Hello everyone. Welcome to SRAX 2021 business update. This is our safe harbor statement. This presentation contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Words or expressions such as anticipate, plan, will, intend, believe or expect, or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation, statements made with respect to expectations of our ability to increase our revenues, satisfy our obligations as they become due, report profitable operations and other risks and uncertainties as set forth on Form 10-K for the year ended December 31st, 2020, and our subsequent quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties and could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of SRAX and are difficult to predict. SRAX undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. Now I turn to SRAX CEO, Chris Miglino. Thanks, Morgan. Thanks everybody for joining us here today. As many of you know, SRAX is in the business of building products that are tools that help public companies thrive. We do that through a few different mechanisms. We do that through our Sequire SaaS platform, which is a tool that allows public companies to understand a variety of different things about their investors, both retail and institutional, and manages a variety of different things that are important for public companies, employee options, warrants that they might have in the company. Their cap table in general allows them to manage everything that has to do with the day-to-day activity of being a public company as it relates to the stock in that company. We then complement that with two other pieces of our business. We own the largest microcap conference in the country. We throw that in person twice a year called LD Micro. The next one is coming up here in June. Then we have the virtual element of that. We've written some virtual software that allows us to run virtual conferences, not only for ourselves, but we've licensed then our software out to other banks that are out there to run their conferences. We have many, many different banks that are licensing our software to run their virtual conferences. Then around all of this, we've built investor community. We have a database inside this ecosystem of companies that represents a significant amount of shareholders. We're building community around those shareholders, giving them news and information and education so that they can become better investors and better educated in the market itself. 2021 was a banner year for us. We had... You know, we did $46.1 million in bookings for the year, not revenue, but we booked $46 million worth of contracts in 2021. It was a very solid year, and we're accelerating that pace into 2022. We ended the year with around 278 issuers that signed up for the Sequire platform. We're reaffirming our guidance for Q1 of $11.5 million, which is a number that we gave out recently. We're increasing our full year revenue guidance from $45 million-$47 million to $47 million-$49 million. We're comfortable doing that because we're seeing an acceleration in the bookings that we're having within the organization. Now I'd like to turn over the call to Mike Malone, our CFO, to give you a little bit of an update on where we are with the filing. Thank you, Chris. As many of you know, last week we filed an extension to file our annual report. The delays causing the extension are the result of complexities related to the deconsolidation of BIGtoken in the fourth quarter. Specifically, procedures related to the review and audit of the financial statements that we were required to incorporate within ours, as well as the valuation of a remaining equity investment within BIGtoken, have caused overall delays in the completion of our audit work. We're working diligently to complete these items accurately and expeditiously. As a result of the deconsolidation of BIGtoken, our financials will be much easier to understand going forward. They will be highlighting the true value of our Sequire business. With that, I'd like to turn the call back to Chris. Thanks, Mike. You know, there's no excuse for us not to have our financials filed on time, and we're doing everything we can, working 24/7 over here to get that done. You know, some of the stuff that we're working on has been very complex, and we hope that after BIGtoken is separated fully out of the ecosystem of Sequire, that this makes it much easier to understand Sequire and SRAX as a business going forward. We appreciate your patience. We understand that, you know, nobody likes to see things filed late, including us, and, you know, hope to have these filed on time in the future. We'll have another call once this is done and finished that will outline the exact numbers. Before we get there, I just want to give you a little bit of a preview into the Sequire bookings, because Q1, we saw another significant booking period. We did $15.6 million in bookings in Q1, which is a pretty solid number considering, you know, it's a little bit down from Q4. We did $16.5 million, but Q4 was an amazing quarter. This is well above what we had anticipated that we would do for Q1. That's why we are comfortable in increasing our guidance for the year because, you know, we have insight and obviously the sooner in the year that we're closing this business up, the more impact it has in 2022. We're really excited about this. The sales team has grown. We've hired up around the sales team, and they have a lot of business in the pipeline. Things are looking good on the booking side. We added around 24 new subscribers to the platform in between Q4 and Q1. It's you know the number of subscribers continues to increase. Hopefully we can keep pace with that. I wanna talk a little bit about our share structure. We had around 4.5 million warrants that expired in January of this year. We were able to subtract around $4.5 million worth of warrants out of our cap table. On a fully diluted basis now, we're looking at around 33.4 million shares outstanding for the company. If all of those warrants come in that make up that share structure, which would be a total of 5.3 million warrants, then you're looking at around $16 million that would come into the company in additional cash. You have in April, this month, you have around 1.4 million warrants that expire in April, and then the next big chunk of warrants expire in October of 3.7 million. Again, collectively, if all of those were to get exercised, it would generate another $16 million in capital for the company. As of the end of the year, we had 153 employees within the organization. You know, we're starting to see people getting back together. We're starting to get the team back together. We had an offsite in February where the entire product team and engineering team spent a week in planning for the year. It was, you know, it's great to have everybody back in one location and collaborating with each other. We saw a big increase in the institutional ownership. We had projected around 8.1 million for Q4, where we did see that we have around 8.1 million shares owned by institutional owners, and that's a significant increase over the 600,000 shares, a little bit more than a year ago. We've seen a constant increase here in the number of institutional shareholders. We think that's fantastic. We have a couple of new features that we added in the fourth quarter that we're announcing right now. We have a product that's called the Deal Center, and the Deal Center allows the issuers to track the movement of specific financings that they do. Historically, what's happened inside of financings or any type of stock surveillance is that companies would be focused on 13F's, 13G's that are filed by different hedge funds or different institutional investors. We've built the Deal Center as a tool that allows for the issuer to track exactly where shares move whenever a transaction's being done, whether that's a common share or a warrant exercise or a convertible debt or any type of financing that happens within the organization. You would build that transaction within our system, and then the system will then track where those shares move. We've built AI to understand if those specific institutions or investors are selling their shares over time. Then we've created predictive analytics based on previous habits about what the most likely this investor is likely to do. Historically, we've seen that this investor sells after they invest in a transaction. We've seen that they sell over the first six months or the first 12 months or the first month or this amount of volume per quarter. We're applying that to the entire deal. It allows us then to keep track of where exactly everything's moving. Now, in addition to just tracking where they're moving, it also helps issuers when they give certain rights to specific investors. Let's say you enter into a transaction, but you have a reset clause in either a warrant or a reset clause in your convertible debt or in a common stock issuance. Keeping track of all of those different instances and contractual obligations that an issuer has is very difficult to do. We've built the system so that it can then track all of these different resets and ratchets that happen within these deals, if they do exist, so that they automatically get brought to the attention of management while they're entering into a new transaction, and gives them the financial ramifications of having reset the price of any of these instruments, any of these securities that are out there. We've been working on the Deal Center for a really long time, and it is probably one of the coolest things that we've ever built. It is gonna be, I believe, instrumental in helping public companies understand their cap tables and where shares are moving. The team did a fantastic job on working on this, and we look forward to launching it to our clients. The next thing we did in the fourth quarter was we relaunched the virtual events one-on-one platform in our system. Historically, we built the virtual events platform, but the one-on-one feature was very limited. Now we've expanded on that one-on-one feature. We've given it the ability to do all kinds of statistical analysis about who's visiting what companies, how long they're watching presentations, how long they're staying in the presentation. Is there any type of crossover between the different companies that they're watching? A lot of tools that are very valuable in understanding things about the investors that are watching these events and also other. We've built additional functionality that is very helpful for the organizers of these one-on-one events. You know, these things are never finished, and they're constantly evolving. This update was a major milestone for our virtual one-on-one system. We're excited to launch this as well. Now, you know, we'd like to open it up for questions. I know that, you know, some of you wanted us to talk today about our Sequire-only operating income numbers. Just with where the auditors are with everything getting pushed back because of all this BIGtoken stuff, we just wanna get the go ahead and the approval from the auditors on the numbers before we share them with you guys. I think we'll have those in short order. I don't think it'll be, you know, much longer, but I think that, instead of trying to show something today that might have some even minor modifications on them, we don't wanna do that. We wanna just, you know, also out of respect for what the auditors are doing, make sure that they've given their approval for it and that they've given the go ahead to share that with you. We had hoped to have that to you by today, but unfortunately, we don't. I know some of the questions that you are gonna wanna ask are gonna be around that specifically. But you know, knowing that, we don't have those to share with you today. You know, when we scheduled this call, we had hoped that we would have those numbers ready. Unfortunately, they're not. If you have any questions that, you know, we can answer related to the things that we've already shared, then we'll be happy to answer those questions. Great. Thank you, Chris. We do have a couple of questions, so we'll go ahead and start with Mike Crawford from B. Riley. Mike, if you wanna go ahead. Perfect. We can see you. Thanks, Morgan. Thanks, Chris. Hi, Mike. The $15.6 million Sequire bookings are fantastic. In Q1, that's the second highest ever. The trailing 12-month Sequire bookings are over $50 million. What would prevent SRAX from generating over $50 million of revenue in 2022? We would have to see a significant decline in bookings between now and the end of the year in order for that to happen, because we already have a good chunk of that already, you know, in place. Obviously, like I said earlier, everything that gets booked in Q1 has the full year to run versus, you know, everything. If Q1 and Q2 are as strong as we think they're gonna be, then that should not be an issue. Okay. I guess I heard what you said about not being able to provide just Sequire-level, more Sequire-level information, so I won't ask about that per se. You did say you added 24 new subscribing companies during the quarter. Do you have a sense of repeat customers or churn? Yeah, since we took those slides out of the presentation, 'cause they're part of the financial discussion, we're still at around an 87% renewal rate on everything. That stays kinda consistent. We're, you know, right there. We're seeing continued renewal from a lot of the clients, as well as these new people joining into the platform. While the number of subscribing companies is important, even more important is what kind of digital marketing services they're buying from SRAX. Is that a similar renewal rate in companies that have run those campaigns? Yeah. I don't have that exact number, but we'll be sure to have that for you in the next presentation when we, you know, when we do the final numbers. We'll make sure we have that for you. Okay. I'll just test one more, that are you allowed to say what your cash and securities balance is today or at the end of the quarter? I just think that, let's just wait for that. You know, with all this stuff with BIGtoken, like, the process of getting this BIGtoken stuff unwound from SRAX literally pushed the audit by almost four weeks. Like, they were it was in-depth. We were waiting. You know, we don't control BIGtoken any longer, and we needed information from BIGtoken. We're, you know, pushing hard to not need to wait for information from BIGtoken. So it's just been a big overhang on getting all that done. Not that we don't know what that number is, it's just that we'd rather share it when we have everything finished, if you don't mind. Okay. I'm almost done. First, I want, I wanna thank you guys for hosting our derivative securities virtual esports investor day today, and the one-on-one platform worked great. Thank you. Just final question from me is regarding BIGtoken. You have converted your securities into preferred with where you can hold a maximum of 4.9% of the common at any given time. What steps need to occur for you to be able to sell some of the common that you hold in BIGtoken? That's my final question. Thank you. They need to file an 8-K about their merger, and they need to file their 10-K. Once their 8-K and their 10-K are filed, then we would be able to participate just like everybody else in the market. As you can imagine, you know, the valuation of that piece of the business is something that's been, you know, an issue, right? If you just take it at its face value, it's worth $194 million for SRAX. You know, in order to realize that, the price would have to stay here, and it would take us 70 years at the existing volume to realize that value. As you can imagine, this type of putting that type of asset on the books is, you know, could continue to create dramatic swings in the operating results for Sequire. You know, if the stock was up $194 million and then down another $50 million and then up $20 million, I mean, it would create unrealistic numbers inside the Sequire and SRAX P&L. That's, that is what we're, you know, contending with, is to, you know, provide realistic expectations about the true value of that asset, so that it doesn't mask the real value that Sequire is generating for its investors. All right. Thank you very much. Thanks, Mike. Thank you, Mike. Up next we have Jon Hickman from Ladenburg, if you wanna unmute. Okay. Thanks for taking my call or my questions. What happened? Could you talk about the Q3 bookings from last year? Seems like they were down, kind of, bucking the trend there for the rest of the year. Was there something special about that quarter? No, it was just, I think that quarter we just had a, you know, a little bit of a pause in the summertime 'cause it's a little harder to get CEOs and head people on the phone in July and August. I think we saw maybe a little bit of seasonality there on closing up those transactions. I think you saw that come back, you know, into October, November, December, into the, you know, into the fourth quarter last year. I think that's why you saw a big jump also in the number in the fourth quarter where we had our largest quarter ever in bookings. Going back to your slide about warrants- Mm-hmm. What's the exercise price for the warrants that expire in April? Most of them are at $3. The bulk of them are at $3. The ones in the fall? The ones in the fall, I can get that to you. I think it's around $375. I believe that if you looked at the average of those, it's around $375. Mike, do you know the answer to that? Yeah, I'm just pulling it up right now, but I think to your point, Chris, it's about $375 on average. Theoretically, well, technically, they're in the money right now, and if the stock price stays the same, people would exercise rather than let those go. Okay. Let's see. I think the rest of my questions were answered, except for the ones that you can't answer today. I appreciate that. I'll just pass it on to the next questioner. Okay? Thank you very much, Jon. Thanks, Jon. Up next, we have Jim McIlree from Dawson James. Yeah, thanks a lot. Chris, can you talk a little bit about the bookings, the increase in the past couple of quarters? You suggested that part of it is seasonal, but is there something else going on? Is there a function of how the market is moving or sales force increase or something else? What's the driver? Yeah. When we had a hit in the market over the first quarter here, we saw an increase in the number of companies that were interested in our services. There's definitely, you know, we didn't know what that would look like because we'd only been in the market during an uptrend and not a downtrend. I think that we're finding that both stocks moving up and also moving down are, you know, driving sales for the company. When you have stuff coming down, everybody wants to know who's selling their stock, who's holding the major positions. We've, you know, gotten a lot of new business because of that. We've also increased our analyst team. We hired a head of capital markets that is, you know, working with all of our customers to help them understand what's going on within their individual stocks and helping them leverage the platform to its fullest extent so that they get the most out of it. Is the increase in bookings due to, you know, this, the market moving one way or another? I think it has an impact. I think that, but also we've hired a lot of new salespeople that are now hitting their stride. They were new in the middle of last year and are now all contributing into the process. You know, they're no longer in the training process. They've been here at least six months plus and have a detailed understanding of everything and are doing a fantastic job in talking to all types of companies. I think that that's why we're seeing this continued increase in sales. Can you share with us how many salespeople you had at the middle of last year versus what you have now? Yeah. At the middle of last year, I think we had, like, five. We've added an additional five. We're close up to around 10 salespeople. That is including all of us, you know, that sell. Those additional salespeople are bringing in deals now, and they're starting to contribute to the process. Is that sales force going to be added to either significantly or modestly over the next 12 months? I think everybody that we have either hired or are in discussions to hire right now is, that's it. We're gonna stay put with that for probably a 12-month period, unless there's somebody amazing that comes to our attention. I think at this point, you know, we're set on what we're gonna do. Great. My last one is, can you talk a little bit about listed versus non-listed business? I'm not sure if you can talk about revenue, but if you can, that'd be great. If you can't, then how about bookings, listed versus non-listed bookings? Well, our goal is to increase the number of listed companies significantly this year. That's one of our key mandates for the year. The team is spending a lot of time calling on, you know, listed companies. But by no means are we shy or averse to working with the smaller companies that were out there. We've been a smaller company ourselves, and we understand what it's like to be there. We've, you know, built this platform because of the things that we needed as a small public company. I don't have the exact numbers for you here, but when we do our presentation, we'll have the exact numbers for you. Okay. Unless Mike has that at his fingertips. Mike, do you happen to have that by any chance? You know, I don't have the actual number, but I do know, Chris, as you were saying that, you know, there's certainly been an uptick in the percentage of our overall bookings coming from listed companies in the first quarter. You know, I think it's around closer to 30%-35% of the total. But I don't. We'll get you the exact numbers. That's great. Thanks a lot, guys. That's it for me. All right. Thanks. Appreciate it. Awesome, everybody. Well, let me just say, you know, I hope when we, you know, we get this BIGtoken thing squared away, that the, you know, getting rid of that noise in the P&L is gonna be so much better for us. You know, so that this will be the last quarter that we really have to, you know, contend with that issue, hopefully. We're, you know, working hard towards that. Going into the full year of 2022, we, you know, we can just really focus on the benefit that Sequire's bringing to all the shareholders. Awesome. That concludes our call and questions for today. Thank you, everybody, for joining this SRAX call.