Business Combinations (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| CSI Merger [Member] |
|
| Business Acquisition [Line Items] |
|
| Schedule of Assets Acquired and Liabilities Assumed |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,919,593 |
Investments |
|
|
3,155,443 |
Accounts receivable |
|
|
1,735,570 |
Inventory |
|
|
138,767 |
Other assets |
|
|
946,813 |
Property, plant, and equipment |
|
|
117,774 |
Current assets held for sale |
|
|
6,566,855 |
Intangible assets |
|
|
2,607,000 |
Goodwill |
|
|
6,764,300 |
Total assets |
|
|
23,952,115 |
|
|
|
|
Accounts payable |
|
|
2,192,346 |
Accrued expenses |
|
|
1,013,004 |
Deferred revenue |
|
|
874,756 |
Total liabilities |
|
|
4,080,106 |
|
|
|
|
Net assets acquired |
|
$ |
19,872,009 |
|
| Schedule of Business Acquisitions, Results of Operations Included in Condensed Consolidated Financial Statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30 |
|
Six Months Ended June 30 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
Revenue from discontinued operations |
$ |
1,662,629 |
|
$ |
1,672,183 |
|
$ |
3,414,810 |
|
$ |
1,759,115 |
Net loss from discontinued operations |
|
(1,216,934) |
|
|
(251,119) |
|
|
(1,172,252) |
|
|
(245,217) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| HEC Asset Acquisition [Member] |
|
| Business Acquisition [Line Items] |
|
| Schedule of Assets Acquired and Liabilities Assumed |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
215,684 |
Accounts receivable |
|
|
880,169 |
Inventory |
|
|
1,572,062 |
Other assets |
|
|
108,432 |
Property, plant, and equipment |
|
|
182,135 |
Intangible assets |
|
|
13,800,000 |
Goodwill |
|
|
9,829,212 |
Total assets |
|
|
26,587,694 |
|
|
|
|
Total liabilities |
|
|
(1,471,348) |
|
|
|
|
Net assets acquired |
|
$ |
25,116,346 |
|
| Schedule of Business Acquisitions, Results of Operations Included in Condensed Consolidated Financial Statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30 |
|
Six Months Ended June 30 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
Revenue |
$ |
6,488,254 |
|
$ |
4,194,512 |
|
$ |
11,655,214 |
|
$ |
4,415,949 |
Net income (loss) |
|
346,174 |
|
|
(531,906) |
|
|
269,414 |
|
|
(513,323) |
|
| Schedule of Proforma Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30 |
|
Six Months Ended June 30 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
Net revenue |
$ |
19,836,291 |
|
$ |
16,125,345 |
|
$ |
41,901,716 |
|
$ |
29,919,950 |
Net (loss) income |
|
(333,810) |
|
|
1,539,575 |
|
|
(2,931,461) |
|
|
(1,145,120) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| SUNation Acquisition [Member] |
|
| Business Acquisition [Line Items] |
|
| Schedule of Assets Acquired and Liabilities Assumed |
|
|
|
|
|
|
|
|
Cash |
|
$ |
1,598,707 |
Accounts receivable |
|
|
2,824,029 |
Inventory |
|
|
4,875,089 |
Employee retention credit receivable |
|
|
1,584,541 |
Right of use asset |
|
|
2,602,024 |
Other assets |
|
|
2,880,014 |
Fixed assets |
|
|
960,514 |
Intangible assets |
|
|
7,100,000 |
Goodwill |
|
|
10,716,638 |
Total assets |
|
|
35,141,556 |
|
|
|
|
Accounts Payable |
|
|
3,316,867 |
Other current liabilities |
|
|
1,349,501 |
Related party payables |
|
|
2,191,761 |
Operating lease liability |
|
|
2,602,024 |
Loans payable |
|
|
2,348,685 |
Customer deposits |
|
|
1,606,054 |
Deferred revenue |
|
|
3,286,131 |
Total liabilities |
|
|
16,701,023 |
|
|
|
|
Net assets acquired |
|
$ |
18,440,533 |
|