XML 40 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
Schedule of Liabilities Related to Acquisition Agreements

As of December 31, 2022 and December 31, 2021, liabilities related to business acquisition agreements consist of the following:

 

 Schedule of Liabilities Related to Acquisition Agreements

   December 31, 2022   December 31, 2021 
Holdback related to MicaSense Acquisition Agreement  $23,798   $4,821,512 
Holdback related to Measure Acquisition       5,625,000 
Holdback related to senseFly Acquisition       8,489,989 
Total acquisition agreement related liabilities   23,798    18,936,501 
Less: Current portion business acquisition agreement-related liabilities   (23,798)   (10,061,501)
Long term portion of business acquisition agreement-related liabilities  $   $8,875,000 
Schedule of Pro-forma Information

These pro forma adjustments include:

 Schedule of Pro-forma Information

   2022   2021 
  

For the Year Ended December 31,

(Unaudited)

 
   2022   2021 
Revenues  $   $19,564,651 
Net loss  $   $(36,395,212)
Mica Sense Inc [Member]  
Business Acquisition [Line Items]  
Schedule of Allocation of the purchase price as of the Micasense Acquistion Date

The following table summarizes the allocation of the purchase price as of the MicaSense Acquisition Date:

 

 

Calculation of Goodwill:    
Net purchase price, including debt paid at close  $23,375,681 
      
Plus: fair value of liabilities assumed:     
Current liabilities   702,925 
Fair value of liabilities assumed  $702,925 
      
Less: fair value of assets acquired:     
Cash  $885,273 
Other tangible assets   1,165,666 
Identifiable intangible assets   3,061,803 
Fair value of assets acquired  $5,112,742 
      
Net nonoperating assets   25,000 
Adjustments for seller transaction expenses related to purchase price allocation   32,032 
Goodwill  $18,972,896 
Measure Global Inc [Member]  
Business Acquisition [Line Items]  
Schedule of Allocation of the purchase price as of the Micasense Acquistion Date

The following table summarizes the allocation of the preliminary purchase price as of the Measure Acquisition Date:

 

Schedule of Allocation of the purchase price as of the Micasense Acquistion Date

Calculation of Goodwill:    
Net purchase price, including debt paid at close  $45,403,394 
      
Plus: fair value of liabilities assumed:     
Deferred revenue   319,422 
Other tangible liabilities   272,927 
Fair value of liabilities assumed  $592,349 
      
Less: fair value of assets acquired:     
Cash   486,544 
Other tangible assets   312,005 
Identifiable intangibles   2,668,689 
      
Fair value of assets acquired  $3,467,238 
      
Net nonoperating assets   39,775 
Goodwill  $42,488,730 
Sense Fly SA [Member]  
Business Acquisition [Line Items]  
Schedule of Allocation of the purchase price as of the Micasense Acquistion Date

The following table summarizes the allocation of the preliminary purchase price as of the senseFly Acquisition Date:

 

 Schedule of Allocation of the purchase price as of the Micasense Acquistion Date

Calculation of Goodwill:    
Net purchase price  $20,774,526 
      
Plus: fair value of liabilities assumed:     
Current liabilities   3,913,386 
Defined benefit plan obligation   278,823 
Debt assumed at close   2,461,721 
Fair value of liabilities assumed  $6,653,930 
      
Less: fair value of assets acquired:     
Cash  $859,044 
Other tangible assets   6,327,641 
Identifiable intangible assets   7,335,570 
Fair value of assets acquired  $14,522,255 
      
Net nonoperating assets   250,624 
Goodwill  $12,655,577