| Schedule of changes in the carrying amount of goodwill |
| Balance as of June 30, 2020 |
|
$ |
20,254,309 |
|
| Adjustments to Trellis' goodwill |
|
|
(14,300 |
) |
| Additions due to acquisition
of Ample |
|
|
25,806,518 |
|
| Goodwill
impairment |
|
|
(4,172,000 |
) |
| Balance as of December
31, 2020 |
|
$ |
41,874,527 |
|
| Additions due to acquisition
of Viridian |
|
|
5,408,884 |
|
| Additions due to acquisition
of 365 Cannabis |
|
|
14,042,580 |
|
| Goodwill
impairment |
|
|
(14,383,310 |
) |
| Balance as of December
31, 2021 |
|
$ |
46,942,681 |
|
|
| Schedule of intangible assets |
| |
|
Weighted average remaining amortization period
(in years) |
|
Gross carrying amount |
|
|
Accumulated
amortization |
|
|
Impairment |
|
|
Net carrying
amount |
|
| Acquired developed technology |
|
3.35 |
|
$ |
7,138,080 |
|
|
$ |
(2,815,158 |
) |
|
$ |
— |
|
|
$ |
4,322,922 |
|
| Acquired trade names |
|
3.09 |
|
|
871,920 |
|
|
|
(286,799 |
) |
|
|
— |
|
|
|
585,121 |
|
| Customer relationships |
|
10.18 |
|
|
17,510,000 |
|
|
|
(878,250 |
) |
|
|
— |
|
|
|
16,631,750 |
|
| Non-compete agreement |
|
1.75 |
|
|
80,000 |
|
|
|
(10,000 |
) |
|
|
— |
|
|
|
70,000 |
|
| Total Intangible assets |
|
|
|
$ |
25,600,000 |
|
|
$ |
(3,990,207 |
) |
|
$ |
— |
|
|
$ |
21,609,793 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capitalized software - In-service |
|
2.02 |
|
|
8,807,843 |
|
|
|
(4,423,887 |
) |
|
|
— |
|
|
|
4,383,956 |
|
| Capitalized software - Work in Progress |
|
N/A |
|
|
3,224,203 |
|
|
|
— |
|
|
|
(296,483 |
) |
|
|
2,927,720 |
|
| Total Capitalized Software |
|
|
|
|
12,032,046 |
|
|
|
(4,423,887 |
) |
|
|
(296,483 |
) |
|
|
7,311,676 |
|
| Total finite-lived intangible assets |
|
|
|
$ |
37,632,046 |
|
|
$ |
(8,414,094 |
) |
|
$ |
(296,483 |
) |
|
$ |
28,921,469 |
|
| |
|
Weighted average
remaining amortization
period
(in years) |
|
Gross carrying amount |
|
|
Accumulated
amortization |
|
|
Impairment |
|
|
Net carrying
amount |
|
| Acquired developed technology |
|
3.77 |
|
$ |
8,220,000 |
|
|
$ |
(1,434,155 |
) |
|
$ |
(2,591,920 |
) |
|
$ |
4,193,925 |
|
| Acquired trade names |
|
5.12 |
|
|
705,000 |
|
|
|
(97,676 |
) |
|
|
(123,080 |
) |
|
|
484,244 |
|
| Customer relationships |
|
13.04 |
|
|
2,880,000 |
|
|
|
(169,374 |
) |
|
|
— |
|
|
|
2,710,626 |
|
| Total Intangible assets |
|
|
|
$ |
11,805,000 |
|
|
$ |
(1,701,205 |
) |
|
$ |
(2,715,000 |
) |
|
$ |
7,388,795 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capitalized software - In-service |
|
1.62 |
|
|
4,593,512 |
|
|
|
(1,401,953 |
) |
|
|
— |
|
|
|
3,191,559 |
|
| Capitalized software - Work in Progress |
|
N/A |
|
|
734,180 |
|
|
|
— |
|
|
|
— |
|
|
|
734,180 |
|
| Total Capitalized Software |
|
|
|
|
5,327,692 |
|
|
|
(1,401,953 |
) |
|
|
— |
|
|
|
3,925,739 |
|
| Total finite-lived intangible assets |
|
|
|
$ |
17,132,692 |
|
|
$ |
(3,103,158 |
) |
|
$ |
(2,715,000 |
) |
|
$ |
11,314,534 |
|
|
| Schedule of capitalized software and purchased intangible assets |
| |
|
Acquired
Intangible Assets |
|
|
Capitalized
Software- In-service |
|
| 2022 |
|
$ |
3,445,741 |
|
|
$ |
2,722,663 |
|
| 2023 |
|
|
3,131,575 |
|
|
|
1,144,351 |
|
| 2024 |
|
|
2,801,991 |
|
|
|
275,884 |
|
| 2025 |
|
|
1,973,934 |
|
|
|
110,215 |
|
| 2026 |
|
|
1,851,434 |
|
|
|
59,112 |
|
| Thereafter |
|
|
8,405,118 |
|
|
|
71,731 |
|
| Total |
|
$ |
21,609,793 |
|
|
$ |
4,383,956 |
|
|