RELATED PARTIES - Additional advances by related parties (Details)	Apr. 30, 2021USD ($)shares	Mar. 31, 2021USD ($)shares	Jun. 30, 2021USD ($)M	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)itemshares	Dec. 31, 2019USD ($)	Jun. 30, 2021item
Related Party Transaction [Line Items]
Annual interest rate	18.00%	18.00%
Borrowings made			$ 2,548,344	$ 2,383,533
Number of Lenovo tablet hardware devices purchased			3				10,000
Outstanding advances on purchased tablet devices from related party	$ 500,000	$ 250,000
Number of shares issued during the period | shares	315,007	157,503
Outstanding principal associated with bridge loan from related party investor	$ 500,000	$ 250,000
Purchase of tablet devices
Related Party Transaction [Line Items]
Maximum borrowing capacity					$ 950,000
Number of Lenovo tablet hardware devices purchased | item					7,600
Related party notes payable transaction
Related Party Transaction [Line Items]
Maximum borrowing capacity					$ 2,500,000	$ 2,500,000
Annual interest rate						5.00%
Borrowings made					2,500,000
Bridge loan with related party investors
Related Party Transaction [Line Items]
Annual interest rate				18.00%
Bridge loan					2,000,000
Amount unfunded					$ 251,654
Number of shares issued during the period | shares					1,260,023
Valuation of shares	$ 500,000	$ 250,000			$ 2,000,000
Affiliated entity
Related Party Transaction [Line Items]
Cash consideration					$ 27,154

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash balances in excess of FDIC requirements	$ 19,443,653	$ 0
Employee Equity (Stock) Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock employee grant reserved	1,575,029
Employee exercised stock options and received	11,892

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Details)	Apr. 30, 2021shares	May 31, 2021shares	May 31, 2020shares	Mar. 31, 2021shares	Jun. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares
Class of Stock [Line Items]
Preferred stock, par value | $ / shares					$ 0.0001	$ 0.0001
Preferred stock, shares authorized					2,500,000	2,500,000
Number of shares issued during the period	315,007			157,503
Preferred stock, shares issued					0	2,500,000
Preferred stock, shares outstanding					0	2,500,000
Dividend payments on preferred stock | $					$ 0
Series ("Seed") Preferred stock
Class of Stock [Line Items]
Preferred stock, shares authorized					2,500,000
Number of shares issued during the period							2,500,000	2,500,000
Proceeds from issuance of preferred stock | $							$ 2,500,000	$ 2,500,000
Conversion ratio					0.7936
Interest payments on preferred stock | $					$ 0
Amount of return to investors for buying back | $					$ 2,500,000
Number of preferred stock converted into common stock		2,500,000	2,500,000			2,500,000
Shares issued upon conversion		3,150,058
Common Stock
Class of Stock [Line Items]
Preferred stock, par value | $ / shares					$ 0.0001
Number of shares issued during the period								3,150,058
Shares issued upon conversion		3,150,058

STOCKHOLDERS' EQUITY (DEFICIT_2

STOCKHOLDERS' EQUITY (DEFICIT) - Dividends (Details)	6 Months Ended
	Jun. 30, 2021USD ($)
STOCKHOLDERS' EQUITY (DEFICIT)
Dividends on common stock paid	$ 0
Dividend payments on preferred stock	$ 0

STOCKHOLDERS' EQUITY (DEFICIT_3

STOCKHOLDERS' EQUITY (DEFICIT) - Common stock (Details) - USD ($)	May 31, 2021	May 03, 2021	Apr. 30, 2021	Apr. 01, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Class of Stock [Line Items]
Common stock, par value					$ 0.0001		$ 0.0001
Common stock, shares authorized					80,000,000		80,000,000
Number of shares issued during the period			315,007			157,503
Issuance of common shares in exchange for services					$ 476,180
Value of shares issued during the period to investors valued as stock-based compensation expense					$ 500,000	$ 250,000
Bridge loan with related party investors
Class of Stock [Line Items]
Number of shares issued during the period							1,260,023
Common Stock
Class of Stock [Line Items]
Number of shares issued during the period								3,150,058
Issuance of common shares in exchange for services (in shares)				315,007			31,501
Issuance of common shares in exchange for services							$ 25,000
Number Of Shares Issued To Vendors		300,000
Issuance of common shares as stock-based compensation expense	$ 476,180			$ 500,000
Common Stock | Bridge loan with related party investors
Class of Stock [Line Items]
Shares issued with debt (in shares)						157,503	1,260,023
Value of shares issued during the period to investors valued as stock-based compensation expense						$ 250,000	$ 2,000,000

STOCKHOLDERS' EQUITY (DEFICIT_4

STOCKHOLDERS' EQUITY (DEFICIT) - Initial public offering (Details) - USD ($) $ / shares in Units, $ in Millions	May 03, 2021	Jun. 30, 2021
Class of Stock [Line Items]
Warrants issued		1,091,866
Warrants term	5 years
IPO proceeds allocated to Common Stock	$ 11
IPO proceeds allocated to warrants	$ 4.7
Warrants exercise price	$ 4.57
Over-Allotment Option
Class of Stock [Line Items]
Warrants issued	559,701
Price per share	$ 4.15
Proceeds from Initial Public Offering	$ 17.8
Net proceeds	$ 15.7
IPO
Class of Stock [Line Items]
Shares issued	4,291,045
Net proceeds		$ 15.7
IPO | Underwriter's Warrants
Class of Stock [Line Items]
Warrants issued	186,567
Warrants exercise price	$ 5.19

STOCKHOLDERS' EQUITY (DEFICIT_5

STOCKHOLDERS' EQUITY (DEFICIT) - Warrants Issued and Exercised (Details) - USD ($)	Aug. 13, 2021	Jun. 30, 2021	Jun. 30, 2021
Class of Stock [Line Items]
Exercise of warrants (in shares)			3,385,746
Additional working capital warrants		$ 4,738,750	$ 15,500,000
Proceeds from warrants exercised			$ 15,472,859
Issued			4,477,612
Warrants issued		1,091,866	1,091,866
Subsequent event
Class of Stock [Line Items]
Proceeds from warrants exercised	$ 16,000,000
Exercised	3,507,237
Warrants issued	970,375

STOCKHOLDERS' EQUITY (DEFICIT_6

STOCKHOLDERS' EQUITY (DEFICIT) - Share Buy-Back (Details) - USD ($) $ in Millions	Jul. 09, 2021	Jun. 23, 2021
STOCKHOLDERS' EQUITY (DEFICIT)
Buy-back of Common Stock announced		$ 2
Number of shares repurchased	137,650

STOCKHOLDERS' EQUITY (DEFICIT_7

STOCKHOLDERS' EQUITY (DEFICIT) - Employee Equity (Stock) Incentive Plan (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)employeeshares	Jun. 30, 2020USD ($)shares	Jun. 30, 2021USD ($)employee$ / sharesshares	Jun. 30, 2020USD ($)shares	Dec. 31, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	251,500	137,819
Common stock, shares issued	16,052,833		16,052,833		4,441,582
Common stock, shares outstanding	16,052,833		16,052,833		4,441,582
Stock based compensation expense - Employee stock option | $	$ 85,256		$ 131,942
Employee Equity (Stock) Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock employee grant reserved	1,575,029		1,575,029
Number of shares granted			449,168	137,819
Common stock options issued			673,535		236,259
Weighted average strike price per option | $ / shares			$ 2.20
Stock based compensation expense - Employee stock option | $		$ 14,358		$ 14,358
Number of Employees exercised stock options | employee	1		1
Exercise of options (in shares)			11,892

STOCKHOLDERS' EQUITY (DEFICIT_8

STOCKHOLDERS' EQUITY (DEFICIT) - Forward stock split (Details)	Mar. 01, 2021
STOCKHOLDERS' EQUITY (DEFICIT)
Forward stock split ratio	1.260023

PROPERTY AND EQUIPMENT - Net of

PROPERTY AND EQUIPMENT - Net of accumulated depreciation (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,215,010	$ 1,163,311
Less accumulated depreciation	(1,064,491)	(657,017)
Property and equipment, net	150,519	506,294
Tablets
Property, Plant and Equipment [Line Items]
Property and equipment, gross	972,050	972,050
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 242,960	$ 191,261

PROPERTY AND EQUIPMENT - Additi

PROPERTY AND EQUIPMENT - Additional information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
PROPERTY AND EQUIPMENT
Depreciation expense	$ 204,168	$ 199,791	$ 407,476	$ 209,355

INTANGIBLE ASSETS - INTELLECT_3

INTANGIBLE ASSETS - INTELLECTUAL PROPERTY - Intellectual Property - Patent and Production Costs (Details) - USD ($)	Jul. 01, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization expense		$ 44,006	$ 0	$ 88,012	$ 0
Patent Acquisition Costs
Finite-Lived Intangible Assets [Line Items]
Useful Life	15 years			15 years
Production Costs
Finite-Lived Intangible Assets [Line Items]
Useful Life	5 years

INTANGIBLE ASSETS - INTELLECT_4

INTANGIBLE ASSETS - INTELLECTUAL PROPERTY - summary of intangible asset (Details) - USD ($)	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	$ 976,284	$ 976,284
Less accumulated amortization	(88,013)	(176,025)
Total	888,271	800,259	$ 888,271
Software development
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	832,045	832,045
Patents
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	$ 144,239	$ 144,239

INTANGIBLE ASSETS - INTELLECT_5

INTANGIBLE ASSETS - INTELLECTUAL PROPERTY - Future amortization of intangible assets (Details) - USD ($)	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Future amortization of intangible assets
2021		$ 88,012
2022		176,025
2023		176,025
2024		176,025
2025		92,820
Thereafter		91,351
Total	$ 888,271	$ 800,259	$ 888,271

INTANGIBLE ASSETS - INTELLECT_6

INTANGIBLE ASSETS - INTELLECTUAL PROPERTY - Additional details (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
INTANGIBLE ASSETS - INTELLECTUAL PROPERTY
Intangible assets, net of accumulated amortization	$ 800,259		$ 800,259		$ 888,271	$ 888,271
Amortization expense	44,006	$ 0	88,012	$ 0
Accumulated amortization	$ 176,025		$ 176,025		$ 88,013

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event - USD ($)	1 Months Ended
	Apr. 30, 2022	Jul. 12, 2021
Subsequent Event [Line Items]
Amount of contract to expand its office space footprint		$ 1,100,000
Gross sales price of condominium	$ 1,100,000