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
|
|
|