v3.24.3
Acquisition and Disposition (Tables)
 9 Months Ended
Sep. 30, 2024
Business Acquisition [Line Items]  
Schedule of Business Acquisition, Pro Forma Information These unaudited pro forma results of operations are based on the historical financial statements of each of the companies.
For the nine months ended September 30, 2023
Revenues$36,521,201 
Net loss$(15,523,013)
Net loss per share - basic$(0.32)
GTMR  
Business Acquisition [Line Items]  
Schedule of Assets and Liabilities Acquired
The following represents the assets and liabilities acquired in this acquisition:
March 31, 2023AdjustmentsMarch 22, 2024
Cash$475,000 $— $475,000 
Accounts receivable and other receivables1,380,203 (9,384)1,370,819 
Income tax receivable155,449 (127,992)27,457 
Prepaid expenses116,892 (30,856)86,036 
Other asset17,182 — 17,182 
Furniture and equipment163,301 103,760 267,061 
Right of use asset – operating lease— 641,392 641,392 
Customer relationships2,426,000 — 2,426,000 
Right of use asset - finance lease— 17,456 17,456 
Tradename517,000 — 517,000 
Backlog1,774,000 — 1,774,000 
Goodwill1,822,466 279,571 2,102,037 
Deferred tax liability(1,244,368)(242,093)(1,486,461)
Lease liability – operating lease(17,608)(603,799)(621,407)
Lease liability – finance lease— (12,549)(12,549)
Accounts payable and accrued expenses(1,030,957)141,341 (889,616)
Net assets acquired$6,554,560 $156,847 $6,711,407 
The consideration paid for GTMR was as follows:
Cash$470,233 
Due to Seller350,000 
Other consideration17,791 
Cash from factoring411,975 
Common stock5,304,561 
Accounts receivable note156,847 
Total consideration paid$6,711,407