| Schedule of Discontinued Operations Assets and Liabilities Classified as Held-for-Sale |
|
|
|
|
September 30, 2023 |
|
|
December 31, 2022 |
Trade accounts receivable |
|
$ |
— |
|
$ |
752,420 |
Inventories |
|
|
— |
|
|
145,808 |
Other current assets |
|
|
— |
|
|
255,871 |
Total current assets |
|
$ |
— |
|
$ |
1,154,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant, and equipment |
|
$ |
— |
|
$ |
69,270 |
Right of use asset |
|
|
— |
|
|
46,025 |
Intangible assets |
|
|
— |
|
|
2,110,550 |
Goodwill |
|
|
— |
|
|
45,688 |
Total noncurrent assets |
|
$ |
— |
|
$ |
2,271,533 |
|
|
|
|
|
|
|
Total assets held for sale |
|
$ |
— |
|
$ |
3,425,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
— |
|
$ |
381,992 |
Accrued compensation and benefits |
|
|
— |
|
|
184,585 |
Operating lease liability |
|
|
— |
|
|
50,170 |
Other accrued liabilities |
|
|
— |
|
|
10,727 |
Deferred revenue |
|
|
— |
|
|
533,685 |
Total current liabilities |
|
$ |
— |
|
$ |
1,161,159 |
|
|
|
|
|
|
|
Deferred revenue |
|
$ |
— |
|
$ |
250,875 |
Total noncurrent liabilities |
|
$ |
— |
|
$ |
250,875 |
|
|
|
|
|
|
|
Total liabilities held for sale |
|
$ |
— |
|
$ |
1,412,034 |
|
| Schedule of Financial Results of Discontinued Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30 |
|
Nine Months Ended September 30 |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Sales |
|
$ |
— |
|
$ |
1,820,900 |
|
$ |
3,414,810 |
|
$ |
3,580,015 |
Cost of sales |
|
|
— |
|
|
1,211,331 |
|
|
2,444,014 |
|
|
2,567,203 |
Selling, general and administrative expenses |
|
|
37,697 |
|
|
420,971 |
|
|
916,911 |
|
|
861,526 |
Amortization expense |
|
|
— |
|
|
162,788 |
|
|
— |
|
|
325,575 |
Transaction costs |
|
|
— |
|
|
3,018 |
|
|
14,426 |
|
|
48,137 |
Restructuring expenses |
|
|
— |
|
|
— |
|
|
56,717 |
|
|
— |
Loss on sale of assets |
|
|
— |
|
|
— |
|
|
1,190,002 |
|
|
— |
Operating loss before income taxes |
|
|
(37,697) |
|
|
22,792 |
|
|
(1,207,260) |
|
|
(222,426) |
Income tax expense |
|
|
(3,714) |
|
|
— |
|
|
(1,025) |
|
|
— |
Loss from discontinued operations |
|
$ |
(33,983) |
|
$ |
22,792 |
|
$ |
(1,206,235) |
|
$ |
(222,426) |
|