T Stamp (IDAI)

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T Stamp (IDAI) - 2023 Q4 - Annual Results
2024-03-28 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): March 27, 2024 T STAMP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (Commission File Number) Delaware 001-41252 81-3777260 (I.R.S. Employer Identification Number) 3017 Bolling Way NE, Floors 1 and 2, Atlanta, Georgia 30305 (Address o ...
T Stamp (IDAI) - 2023 Q3 - Quarterly Report
2023-11-07 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its ch ...
T Stamp (IDAI) - 2023 Q2 - Quarterly Report
2023-08-14 20:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its charter ...
T Stamp (IDAI) - 2023 Q1 - Quarterly Report
2023-05-15 12:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its charte ...
T Stamp (IDAI) - 2022 Q4 - Annual Report
2023-03-30 20:33
Financial Performance - The company reported a loss of $9.1 million for the year ended December 31, 2021, with operating cash outflows of $6.7 million[293]. - As of December 31, 2021, the company had an accumulated deficit of $27.2 million[293]. - The company has not yet generated profits and has a significant working capital deficiency, raising concerns about its ability to continue as a going concern[299]. - Net revenue for 2022 was $5,385,077, representing a 46.4% increase from $3,677,896 in 2021[308]. - The operating loss for 2022 was $12,078,923, compared to a loss of $8,890,992 in 2021, indicating a worsening of 35.5%[308]. - Net loss attributable to T Stamp Inc. for 2022 was $12,091,540, compared to $9,057,163 in 2021, reflecting a 33.6% increase in losses[308]. - For the year ended December 31, 2022, T Stamp Inc. reported a net loss of $12.09 million, compared to a net loss of $9.06 million in 2021, representing a 33.4% increase in losses year-over-year[330]. - The company experienced negative cash flows from operating activities amounting to $6.34 million in 2022, slightly improved from negative cash flows of $6.70 million in 2021[330]. Capital Raising Activities - The company raised a total of $4.0 million from the sale of 260,245 shares of Class A Common Stock in a Reg D offering on March 12, 2021[166]. - An additional $4.6 million was raised from 227,595 shares of Class A Common Stock in a Reg CF offering on August 25, 2021[166]. - The company raised $1.5 million from the sale of 195,000 shares of Class A Common Stock in a Reg D offering on September 14, 2022[166]. - T Stamp Inc. raised $5.10 million from financing activities in 2022, down from $9.34 million in 2021, reflecting a 45.0% decrease[330]. Financial Position - Total assets decreased to $6,411,918 in 2022, down 26.0% from $8,664,654 in 2021[305]. - Total liabilities rose to $5,786,774 in 2022, an increase of 59.3% from $3,630,938 in 2021[305]. - Cash and cash equivalents decreased significantly to $1,254,494 in 2022, down 63.9% from $3,475,695 in 2021[305]. - Total stockholders' equity decreased to $625,144 in 2022, down 87.6% from $5,033,716 in 2021[305]. - The company reported an accumulated deficit of $39.30 million as of December 31, 2022, highlighting ongoing financial challenges[330]. Audit and Compliance - The financial statements for the year ended December 31, 2022, present the company's financial position fairly in accordance with GAAP[298]. - The company conducted its audit in accordance with PCAOB standards, ensuring reasonable assurance about the financial statements' accuracy[302]. - The company has plans to mitigate its financial conditions as described in its financial statements[293]. Customer Concentration - As of December 31, 2022, three customers represented 96% of total accounts receivable, with individual contributions of 37%, 33%, and 26%[347]. - During the year ended December 31, 2022, approximately 93.60% of total net revenue was generated from three customers, specifically 61.01% from ICE, 18.36% from an S&P 500 Bank, and 14.23% from Mastercard[348]. Research and Development - Research and development expenses were $2,474,327 in 2022, slightly down by 2.2% from $2,529,501 in 2021[308]. - Research and development costs are expensed as incurred, primarily consisting of personnel costs related to software activities and application development[375]. Stock and Equity - A reverse stock split was approved, effective March 23, 2023, at a ratio of 1-for-5, aimed at improving the stock's marketability[322]. - The company has a single operating and reportable segment, with financial information reviewed on a consolidated basis[342]. - The company accounts for stock-based compensation at fair value, with the calculated fair value recognized as expense over the requisite service period[377]. Tax and Deferred Assets - The company reported a total deferred tax asset of $9,573,481 as of December 31, 2022, compared to $6,462,319 in 2021, reflecting a 48.5% increase[449]. - The company had Federal net operating loss carryforwards of $18,103,710 as of December 31, 2022, with $17,529,659 generated from 2018 onwards having an indefinite life[451]. - The company recognized a total income tax expense of $21,076 for the year ended December 31, 2022, compared to $0 in 2021[448]. Impairment and Losses - The company recorded $28 thousand of impairment losses on digital assets during the year ended December 31, 2022[360]. - The company has not experienced any significant losses on its accounts receivable as of December 31, 2022 and 2021[347]. Miscellaneous - The company assessed that there was no material impact from the COVID-19 pandemic on its consolidated financial statements for the twelve months ended December 31, 2022[341]. - Trust Stamp Malta acquired Pixelpin for $92 thousand, with the fair value of net assets acquired totaling $91,754 thousand, including trade name and trademarks valued at $90,621 thousand[403].
T Stamp (IDAI) - 2022 Q3 - Quarterly Report
2022-11-10 21:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its ch ...
T Stamp (IDAI) - 2022 Q2 - Quarterly Report
2022-08-22 20:42
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Atlanta, Georgia, 30305 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as ...
T Stamp (IDAI) - 2022 Q1 - Quarterly Report
2022-05-12 20:54
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its charte ...
T Stamp (IDAI) - 2021 Q4 - Annual Report
2022-04-07 19:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 001-41252 T Stamp Inc. (Exact name of registrant as specified in its charter) | Delaware | 7372 | 81-3777260 | ...
T Stamp (IDAI) - 2021 Q3 - Quarterly Report
2022-03-21 21:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its ch ...