Schedule of Discontinued Operations Assets and Liabilities Classified as Held-for-Sale |
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December 31, 2022 |
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December 31, 2021 |
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Trade accounts receivable, net |
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$ |
752,420 |
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$ |
— |
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Inventories, net |
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145,808 |
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— |
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Other current assets |
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255,871 |
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— |
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Total current assets |
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$ |
1,154,099 |
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$ |
— |
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Property, plant, and equipment, net |
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$ |
69,270 |
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$ |
— |
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Right of use asset |
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46,025 |
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— |
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Intangible assets |
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2,110,550 |
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— |
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Goodwill |
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45,688 |
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— |
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Total noncurrent assets |
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$ |
2,271,533 |
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$ |
— |
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Total assets held for sale |
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$ |
3,425,632 |
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$ |
— |
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Accounts payable |
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$ |
381,992 |
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$ |
— |
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Accrued compensation and benefits |
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184,585 |
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— |
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Operating lease liability |
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50,170 |
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— |
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Other accrued liabilities |
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10,727 |
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— |
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Deferred revenue |
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533,685 |
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— |
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Total current liabilities |
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$ |
1,161,159 |
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$ |
— |
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Deferred revenue |
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$ |
250,875 |
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$ |
— |
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Total noncurrent liabilities |
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$ |
250,875 |
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$ |
— |
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Total liabilities held for sale |
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$ |
1,412,034 |
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$ |
— |
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Schedule of Financial Results of Discontinued Operations |
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Year Ended December 31 |
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2022 |
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2021 |
Sales |
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$ |
5,291,492 |
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$ |
— |
Cost of sales |
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3,798,807 |
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— |
Selling, general and administrative expenses |
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1,295,120 |
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— |
Amortization expense |
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496,450 |
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— |
Transaction costs |
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53,361 |
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— |
Goodwill impairment loss |
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6,718,612 |
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— |
Operating loss before income taxes |
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(7,070,858) |
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— |
Income tax expense |
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3,326 |
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— |
Net loss from discontinued operations |
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$ |
(7,074,184) |
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$ |
— |
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