XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.2
Acquisitions - Purchase Price Allocation (Details) - USD ($)
3 Months Ended 6 Months Ended 14 Months Ended
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Dec. 31, 2022
Apr. 18, 2022
Purchase price allocation:            
Goodwill $ 3,873,079 $ 3,873,079   $ 3,873,079 $ 3,301,959  
Measurement period adjustments - goodwill   (571,120)        
Measurement period adjustment - deferred tax liability   $ 571,120 $ 3,326,000      
Elusys Therapeutics            
Purchase price allocation:            
Cash and cash equivalents           $ 5,719,899
Contract receivables           24,526,232
Prepaid expenses and other current assets           1,818,278
Inventory           5,844,000
Intangible asset - definite-lived (Note 7)           9,700,000
Property and equipment           50,224
Operating lease right of use assets           352,906
Other assets           1,329,153
Total assets acquired           49,340,692
Accounts payable           (204,794)
Accrued expenses and other current liabilities           (5,155,363)
Operating lease obligations           (352,906)
Deferred income tax liability           (3,644,120)
Other liabilities           (1,002,904)
Total liabilities assumed           (10,360,087)
Net assets acquired and liabilities assumed           38,980,605
Goodwill           3,873,080
Total purchase consideration           $ 42,853,685
Total revenue of acquiree from acquisition date       30,000.00    
Net loss of acquiree from acquisition date       $ 1,200,000    
Measurement period adjustment - deferred tax liability $ (600,000)