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Acquisition of Aquila Biolabs GmbH (Details)
1 Months Ended
Apr. 29, 2021
USD ($)
Current assets:  
Cash and cash equivalents $ 201,100
Accounts receivable 159,200
Inventory 187,500
Prepaid expenses and other current assets 25,400
Property, plant and equipment 40,200
Deferred tax assets 800,300
Tradename 452,300
Non-compete agreements 784,500
In-process research and development 742,100
Customer relationships 252,200
Patents and other intangibles 286,200
Total assets acquired 3,931,000
Fair value of liabilities assumed:  
Accounts payable (39,300)
Accrued expenses (90,300)
Other current liabilities (59,400)
Total liabilities assumed (189,000)
Total identifiable net assets 3,742,000
Fair value of consideration transferred 7,880,100
Goodwill $ 4,138,100
Customer relationships  
Fair value of liabilities assumed:  
Useful life 9 years
Non-compete agreements  
Fair value of liabilities assumed:  
Useful life 4 years
Tradename  
Fair value of liabilities assumed:  
Useful life 6 years
In-process research and development  
Fair value of liabilities assumed:  
Useful life 5 years
Patents and Other Intangibles  
Fair value of liabilities assumed:  
Useful life 7 years