Business Combination (Tables)

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Business Combinations [Abstract]

Summary of Consideration Paid and Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition

The following table summarizes the consideration paid for Picky Bars and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

Consideration
Cash	$	11,111,830
Equity instruments		1,834,857
Fair value of total consideration transferred	$	12,946,687
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	$	662,243
Accounts receivable		48,517
Prepaid expenses and other current assets		237,166
Deposits		6,000
Inventory		726,006
Property and equipment, net		55,378
Intangible assets		4,930,000
Total assets acquired		6,665,310
Accounts payable		47,323
Accrued expenses		131,661
Payroll liabilities		9,189
Contract liabilities		16,450
Total liabilities assumed		204,623
Total identifiable net assets		6,460,687
Goodwill	$	6,486,000

Summary of Components of the Intangible Assets Acquired and their Estimated Useful Lives

The following table summarizes the components of the intangible assets acquired as of the acquisition date and their estimated useful lives:

	Estimated Useful Life	Fair Value
Trade names	10 years	$	2,530,000
Customer relationships	10 years		1,990,000
Recipes	10 years		330,000
Social media agreements	3 years		80,000
Total intangible assets acquired		$	4,930,000

Schedule of Proforma Information Related To Business Combination

The following unaudited pro forma summary presents the results of the Company as if the acquisition of Picky Bars had occurred on January 1 of the year of the acquisition:

	Three Months Ended			Six Months Ended
	June 30, 2021			June 30, 2021
Net Sales	$	9,618,798		$	18,174,961
Net Loss	$	(6,444,721	)	$	(11,946,430	)