Annual report pursuant to Section 13 and 15(d)

Goodwill and Business Acquisition (Tables)

v3.22.4
Goodwill and Business Acquisition (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Business Acquisition [Abstract]  
Schedule of consideration
Fair value of total consideration transferred   $ 69,311,577  
Fair value of assets acquired:        
Cash   $ 920,011  
Other current assets     148,043  
Property and equipment     61,430  
Intangible assets     26,180,000  
Right of use asset     463,252  
Other long-term assets     87,217  
Total assets acquired     27,859,953  
Fair value of liabilities assumed:        
Accounts payable     129,541  
Deferred revenue     32,992  
Accrued payroll and rent     42,617  
Lease liabilities     447,827  
Deferred tax liability     2,921,982  
Total liabilities assumed     3,574,959  
Total net assets acquired     24,284,994  
Goodwill     45,026,583  
Total   $ 69,311,577  

 
Schedule of operating results
    (Unaudited)
Year Ended
December 31,		  
      2021  
Revenue, net   $ 2,967,591  
Net loss   $ (23,974,346 )
Basic Earnings Per Share   $ (0.56 )
Diluted Earnings Per Share   $ (0.56 )

 
Schedule of carrying amount of goodwill
    American Robotics  
Balance as of January 1, 2021   $
-
  
Goodwill acquired during the year     45,026,583  
Balance as of December 31, 2021     45,026,583  
Impairment loss     (19,419,600 )
Balance as of December 31, 2022   $ 25,606,983