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Asset Purchase Agreement (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of Merger Transaction Investment | Following the closing of the merger transaction, the Company’s investment in ECS consisted of the following:
Purchase Price |  |  |
Convertible note |  | $ | 4,000,000 |
Common stock |  |  | 1,000,000 |
Total purchase price |  | $ | 5,000,000 |
Allocation of purchase price |  |  |  |
Cash |  | $ | 210,348 |
Equipment |  |  | 63,289 |
Intangibles |  |  | 4,903,876 |
Accounts payable and accrued expenses |  |  | (177,513 | )
Total allocation of purchase price |  | $ | 5,000,000 |
| (1) | The 3,333,333 restricted shares of the Company’s Common Stock issued at closing of the merger transaction had a closing price of approximately $0.30 per share on the date of the transaction.
Schedule of Unaudited Pro-forma Combined Results of Operations | The following presents the unaudited pro-forma combined results of operations of the Company with the ECS Business as if the entities were combined on January 1, 2019.
|  | Year Ended |
|  | December 31, 2019 |
Revenues |  | $ | 59,064,637 |
Net loss |  | $ | (8,902,134 | )
Net loss per share |  | $ | (0.09 | )
Weighted average number of shares outstanding |  |  | 96,186,742 |

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