Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of carrying amount of goodwill

The following table sets forth the change in the carrying amount of goodwill during the three months ended March 31, 2022:

Balance as of December 31, 2021	$	14,440,683
Acquisitions		2,100,358
Balance as of March 31, 2022	$	16,541,041

Schedule of Finite - Lived Intangible Assets

Finite-lived Intangible Assets

Finite-lived intangible assets are as follows:

	March 31, 2022
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer relationships	$	6,500,000	$	(3,818,750	)	$	2,681,250
Trade names		8,640,000		(6,993,334	)		1,646,666
Existing technology/reformulations		13,407,923		(2,731,257	)		10,676,666
Research and development formulas		800,000		(800,000	)		—
License agreements		8,966,823		(7,228,981	)		1,737,842
	$	38,314,746	$	(21,572,322	)	$	16,742,424
	December 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer relationships	$	6,500,000	$	(3,737,500	)	$	2,762,500
Trade names		8,640,000		(6,866,667	)		1,773,333
Existing technology/reformulations		3,207,923		(2,694,590	)		513,333
Research and development formulas		800,000		(800,000	)		—
License agreements		8,591,822		(7,048,672	)		1,543,150
	$	27,739,745	$	(21,147,429	)	$	6,592,316