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Goodwill and Business Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Business Acquisition [Abstract] |
Schedule of Purchase Consideration to Estimated Fair Value of Assets Acquired and Liabilities | The following table summarizes the consideration paid for Airobotics and the preliminary allocation of the purchase consideration to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date.
Purchase price consideration: |  |  |
Common Stock – 2,844,291 Shares |  | $ | 5,261,938 |
Vested Stock Options – 605,349 Shares |  |  | 700,690 |
Warrants – 586,440 Warrants to purchase shares |  |  | - |
Total purchase price consideration |  | $ | 5,962,628 |
Estimated fair value of assets acquired: |  |  |  |
Cash and cash equivalents and restricted cash |  | $ | 1,049,454 |
Accounts receivable |  |  | 112,245 |
Inventory |  |  | 1,494,707 |
Other current assets |  |  | 835,664 |
Property and equipment |  |  | 3,015,602 |
Right of use asset |  |  | 339,104 |
Intangible assets |  |  | 5,977,926 |
Other long-term assets |  |  | 62,851 |
Total estimated fair value of assets acquired |  |  | 12,887,553 |
Estimated fair value of liabilities assumed: |  |  |  |
Accounts payable |  |  | 969,242 |
Customer Prepayments |  |  | 1,602,535 |
Government grant liability |  |  | 1,783,403 |
Other loans |  |  | 1,140,301 |
Other payables |  |  | 1,156,057 |
Lease liabilities |  |  | 385,450 |
Loan from related party |  |  | 2,032,875 |
Total estimated fair value of liabilities assumed |  |  | 9,069,863 |
Net Assets Acquired |  | $ | 3,817,690 |
Goodwill |  | $ | 2,144,938 |
Schedule of Unaudited Pro Forma Information Presents Company’s Results of Operations | The pro forma results do not purport to represent what the Company’s results of operations actually would have been if the transactions had occurred on January 1, 2022 or what the Company’s operating results will be in future periods.
|  | (Unaudited) Six months ended June 30, |
|  | 2024 |  |  | 2023 |
Revenue, net |  | $ | 1,582,860 |  |  | $ | 8,096,991 |
Net loss |  | $ | (18,145,820 | ) |  | $ | (23,841,450 | )
Basic Earnings Per Share |  | $ | (0.28 | ) |  | $ | (0.48 | )
Diluted Earnings Per Share |  | $ | (0.28 | ) |  | $ | (0.48 | )
Schedule of Goodwill Impairment | The changes in the carrying amount of goodwill for the six months ended June 30, 2024 and year ended December 31, 2023, are as follows:
|  | OAS |
Balance as of January 1, 2023 |  | $ | 25,60,983 |
Goodwill acquired |  |  | 2,144,938 |
Balance as of December 31, 2023 and June 30, 2024 |  | $ | 27,751,921 |

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