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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of reconciliation of cash and cash equivalents and restricted cash
   March 31, 2023   December 31, 2022   March 31, 2022   December 31, 2021 
Cash and cash equivalents  $7,039,375   $7,440,030   $30,653,410   $36,080,392 
Restricted cash   497,055    495,629    468,041    551,794 
Total cash and cash equivalents and restricted cash in the condensed consolidated statements of cash flows  $7,536,430   $7,935,659   $31,121,451   $36,632,186 

 

Schedule of inventories
   March 31, 2023   December 31, 2022 
Raw materials and supplies  $1,259,859   $1,011,476 
Work-in-process   33,245    37,445 
Finished goods   2,351,453    2,596,830 
Total  $3,644,557   $3,645,751 

 

Schedule of finite-lived and indefinite-lived intangible assets
         

March 31, 2023

   December 31, 2022 
   Subsidiary  Cost  

Accumulated

Amortization and Impairment

   Effect of Foreign Exchange Rates   Net Balance  

Accumulated

Amortization and Impairment

   Effect of Foreign Exchange Rates   Net Balance 
Trademarks and tradenames  Curetis  $1,768,000   $(521,674)  $(29,101)  $1,217,225   $(469,011)  $(62,520)  $1,236,469 
Distributor relationships  Curetis   2,362,000    (464,633)   (38,879)   1,858,488    (417,728)   (83,525)   1,860,747 
A50 – Developed technology  Curetis   349,000    (147,126)   (5,744)   196,130    (132,273)   (12,342)   204,385 
Ares – Developed technology  Ares Genetics   5,333,000    (1,123,957)   (82,553)   4,126,490    (1,010,495)   (183,132)   4,139,373 
A30 – In-Process Research & Development  Curetis   5,706,000    (5,612,078)   (93,922)   —      (5,407,699)   (298,301)   —   
      $15,518,000   $(7,869,468)  $(250,199)  $7,398,333   $(7,437,206)  $(639,820)  $7,440,974 

 

Schedule of estimated useful lives of identifiable intangible assets
    Estimated Useful Life  
Trademarks and tradenames   10 years  
Customer/distributor relationships   15 years  
A50 – Developed technology   7 years  
Ares – Developed technology   14 years  
A30 – Acquired in-process research & development   Indefinite  

 

Schedule of expected amortization of intangible assets
Year Ending December 31,        
2023 (April to December)   $ 564,347  
2024     752,463  
2025     752,463  
2026     752,463  
2027     715,644  
Thereafter     3,860,953  
Total   $ 7,398,333