Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Business Acquisition (Details) - Schedule of Consideration

v3.23.2
Goodwill and Business Acquisition (Details) - Schedule of Consideration - Business Combination [Member]
Jun. 30, 2023
USD ($)
Purchase price consideration  
Common Stock – 2,844,291 Shares $ 5,261,938
Vested Stock Options – 605,349 Shares 700,690
Warrants – 586,440 Warrants to purchase shares
Total purchase price consideration 5,962,628
Estimated fair value of assets acquired:  
Cash and cash equivalents and restricted cash 1,049,454
Accounts receivable 112,245
Inventory 1,494,707
Other current assets 835,664
Property and equipment 3,015,602
Right of use asset 339,104
Intangible assets 6,057,926
Other long-term assets 62,851
Estimated fair value of assets total 12,967,553
Estimated fair value of liabilities assumed:  
Accounts payable 969,242
Customer Prepayments 1,602,535
Government grant liability 1,783,403
Other loans 1,140,301
Other payables 1,156,057
Lease liabilities 385,450
Loan from related party 2,032,875
Estimated fair value of liabilities total 9,069,863
Net Assets Acquired 3,897,690
Goodwill $ 2,064,938