XML 112 R95.htm IDEA: XBRL DOCUMENT v3.22.1
Business Combination (Details) - Schedule of assets acquired and liabilities assumed based on fair value
Feb. 08, 2019
USD ($)
Purchase consideration:  
Common Stock $ 44,341,847 [1]
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
[1] 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.