| Schedule of Fair Value Assets and Liabilities |
The
following table summarizes the assets measured at fair value on a recurring basis as of September 30, 2022, and December 31, 2021, by
level within the fair value hierarchy:
Schedule of Fair Value Assets and Liabilities
| | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | | |
Total | |
| | |
September 30, 2022 | |
| | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | | |
Total | |
| Assets: | |
| | |
| | |
| | |
| |
| Cash equivalents | |
$ | - | | |
$ | 5,060,362 | | |
$ | - | | |
$ | 5,060,362 | |
| Marketable securities (U.S. treasury bills) | |
| - | | |
| 4,982,350 | | |
| - | | |
| 4,982,350 | |
| Total assets measured at fair value | |
$ | - | | |
$ | 10,042,712 | | |
$ | - | | |
$ | 10,042,712 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Contingent consideration - common stock | |
$ | - | | |
$ | - | | |
$ | 3,183,437 | | |
$ | 3,183,437 | |
| Contingent consideration - warrants | |
| - | | |
| - | | |
| 369,117 | | |
| 369,117 | |
| Total liabilities measured at fair value | |
$ | - | | |
$ | - | | |
$ | 3,552,554 | | |
$ | 3,552,554 | |
| | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | | |
Total | |
| | |
December 31, 2021 | |
| | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | | |
Total | |
| Assets: | |
| | |
| | |
| | |
| |
| Marketable securities (certificates of deposit) | |
$ | - | | |
$ | 1,255,266 | | |
$ | - | | |
$ | 1,255,266 | |
| Total assets measured at fair value | |
$ | - | | |
$ | 1,255,266 | | |
$ | - | | |
$ | 1,255,266 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Contingent consideration - common stock | |
$ | - | | |
$ | - | | |
$ | 8,684,669 | | |
$ | 8,684,669 | |
| Contingent consideration - warrants | |
| - | | |
| - | | |
| 1,747,972 | | |
| 1,747,972 | |
| Total liabilities measured at fair value | |
$ | - | | |
$ | - | | |
$ | 10,432,641 | | |
$ | 10,432,641 | |
|
| Schedule of Changes in Fair Value Measurement |
The
changes for Level 3 items measured at fair value on a recurring basis are as follows:
Schedule of Changes in Fair Value Measurement
| | |
| | |
| Fair value as of December 31, 2021 | |
$ | 10,432,641 | |
| Change in contingent purchase consideration for measurement period adjustments | |
| 199,359 | |
| Change in fair value of contingent consideration issued for business acquisitions | |
| (7,079,446 | ) |
| Fair value as of September 30, 2022 | |
$ | 3,552,554 | |
|