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Non-refundable Deposit for Asset Acquisition
3 Months Ended
Sep. 30, 2022
Other Assets, Noncurrent Disclosure [Abstract]  
Non-refundable Deposit for Asset Acquisition

Note 5.  Non-refundable Deposit for Asset Acquisition

On September 28, 2022, Reprints Desk, Inc. (“Reprints Desk”) entered into an asset purchase agreement with FIZ Karlsruhe – Leibniz-Institut für Informationsinfrastruktur GmbH (“FIZ”).  FIZ delivers STM content pursuant to various contracts with its customers through its AutoDoc platform.  FIZ has agreed to assign and transfer to Reprints Desk certain of these contracts effective January 1, 2022 (the “Sold Contracts”).  In consideration, Reprints Desk has agreed to make a non-refundable payment of $297,450 (€300,000) paid on September 30, 2022 (the “Base Amount”), plus contingent consideration of up to an additional $248,000 (€250,000) based on the trailing 12 month’s (“TTM”) revenue of customers that consent to have their Sold Contract assumed by Reprints Desk as a transferred contract, compared to the TTM revenue of all Sold Contracts, as defined (the “Base Amount Plus”).  In addition to the Base Amount and the Base Amount Plus, for customers that have (i) consented to have their contract assumed by Reprints Desk and (ii) that place an order by June 30, 2023, Reprints Desk shall pay an amount to FIZ (the “Bonus Amount”) based on the service fee FIZ would have received from these customers for the period from January 1, 2023 through December 31, 2025.  At September 30, 2022, the Base Amount of $297,450 has been recorded as a non-refundable deposit for asset acquisition.