Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.22.1
Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
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