Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of allocation preliminary purchase price

The following table summarizes the allocation of the preliminary purchase price as of the acquisition date of January 27, 2021:

Calculation of Goodwill:
Net purchase price, including debt paid at close	$	23,554,169
Plus fair value of liabilities assumed:
Deferred revenue		40,812
Fair value of liabilities assumed	$	40,812
Less fair value of assets acquired:
Cash & short-term investments		885,272
Other tangible assets		542,978
Identifiable intangibles		3,133,141
Fair value of assets acquired	$	4,561,391
Net nonoperating assets		25,000
Goodwill	$	19,008,591