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Business Combination (Tables)
6 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Schedule of assets acquired and liabilities assumed based on fair value
Purchase consideration:    
Common Stock (*)  $44,341,847 
Allocation of the purchase price:     
Cash and cash equivalents  $531,147 
Accounts receivable, net   188,550 
Property and equipment, net   56,075 
Operating lease right-of-use assets   485,684 
Security deposits   10,440 
Total assets acquired   1,271,896 
Accounts payable   (56,204)
Accrued expenses and other current liabilities   (251,335)
Operating lease liability   (267,256)
Tenant security deposit   (2,880)
Total liabilities assumed   (577,675)
Total net assets acquired   694,221 
Goodwill as a result of the Merger  $43,647,626 

 

*29,561,231 shares (1,642,291 after stock reverse split) of common stock of the Company was issued to BioKey in connection with the Merger. Those shares were valued at $1.50 per share, based on the bid-and-ask share price of common stock of the Company on the final day of trading, February 8, 2019.