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Aegis Contract and Related Asset Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Asset Acquisition | The following table summarizes the consideration paid for the Aegis acquisition and the fair value of assets acquired and contract-related liabilities assumed as of the acquisition date:
| Acquisitions
| April 1, 2023 |  | February 1, 2024 |  | May 1, 2024 |  | Total
Consideration Paid: |  |  |  |  |  |  |
Cash | $ | 170,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 170,000 |
Accounts receivable credit issued | 300,000 |  |  | — |  |  | — |  |  | 300,000 |
Account payable due to Aegis | 91,048 |  |  | — |  |  | — |  |  | 91,048 |
Contingent consideration | 1,256,656 |  |  | 101,641 |  |  | 171,260 |  |  | 1,529,557 |
Total fair value of consideration transferred | 1,817,704 |  |  | 101,641 |  |  | 171,260 |  |  | 2,090,605 |
Identifiable assets acquired and liabilities assumed: |  |  |  |  |  |  |
Assets acquired |  |  |  |  |  |  |
Property, plant and equipment | 170,000 |  |  | — |  |  | — |  |  | 170,000 |
Inventory | 391,048 |  |  | — |  |  | — |  |  | 391,048 |
Identifiable intangible asset - customer contracts | 1,772,659 |  |  | 184,587 |  |  | 267,877 |  |  | 2,225,123 |
| 2,333,707 |  |  | 184,587 |  |  | 267,877 |  |  | 2,786,171 |
Acquired contract-related liabilities assumed |  |  |  |  |  |  |
Deferred maintenance reserve | (853,271) |  |  | — |  |  | — |  |  | (853,271) |
Net identifiable assets acquired | 1,480,436 |  |  | 184,587 |  |  | 267,877 |  |  | 1,932,900 |
Excess of cost over fair value of net assets acquired (Goodwill) | $ | 337,268 |  |  | $ | (82,946) |  |  | $ | (96,617) |  |  | $ | 157,705 |
The following table summarizes the contract-related liabilities assumed as of December 31, 2024:
| December 31, 2024 |  | December 31, 2023
Acquisition liabilities, current |  |  |
Contingent consideration | $ | 328,350 |  |  | $ | 200,639 |
Deferred maintenance reserve | 574,202 |  |  | 644,724 |
| 902,552 |  |  | 845,363 |
Acquisition liabilities, long-term |  |  |
Contingent consideration | 1,008,760 |  |  | 994,743 |
Deferred maintenance reserve | — |  |  | 187,036 |
| $ | 1,008,760 |  |  | $ | 1,181,779 |

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- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + Details
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- References No definition available. + Details
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