MERGER AND BUSINESS COMBINATION WITH CROSSINGBRIDGE ADVISORS, LLC AND ENTERPRISE DIVERSIFIED, IN (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

SUMMARY OF FAIR VALUES OF ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the fair values of assets acquired and liabilities assumed as of the Closing Date:

Cash	$	15,873,598
Accounts receivable, net		35,027
Note receivable		50,000
Prepaid expenses		51,933
Other current assets		119,785
Fixed assets		3,431
Goodwill		737,869
Intangible assets		1,255,000
Deferred tax assets, net		1,249,556
Accounts payable		(20,506	)
Accrued expenses		(513,922	)
Deferred revenue		(203,547	)
Other current liabilities		(648	)
Total consideration	$	18,637,576

SCHEDULE OF COMPONENTS OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND ESTIMATED USEFUL LIVES

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the Closing Date.

Intangible Assets	Estimated Fair Value		Estimated Useful Life (in Years)
Customer relationships - Sitestar.net	$	490,000		14
Customer relationships - Willow Oak	$	510,000		14
Trade Name - Sitestar.net	$	40,000		7
Trade Name - Willow Oak	$	40,000		7
Internet Domains - Sitestar.net	$	175,000		Indefinite

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION

	For the year ended December 31, 2022
Revenue	$	8,264,005
Net income		1,656,707
Net income per share	$	0.46