v3.24.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2023
Acquisitions [Abstract]  
Schedule of Fair Value of the Assets Acquired and the Liabilities The fair value of the assets acquired and the liabilities assumed by the Company in connection with the acquisition is as follows:
Total consideration  $18,226,572 
      
Net assets acquired:     
Cash  $1,000,989 
Accounts receivable   10,939 
Prepaid expenses   200,651 
Property and equipment   37,841 
Software and technology   9,352,000 
Accounts payable, accruals, and other liabilities   (1,137,814)
Deferred tax liability   (1,230,526)
Total net assets acquired  $8,234,080 
      
Goodwill  $9,992,492 
   Fair Value 
Software and technology  $9,000,740 
Assembled workforce   366,188 
Net working capital   (14,808)
Deferred tax liability   (2,059,120)
Total consideration  $7,293,000 
Schedule of Estimate of Fair Value The fair value of the consideration consists of the following:
   Fair Value 
Shares issued  $6,055,409 
Shares to be issued   3,747,209 
Replacement awards   15,578 
Contingent consideration (liability) – retention payments   3,491,741 
Contingent consideration (equity) – milestone 1   2,490,152 
Contingent consideration (equity) – milestone 2   2,356,483 
Contingent consideration payable   70,000 
Total consideration  $18,226,572 

 
Schedule of Contingently Issuable Shares The following table shows the breakdown of the contingently issuable shares:
   Number of Shares 
Contingent consideration   903,689 
Share-based compensation (Note 13)   596,311 
Total contingently issuable shares   1,500,000