BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2021

The following table summarizes the purchase price allocations relating to the Merger:

Total purchase price	$	18,454,784

Assets acquired:
Cash		1,310,977
Accounts receivable, net		488,453
Prepaid expenses		215,064
Contract assets		20,128
Other assets		450,000
Property and equipment		146,559
Software Technology		5,279,000
Trade Names and Trademarks		386,000
Customer Relationships		5,269,000
Right of use assets		1,082,684
Deposits and other assets		58,950
Total assets acquired	$	14,706,815

Liabilities assumed:
Accounts payable and accrued liabilities	$	681,879
Accrued expenses		1,972,663
Short-term lease liabilities		295,364
Deferred revenues		320,936
Warrant liability		1,247,715
Notes payable and financing arrangements		20,801
Other long-term liabilities		812,045
Total liabilities assumed	$	5,351,403
Estimated fair value of net assets acquired:	$	9,355,412

Goodwill	$	9,099,372

Pro Forma Financial Information

The following table represents the revenue, net loss and loss per share effect of the acquired company, as reported on a pro forma basis as if the acquisition occurred on January 1, 2020. These pro forma results are not necessarily indicative of the results that would have occurred if the acquisition had occurred on the first day of the periods presented, nor does the pro forma financial information purport to represent the results of operations for future periods.

	For the Years Ended December 31,
Description	2021			2020
Revenues	$	18,889,025		$	12,323,000
Net loss	$	(28,980,168	)	$	(50,001,000	)
Net loss per share:
Basic and diluted-as pro forma (unaudited)	$	(0.94	)	$	(1.87	)