Decentral Life Inc (OTC: WDLF) is a blockchain technology company that licenses social networking and decentralized application (dApp) technology to businesses through its Technology Business Incubator (TBI) program. The company generates revenue by charging TBI participating companies a 5% fee on revenue produced through its licensed technology platform, receiving up to 15% of a TBI company's securities upon a liquidity event, and licensing Ethereum-based dApps to clients on an annual basis at pricing that ranges from thousands to tens of thousands of USD per client per year. As of the 10-K filed March 22, 2023, covering fiscal year ended December 31, 2022, the company reported an accumulated deficit of $32,793,526 and received a going concern qualification from auditor BF Borgers CPA PC. The company was originally incorporated as CJ Industries Inc. in California on August 30, 1985, and is currently led by CEO Ken Tapp. It has financed operations through equity investments and debt.

Revenue model

Three revenue streams per the FY2022 10-K: (1) a 5% fee on revenue generated through licensed social networking and ecommerce technology by TBI program companies; (2) up to 15% equity in TBI companies upon a liquidity event; (3) annual licensing fees for Ethereum-based dApps, ranging from thousands to tens of thousands of USD per client.

Products and services

Proprietary social networking and ecommerce technology platform licensed to TBI program companies; WDLF security token (ERC20) on the Ethereum blockchain launched Q3 2021; decentralized applications (dApps) built on the Ethereum blockchain sold and licensed to clients; smart contracts on Ethereum launched throughout 2022.

Customers and end markets

TBI program companies that license the social networking and ecommerce platform; businesses seeking to launch or manage security token offerings (STOs); companies seeking Ethereum-based dApp development and licensing. End users of the platform create content and recruit users across social media.

Value-chain role

Technology licensor and blockchain development services provider. Sits between blockchain infrastructure (Ethereum) and end-client businesses, supplying platform software, dApps, smart contracts, and incubation support.

Geographic exposure

Platform used by consumers and companies across 120 countries worldwide as stated in the FY2022 10-K. Operates under GDPR obligations in the European Union.

Source: SEC 10-K, filed 2023-03-22

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