Business Combinations (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Business Acquisition [Line Items] |
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| Schedule of Proforma Information |
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Three Months Ended September 30 |
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Nine Months Ended September 30 |
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2023 |
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|
2022 |
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|
2023 |
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|
2022 |
Net revenue |
$ |
18,288,697 |
|
$ |
20,289,487 |
|
$ |
60,190,413 |
|
$ |
50,209,437 |
Net loss |
|
(2,329,053) |
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|
(217,898) |
|
|
(5,260,515) |
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(1,363,018) |
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| CSI Merger [Member] |
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| Business Acquisition [Line Items] |
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| Schedule of Assets Acquired and Liabilities Assumed |
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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 |
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|
|
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Accounts payable |
|
|
2,192,346 |
Accrued expenses |
|
|
1,013,004 |
Deferred revenue |
|
|
874,756 |
Total liabilities |
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|
4,080,106 |
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Net assets acquired |
|
$ |
19,872,009 |
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| Schedule of Business Acquisitions, Results of Operations Included in Condensed Consolidated Financial Statements |
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Three Months Ended September 30 |
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Nine Months Ended September 30 |
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|
2023 |
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|
2022 |
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|
2023 |
|
|
2022 |
Revenue from discontinued operations |
$ |
— |
|
$ |
1,820,900 |
|
$ |
3,414,810 |
|
$ |
3,580,015 |
Net (loss) income from discontinued operations |
|
(33,983) |
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|
22,792 |
|
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(1,206,235) |
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(222,426) |
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| HEC Asset Acquisition [Member] |
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| Business Acquisition [Line Items] |
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| Schedule of Assets Acquired and Liabilities Assumed |
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|
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|
|
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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 |
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|
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Total liabilities |
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(1,471,348) |
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|
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Net assets acquired |
|
$ |
25,116,346 |
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| Schedule of Business Acquisitions, Results of Operations Included in Condensed Consolidated Financial Statements |
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Three Months Ended September 30 |
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Nine Months Ended September 30 |
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|
2023 |
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|
2022 |
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|
2023 |
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|
2022 |
Revenue |
$ |
6,247,011 |
|
$ |
5,873,706 |
|
$ |
17,902,225 |
|
$ |
10,289,655 |
Net income (loss) |
|
121,318 |
|
|
(302,857) |
|
|
390,732 |
|
|
(816,180) |
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| SUNation Acquisition [Member] |
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| Business Acquisition [Line Items] |
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| Schedule of Assets Acquired and Liabilities Assumed |
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|
|
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|
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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 |
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|
|
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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 |
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Net assets acquired |
|
$ |
18,440,533 |
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