Goodwill and Business Acquisition (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Business Acquisition [Abstract]

Schedule of Purchase Consideration to Estimated Fair Value of Assets Acquired and Liabilities

The following table summarizes the consideration paid for Airobotics and the preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date.

Purchase price consideration:
Common Stock – 2,844,291 Shares	$	5,261,938
Vested Stock Options – 605,349 Shares		700,690
Warrants – 586,440 Warrants to purchase shares		-
Total purchase price consideration	$	5,962,628
Estimated fair value of assets acquired:
Cash and cash equivalents and restricted cash	$	1,049,454
Accounts receivable		112,245
Inventory		1,494,707
Other current assets		835,664
Property and equipment		3,015,602
Right of use asset		339,104
Intangible assets		5,977,926
Other long-term assets		62,851
Total estimated fair value of assets acquired		12,887,553
Estimated fair value of liabilities assumed:
Accounts payable		969,242
Customer Prepayments		1,602,535
Government grant liability		1,783,403
Other loans		1,140,301
Other payables		1,156,057
Lease liabilities		385,450
Loan from related party		2,032,875
Total estimated fair value of liabilities assumed		9,069,863
Net Assets Acquired	$	3,817,690
Goodwill	$	2,144,938

Schedule of Unaudited Pro Forma Information Presents Company’s Results of Operations

The pro forma results do not purport to represent what the Company’s results of operations actually would have been if the transactions had occurred on January 1, 2022 or what the Company’s operating results will be in future periods.

	(Unaudited) Six months ended June 30,
	2024			2023
Revenue, net	$	1,582,860		$	8,096,991
Net loss	$	(18,145,820	)	$	(23,841,450	)
Basic Earnings Per Share	$	(0.28	)	$	(0.48	)
Diluted Earnings Per Share	$	(0.28	)	$	(0.48	)

Schedule of Goodwill Impairment

The changes in the carrying amount of goodwill for the six months ended June 30, 2024 and year ended December 31, 2023, are as follows:

	OAS
Balance as of January 1, 2023	$	25,60,983
Goodwill acquired		2,144,938
Balance as of December 31, 2023 and June 30, 2024	$	27,751,921