Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combinations

Schedule of fair value of consideration paid

Cash consideration	$	4,750,000
Net working capital escrow adjustment
to consideration paid		(61,172	)
Fair value of vested warrants issued at closing date		170,000
Fair value of contingent consideration payable (cash)		1,597,000
Fair value of contingent consideration payable (warrants)		698,000
Fair value of consideration paid	$	7,153,828

Schedule of allocation of aggregate purchase consideration fair value assets and liabilities

Fair value of identifiable assets acquired
and liabilities assumed:
Trade receivables	$	871,028
Unbilled receivables		145,707
Other current assets		63,262
Customer relationships		2,392,000
Tradename		1,040,000
Accounts payable and accrued expenses		(875,290	)
Deferred revenue		(15,878	)
Total identifiable net assets acquired		3,620,829
Goodwill		3,532,999
Total purchase price	$	7,153,828

Schedule of unaudited pro forma

	YEARS ENDED
	DECEMBER 31,
	2021		2020
	(a)		(a)
Revenues	$	94,839,000	$	193,283,000
Net Income		848,000		11,755,000