| Schedule of preliminary fair values of assets acquired and liabilities |
| |
|
Preliminary
Fair Value |
|
| Cash |
|
$ |
527 |
|
| Accounts receivable |
|
|
486 |
|
| Prepaid expenses and other current asset |
|
|
261 |
|
| Fixed Assets |
|
|
93 |
|
| Non-compete agreement |
|
|
80 |
|
| Acquired technology |
|
|
1,040 |
|
| Customer relationships |
|
|
13,810 |
|
| Acquired trade name |
|
|
270 |
|
| Goodwill |
|
|
12,543 |
|
| Accounts payable and accrued expenses |
|
|
(826 |
) |
| Deferred tax liabilities |
|
|
(2,642 |
) |
| Deferred revenue |
|
|
(3,300 |
) |
| Net assets acquired |
|
$ |
22,342 |
|
|
| |
|
December
31, |
|
|
December
31, |
|
| |
|
2021 |
|
|
2020 |
|
| Noncurrent deferred tax assets: |
|
|
|
|
|
|
| Employee
compensation |
|
$ |
820,410 |
|
|
$ |
679,106 |
|
| Debt
issuance costs |
|
|
138,778 |
|
|
|
343,612 |
|
| Revenue
recognition |
|
|
105,735 |
|
|
|
— |
|
| Settlement
accrual |
|
|
146,604 |
|
|
|
182,896 |
|
| Fixed
assets |
|
|
242,006 |
|
|
|
831,196 |
|
| Federal
and state net operating loss |
|
|
10,673,908 |
|
|
|
6,337,897 |
|
| Foreign
net operating loss |
|
|
4,904,857 |
|
|
|
2,586,671 |
|
| Other |
|
|
225,340 |
|
|
|
27,410 |
|
| Total
deferred tax assets |
|
$ |
17,257,638 |
|
|
$ |
10,988,788 |
|
| |
|
|
|
|
|
|
|
|
| Noncurrent deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Fixed
assets |
|
|
— |
|
|
|
— |
|
| Intangibles |
|
|
(6,051,459 |
) |
|
|
(2,717,717 |
) |
| Deferred tax liabilities |
|
$ |
(6,051,459 |
) |
|
$ |
(2,717,717 |
) |
| Valuation
allowance |
|
|
(11,881,470 |
) |
|
|
(8,271,071 |
) |
| Deferred
taxes after valuation allowance |
|
$ |
(675,291 |
) |
|
$ |
— |
|
|