v3.26.1
Business Combination (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Schedule of supplemental Unaudited Pro Forma Information

The following unaudited supplemental pro forma information presents the consolidated results of operations of the Company combined with historical results of the Business acquired subsequent to the start of the three and six month period ended June 30, 2025, on a pro forma basis, as if the acquisition had occurred at the beginning of the most recently completed fiscal year preceding the acquisition:

 

 

 

Pro Forma (Unaudited)

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue, net

 

$

7,899,249

 

 

$

13,306,366

 

 

$

15,521,105

 

 

$

41,077,983

 

Net (loss) income

 

$

(8,971,360

)

 

$

146,752

 

 

$

(17,011,432

)

 

$

2,978,997

 
Schedule of Consideration Transferred

Total consideration transferred was measured at acquisition-date fair value as follows:

 

Total cash consideration

 

$

15,018,371

 

Contingent consideration

 

 

8,588,000

 

Total consideration transferred

 

$

23,606,371

 
Schedule of acquired assets, liabilities assumed, and goodwill

The following table summarizes cash consideration paid for the identifiable assets acquired, liabilities assumed, and goodwill as of the acquisition date:

 

Prepaid expenses

 

$

18,371

 

Licensed technology

 

 

11,700,000

 

Trade names and trademarks

 

 

1,800,000

 

Customer-related contracts and relationships

 

 

8,800,000

 

Goodwill

 

 

1,288,000

 

Contingent consideration payable

 

 

(8,588,000

)

Total net assets acquired

 

$

15,018,371