ORGANIZATION AND ACQUISITIONS, BUSINESS PLAN, AND LIQUIDITY (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation, Business Combination, And Presentation Of Financial Statements [Abstract]

The Company accounted for the acquisition as follows:


Purchase price	$	6,072,366

Allocation of purchase price:
Accounts receivable, net	$	1,134,909
Right of use asset	$	1,197,310
Property and equipment	$	229,058
Goodwill	$	3,444,926
Intangible assets	$	1,276,000
Accrued expenses	$	(12,527)
Right of use liability	$	(1,197,310)

The Company accounted for the acquisition as follows:


Purchase price	$	7,232,712

Allocation of Purchase Price:
Cash	$	622,641
Accounts receivable, net	$	2,666,811
Contract receivable	$	494,456
Prepayments and other assets	$	38,086
Property and equipment	$	403,008
Right of use asset	$	82,408
Goodwill	$	3,696,161
Intangible assets	$	3,659,000
Accrued expenses	$	(2,361,302)
Contract liabilities	$	(1,071,399)
Right of use liability	$	(82,408)
Deferred tax liability	$	(914,750)

Schedule of Pro Forma Information

The following pro-forma amounts reflect the Company’s results as if the acquisition of Emerald had occurred on January 1, 2022. These pro-forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results of the acquisition to reflect the additional amortization of intangibles.


	For the Years Ended December 31,
	2023		2022
Revenues:
Equipment systems	$	12,720,873	$	33,119,480
Services	11,919,920		13,084,643
Construction design-build	44,561,783		30,814,975
Other	717,472		1,009,830
Total revenues and other income	69,920,048		78,028,928

Net loss	$	(25,437,661)	$	(14,405,685)