| Schedule of Discontinued Operations Assets and Liabilities Classified as Held-for-Sale |
|
|
|
|
June 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 June 30 |
|
Six Months Ended June 30 |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Sales |
|
$ |
1,662,629 |
|
$ |
1,672,183 |
|
$ |
3,414,810 |
|
$ |
1,759,115 |
Cost of sales |
|
|
1,199,646 |
|
|
1,298,364 |
|
|
2,444,014 |
|
|
1,355,872 |
Selling, general and administrative expenses |
|
|
430,509 |
|
|
417,032 |
|
|
879,214 |
|
|
440,554 |
Amortization expense |
|
|
— |
|
|
162,787 |
|
|
— |
|
|
162,787 |
Transaction costs |
|
|
— |
|
|
45,119 |
|
|
14,426 |
|
|
45,119 |
Restructuring expenses |
|
|
56,717 |
|
|
— |
|
|
56,717 |
|
|
— |
Loss on sale of assets |
|
|
1,190,002 |
|
|
— |
|
|
1,190,002 |
|
|
— |
Operating loss before income taxes |
|
|
(1,214,245) |
|
|
(251,119) |
|
|
(1,169,563) |
|
|
(245,217) |
Income tax expense |
|
|
2,689 |
|
|
— |
|
|
2,689 |
|
|
— |
Loss from discontinued operations |
|
$ |
(1,216,934) |
|
$ |
(251,119) |
|
$ |
(1,172,252) |
|
$ |
(245,217) |
|