Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Business Acquisition (Details)

v3.22.2.2
Goodwill and Business Acquisition (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
May 17, 2021
Goodwill and Business Acquisition (Details) [Line Items]      
Restricted stock units $ 897,965 $ 2,656,782  
Unrecognized compensation expense   $ 6,588,333  
Aggregate shares (in Shares)     2,583,826
Coverted per share (in Dollars per share)   $ 0.16806  
Incentive Stock Plan [Member]      
Goodwill and Business Acquisition (Details) [Line Items]      
Restricted stock units (in Shares)   1,375,000  
Business Combination [Member]      
Goodwill and Business Acquisition (Details) [Line Items]      
Business acquisitions, description   Pursuant to the AR Agreement, American Robotics stockholders and certain service providers received (i) cash consideration in an amount equal to $7,500,000, less certain indebtedness, transaction expenses and other expense amounts as described in the AR Agreement; (ii) 6,750,000 shares of the Company’s common stock (inclusive of 26 fractional shares paid in cash as set forth in the AR Agreement); (iii) warrants exercisable for 1,875,000 shares of the Company’s common stock (the “Warrants”) (inclusive of 24 fractional shares paid in cash and the equivalent of Warrants for 309,320 shares representing the value of options exercisable for 211,038 shares issued under the Company’s incentive stock plan and reducing the aggregate amount of Warrants as set forth in the AR Agreement); and (iv) the cash release from the PPP Loan Escrow Amount (as defined in the AR Agreement). Each of the Warrants entitle the holder to purchase a number of shares of the Company’s common stock at an exercise price of $7.89. Each of the Warrants shall be exercisable in three equal annual instalments commencing on the one-year anniversary of the Closing Date and shall have a term of ten years. 59,544 of the stock options were issued fully vested to employees who did not exercise their American Robotics options prior to the Closing Date and had no ongoing service requirements and therefore they were included in the purchase consideration. The remaining 151,494 stock options issued vest over four years and are contingent on ongoing employment by the employee and are recorded as compensation expense over the service period.