2024 Q1 Form 10-K Financial Statement

#000171893924000043 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $573.7K $575.0K $4.560M
YoY Change 25.08% 13.36% -15.32%
Cost Of Revenue $294.6K $254.0K $914.2K
YoY Change 35.79% 18.68% -48.79%
Gross Profit $279.1K $321.1K $3.646M
YoY Change 15.48% 9.47% 1.28%
Gross Profit Margin 48.65% 55.83% 79.95%
Selling, General & Admin $2.492M $2.495M $8.396M
YoY Change 26.49% -27.24% -32.53%
% of Gross Profit 892.82% 777.11% 230.26%
Research & Development $451.8K $538.7K $2.351M
YoY Change -28.55% -23.93% -5.0%
% of Gross Profit 161.9% 167.8% 64.47%
Depreciation & Amortization $184.8K $189.6K $789.6K
YoY Change -15.69% -10.89% 3.83%
% of Gross Profit 66.22% 59.05% 21.66%
Operating Expenses $3.423M $3.227M $11.54M
YoY Change 12.66% -25.81% -33.94%
Operating Profit -$2.849M -$2.906M -$7.890M
YoY Change 10.45% -28.37% -34.68%
Interest Expense -$18.55K -$43.52K -$73.27K
YoY Change 60.33% -273.59% -170.29%
% of Operating Profit
Other Income/Expense, Net $170.7K $51.43K $312.0K
YoY Change 428.45% 181.5% 3587.79%
Pretax Income -$2.679M -$2.898M -$7.651M
YoY Change 5.15% -27.84% -36.61%
Income Tax $0.00 -$13.49K -$13.49K
% Of Pretax Income
Net Earnings -$2.679M -$2.885M -$7.638M
YoY Change 5.15% -28.55% -36.83%
Net Earnings / Revenue -466.91% -501.65% -167.48%
Basic Earnings Per Share -$0.26 -$1.07
Diluted Earnings Per Share -$0.26 -$0.34 -$1.07
COMMON SHARES
Basic Shares Outstanding 10.10M shares 8.266M shares 7.128M shares
Diluted Shares Outstanding 10.11M shares 7.128M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $816.7K $3.141M $3.141M
YoY Change 5.64% 150.36% 150.36%
Cash & Equivalents $816.7K $3.141M $3.141M
Short-Term Investments
Other Short-Term Assets $377.8K $245.3K $245.3K
YoY Change 26.83% -15.45% -12.94%
Inventory
Prepaid Expenses $300.0K $216.9K
Receivables $643.5K $686.3K $686.3K
Other Receivables $16.08K $625.6K $625.6K
Total Short-Term Assets $2.422M $4.698M $4.698M
YoY Change 34.6% 63.44% 63.44%
LONG-TERM ASSETS
Property, Plant & Equipment $47.69K $221.2K $221.2K
YoY Change -41.91% -26.44% -64.12%
Goodwill $1.249M $1.249M
YoY Change 0.0% 0.0%
Intangibles $196.0K $223.7K
YoY Change -17.91% -11.12%
Long-Term Investments
YoY Change
Other Assets $36.56K $29.47K $29.47K
YoY Change 1669.55% 1326.43%
Total Long-Term Assets $3.190M $3.195M $3.195M
YoY Change -5.1% -9.67% -9.67%
TOTAL ASSETS
Total Short-Term Assets $2.422M $4.698M $4.698M
Total Long-Term Assets $3.190M $3.195M $3.195M
Total Assets $5.612M $7.893M $7.893M
YoY Change 8.74% 23.1% 23.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.063M $1.232M $1.232M
YoY Change -22.1% 30.36% 30.36%
Accrued Expenses $1.285M $1.225M $1.225M
YoY Change 7.85% 11.39% -4.11%
Deferred Revenue $268.3K $10.80K
YoY Change -90.23% -99.4%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $162.1K $162.1K
YoY Change 36.4% 36.4%
Total Short-Term Liabilities $2.784M $2.714M $2.714M
YoY Change -52.75% -38.97% -37.3%
LONG-TERM LIABILITIES
Long-Term Debt $946.4K $953.9K $953.9K
YoY Change 4.27% 7.6% 7.6%
Other Long-Term Liabilities $338.4K $310.3K $310.3K
YoY Change 5.85% -45.71% -45.71%
Total Long-Term Liabilities $946.4K $1.264M $1.264M
YoY Change 4.27% 42.61% -13.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.784M $2.714M $2.714M
Total Long-Term Liabilities $946.4K $1.264M $1.264M
Total Liabilities $4.069M $4.140M $4.140M
YoY Change -42.85% -28.46% -30.4%
SHAREHOLDERS EQUITY
Retained Earnings -$53.53M -$50.85M
YoY Change 27.91% 29.39%
Common Stock $101.0K $91.43K
YoY Change 97.2% 88.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.382M $3.753M $3.753M
YoY Change
Total Liabilities & Shareholders Equity $5.612M $7.893M $7.893M
YoY Change 8.74% 23.1% 23.1%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.679M -$2.885M -$7.638M
YoY Change 5.15% -28.55% -36.83%
Depreciation, Depletion And Amortization $184.8K $189.6K $789.6K
YoY Change -15.69% -10.89% 3.83%
Cash From Operating Activities -$2.160M -$1.973M -$7.853M
YoY Change 1293.55% 31.84% 23.86%
INVESTING ACTIVITIES
Capital Expenditures $2.777K $219.0K $779.0K
YoY Change -98.55% -16.75% 2425.91%
Acquisitions
YoY Change
Other Investing Activities -$2.640K $377.4K
YoY Change 2724.55%
Cash From Investing Activities -$156.0K -$221.7K -$401.7K
YoY Change -18.44% -15.75% -59.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.32M
YoY Change 949.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$22.50K 2.183M 10.21M
YoY Change -78.17% 9869.91% 100.22%
NET CHANGE
Cash From Operating Activities -$2.160M -1.973M -7.853M
Cash From Investing Activities -$156.0K -221.7K -401.7K
Cash From Financing Activities -$22.50K 2.183M 10.21M
Net Change In Cash -$2.324M -10.82K 1.959M
YoY Change 382.79% -99.38% -188.2%
FREE CASH FLOW
Cash From Operating Activities -$2.160M -$1.973M -$7.853M
Capital Expenditures $2.777K $219.0K $779.0K
Free Cash Flow -$2.163M -$2.192M -$8.632M
YoY Change 524.66% 24.57% 35.49%

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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 idai Increase Decrease In Customer Deposits Liability
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CY2022 idai Payments For Patent Application Costs
PaymentsForPatentApplicationCosts
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PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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ProceedsFromExerciseOfWarrantsToCommonStock
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CY2022 idai Proceeds From Exercise Of Warrants To Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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CY2023 idai Proceeds From Loan From Maltese Government
ProceedsFromLoanFromMalteseGovernment
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CY2022 idai Proceeds From Loan From Maltese Government
ProceedsFromLoanFromMalteseGovernment
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CY2023 idai Principal Payment On Derivatives
PrincipalPaymentOnDerivatives
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CY2022 idai Principal Payment On Derivatives
PrincipalPaymentOnDerivatives
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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1886253 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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AdjustmentToOperatingLeaseRightOfUseAssetsRelatedToRenewedLeases
82185 usd
CY2022 idai Adjustment To Operating Lease Right Of Use Assets Related To Renewed Leases
AdjustmentToOperatingLeaseRightOfUseAssetsRelatedToRenewedLeases
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CY2023 idai Adjustment To Operating Lease Operating Lease Liabilities Related To Renewed Leases
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CY2022 idai Adjustment To Operating Lease Operating Lease Liabilities Related To Renewed Leases
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 idai Non Cash Activity Of Operating Lease Liabilities Related To Terminated Leases
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CY2022 idai Non Cash Activity Of Operating Lease Liabilities Related To Terminated Leases
NonCashActivityOfOperatingLeaseLiabilitiesRelatedToTerminatedLeases
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CY2023 idai Non Cash Activity Of Prepaid Rent Expense Reclassified Upon Termination Of Leases
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CY2023 idai Adjustment To Operating Lease Liabilities Related To New Lease Commencement
AdjustmentToOperatingLeaseLiabilitiesRelatedToNewLeaseCommencement
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CY2022 idai Adjustment To Operating Lease Liabilities Related To New Lease Commencement
AdjustmentToOperatingLeaseLiabilitiesRelatedToNewLeaseCommencement
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CY2023 idai Adjustment To Operating Lease Right Of Use Assets For New Lease Commencement
AdjustmentToOperatingLeaseRightOfUseAssetsForNewLeaseCommencement
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CY2022 idai Adjustment To Operating Lease Right Of Use Assets For New Lease Commencement
AdjustmentToOperatingLeaseRightOfUseAssetsForNewLeaseCommencement
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CY2023 us-gaap Increase Decrease In Prepaid Rent
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CY2022 us-gaap Increase Decrease In Prepaid Rent
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CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2023 idai Operating Lease Right Of Use Assets Established Upon Adoption Of Asc842
OperatingLeaseRightOfUseAssetsEstablishedUponAdoptionOfASC842
0 usd
CY2022 idai Operating Lease Right Of Use Assets Established Upon Adoption Of Asc842
OperatingLeaseRightOfUseAssetsEstablishedUponAdoptionOfASC842
322559 usd
CY2023 idai Operating Lease Liabilities Established Upon Adoption Of Asc842
OperatingLeaseLiabilitiesEstablishedUponAdoptionOfAsc842
0 usd
CY2022 idai Operating Lease Liabilities Established Upon Adoption Of Asc842
OperatingLeaseLiabilitiesEstablishedUponAdoptionOfAsc842
302573 usd
CY2023 idai Prepaid Rent Expense Reclassified Upon Adoption Of Asc842
PrepaidRentExpenseReclassifiedUponAdoptionOfAsc842
0 usd
CY2022 idai Prepaid Rent Expense Reclassified Upon Adoption Of Asc842
PrepaidRentExpenseReclassifiedUponAdoptionOfAsc842
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7850000 usd
CY2023Q4 idai Working Capital In Business
WorkingCapitalInBusiness
-1980000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-50850000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates. On an ongoing basis, the Company evaluates their estimates that include, but are not limited to, measuring satisfaction of a performance obligation over time, related to revenue contracts that are not fully complete at the end of a fiscal year, capitalization and estimated useful life of internal-use software, the allowance for doubtful accounts, the fair value of financial assets and liabilities, the recoverability of Goodwill, stock-based compensation, impairment of long-lived assets, the valuation of deferred tax assets and uncertain tax positions, and warrant liabilities. We base our estimates on assumptions, both historical and forward-looking trends, and various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Major Customers and Concentration of Risks —</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of Cash and cash equivalents, and Accounts receivable. We maintain our Cash and cash equivalents with high-quality financial institutions, mainly in the United States; the composition of which are regularly monitored by us. The Federal Deposit Insurance Corporation covers $250 thousand for substantially all depository accounts. The Company from time to time may have amounts on deposit in excess of the insured limits. As of December 31, 2023 and 2022, the Company had $2.62 million and $71 thousand in U.S. bank accounts, respectively, which exceeded these insured amounts. Management believes minimal credit risk exists with respect to these financial institutions and the Company has not experienced any losses on such amounts.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For Accounts receivable, we are exposed to credit risk in the event of nonpayment by customers to the extent the amounts are recorded in the consolidated balance sheets. We extend different levels of credit and maintain reserves for potential credit losses based upon the expected collectability of Accounts receivable. We manage credit risk related to our customers by performing periodic evaluations of credit worthiness and applying other credit risk monitoring procedures.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Three customers represented 91.11% or 53.55%, 30.43%, and 7.13% of the balance of total Accounts receivable as of December 31, 2023 and three customers represented 95.37% or 36.90%, 32.69%, and 25.78% of the balance of total Accounts receivable as of December 31, 2022. The Company seeks to mitigate its credit risk with respect to Accounts receivable by contracting with large commercial customers and government agencies, and regularly monitoring the aging of Accounts receivable balances. As of December 31, 2023 and 2022, the Company had not experienced any significant losses on its Accounts receivable.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">year</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> ended December 31, 2023, the Company sold to primarily three customers which made up approximately 89.75% of total Net revenue, and consisted of 55.04%, 17.77%, and 16.94% from IGS, an S&amp;P 500 Bank, and Mastercard, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, during the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">year</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> ended </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">December 31, 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the Company sold to primarily three customers which made up approximately 93.60% of total Net revenue, and consisted of 61.01%, 18.36%, and 14.23% from ICE, an S&amp;P 500 Bank, and Mastercard.</span></div>
CY2023Q4 us-gaap Accounts Receivable Gross Current
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694000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1010000.00 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
143000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
109000 usd
CY2023 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
19000 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
12000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
217000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4560275 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5385077 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
224000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 idai Class Of Warrant Or Right Consideration Transferred
ClassOfWarrantOrRightConsiderationTransferred
1000000 usd
CY2023 idai Percentage Of Discount Of Future Issuance Of Preferred Stock
PercentageOfDiscountOfFutureIssuanceOfPreferredStock
0.20
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
250000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
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250000 usd
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CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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6446199 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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1465083 shares
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8.85
CY2022Q3 idai Number Of Warrants Cancelled
NumberOfWarrantsCancelled
390000 shares
CY2023Q2 idai Stock Issued During Period Shares Exercise Of Warrants
StockIssuedDuringPeriodSharesExerciseOfWarrants
1279700 shares
CY2023Q4 idai Stock Issued During Period Shares Exercise Of Warrants
StockIssuedDuringPeriodSharesExerciseOfWarrants
1573330 shares
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216875 usd
CY2022Q4 us-gaap Prepaid Expense Current
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CY2022Q4 us-gaap Prepaid Rent
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CY2023Q4 us-gaap Value Added Tax Receivable
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CY2022Q4 us-gaap Value Added Tax Receivable
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363260 usd
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2023 idai Capitalized Computer Software Useful Life
CapitalizedComputerSoftwareUsefulLife
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CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3314450 usd
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CapitalizedComputerSoftwareAccumulatedAmortization
2429427 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1895778 usd
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1472374 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1418672 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
557000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
517000 usd
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223690 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
251686 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
12000 usd
CY2023 us-gaap Capitalized Computer Software Impairments1
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19000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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180066 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
473202 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
123630 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
172538 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
56436 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
300664 usd
CY2023 us-gaap Depreciation
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72000 usd
CY2022 us-gaap Depreciation
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136000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
180000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Properties
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108000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
197000 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
108000 usd
CY2023Q4 idai Compensation Payable
CompensationPayable
377403 usd
CY2022Q4 idai Compensation Payable
CompensationPayable
171851 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
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CY2022Q4 us-gaap Accrued Sales Commission Current
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CY2023Q4 idai Accrued Employee Taxes
AccruedEmployeeTaxes
624525 usd
CY2022Q4 idai Accrued Employee Taxes
AccruedEmployeeTaxes
591992 usd
CY2023Q4 idai Accrued Mobile Expenses Current
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0 usd
CY2022Q4 idai Accrued Mobile Expenses Current
AccruedMobileExpensesCurrent
177099 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
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115099 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
100111 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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CY2022Q4 us-gaap Accrued Liabilities Current
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1099824 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
554481 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
450641 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
330791 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
198955 usd
CY2023 idai Number Of Finite Lived Intangible Assets
NumberOfFiniteLivedIntangibleAssets
17 patent
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
160000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
107000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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120078 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
75043 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
28569 usd
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223690 usd
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CurrentStateAndLocalTaxExpenseBenefit
2425 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
19730 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
181270 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
158085 usd
CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
90540 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
38153 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
21076 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2023Q4 idai Deferred Tax Assets Amortization Of Research And Development Expenditures
DeferredTaxAssetsAmortizationOfResearchAndDevelopmentExpenditures
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CY2022Q4 idai Deferred Tax Assets Amortization Of Research And Development Expenditures
DeferredTaxAssetsAmortizationOfResearchAndDevelopmentExpenditures
463749 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
516330 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1660684 usd
CY2023Q4 idai Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
3934 usd
CY2022Q4 idai Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
12292 usd
CY2023Q4 idai Deferred Tax Assets Other Accruals
DeferredTaxAssetsOtherAccruals
17448 usd
CY2022Q4 idai Deferred Tax Assets Other Accruals
DeferredTaxAssetsOtherAccruals
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CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2023Q4 idai Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
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CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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DeferredTaxAssetsLiabilitiesNetTotal
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DeferredTaxAssetsLiabilitiesNetTotal
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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NetIncreaseDecreaseInValuationAllowance
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CY2022 idai Net Increase Decrease In Valuation Allowance
NetIncreaseDecreaseInValuationAllowance
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Dilutive Securities
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4186 shares
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2023Q4 idai Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Intrinsic Value1
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CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2022Q4 idai Share Based Compensation Arrangement Weighted Average Grant Date Fair Value Of Options Granted Amount
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CY2023 idai Lease Termination Fees
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CY2023 idai Lease Termination Fees
LeaseTerminationFees
10932 usd
CY2023Q4 idai Right Of Use Assets Derecognized Upon Lease Termination
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CY2023 us-gaap Gain Loss On Termination Of Lease
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CY2023 idai Adjustment To Operating Lease Right Of Use Assets Related To Renewed Leases
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82000 usd
CY2023 idai Adjustment To Operating Lease Operating Lease Liabilities Related To Renewed Leases
AdjustmentToOperatingLeaseOperatingLeaseLiabilitiesRelatedToRenewedLeases
83000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
164740 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
315765 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
81236 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
177795 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
53771 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
102407 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
135007 usd
CY2023Q4 idai Lessee Operating Lease Liability To Be Paid Net Of Undiscounted Excess Amount Year One
LesseeOperatingLeaseLiabilityToBePaidNetOfUndiscountedExcessAmountYearOne
81236 usd
CY2023Q4 idai Lessee Operating Lease Liability Undiscounted Excess Amount Year One
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearOne
3899 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
85135 usd
CY2023Q4 idai Lessee Operating Lease Liability To Be Paid Net Of Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityToBePaidNetOfUndiscountedExcessAmountYearTwo
27655 usd
CY2023Q4 idai Lessee Operating Lease Liability Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearTwo
1802 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29457 usd
CY2023Q4 idai Lessee Operating Lease Liability To Be Paid Net Of Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityToBePaidNetOfUndiscountedExcessAmountYearThree
8937 usd
CY2023Q4 idai Lessee Operating Lease Liability Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearThree
1047 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9984 usd
CY2023Q4 idai Lessee Operating Lease Liability To Be Paid Net Of Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityToBePaidNetOfUndiscountedExcessAmountYearFour
8758 usd
CY2023Q4 idai Lessee Operating Lease Liability Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFour
621 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9379 usd
CY2023Q4 idai Lessee Operating Lease Liability To Be Paid Net Of Undiscounted Excess Amount After Year Four
LesseeOperatingLeaseLiabilityToBePaidNetOfUndiscountedExcessAmountAfterYearFour
8421 usd
CY2023Q4 idai Lessee Operating Lease Liability Undiscounted Excess Amount After Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountAfterYearFour
176 usd
CY2023Q4 idai Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8597 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
135007 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7545 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
142552 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
209577 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
276562 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
59631 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
90159 usd
CY2023 us-gaap Lease Cost
LeaseCost
269208 usd
CY2022 us-gaap Lease Cost
LeaseCost
366721 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
179621 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
258892 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
162000 usd
CY2023Q1 idai Financial Liability Obligation Termination Notice Term
FinancialLiabilityObligationTerminationNoticeTerm
P30D

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