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Acquisition (Tables) - Petametrics Inc [Member]
3 Months Ended
Mar. 31, 2021
Schedule of Purchase Price

The composition of the purchase price is as follows:

 

Cash   $ 315,289  
Indemnity restricted stock units for shares of common stock     500,000  
Total purchase consideration   $ 815,289  
Summary of Price Allocation for Acquisition

The purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below:

 

Accounts receivable   $ 37,908  
Developed technology     917,762  
Accounts payable     (53,494 )
Unearned revenue     (86,887 )
Net assets acquired   $ 815,289