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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The purchase price has been preliminarily allocated to assets acquired and liabilities assumed based on the estimated fair value of such assets and liabilities at the date of acquisitions as follows: Schedule of Fair Value of Assets Acquired and Liabilities Assumed
Assets acquired: |  |  |
Accounts receivable |  | $ | 68,380 |
Prepaid expenses |  |  | 38,913 |
Property and equipment |  |  | 30,018 |
Intangible assets (see Note 5) |  |  | 3,888,000 |
Assets |  |  | 4,025,311 |
Liabilities assumed: |  |  |  |
Accounts payable |  |  | 36,446 |
Deferred revenue |  |  | 1,072,530 |
Liabilities |  |  | 1,108,976 |
Total identifiable net assets |  |  | 2,916,335 |
Purchase price |  |  | 6,383,269 |
Goodwill - Excess of purchase price over fair value of net assets acquired |  | $ | 3,466,934 |
Schedule of Pro Forma Information | The following unaudited pro forma information presents a summary of the condensed consolidated results of operations for the Company as if the acquisition of Yellow Folder had occurred on January 1, 2021. Schedule of Pro Forma Information
|  | For the Three months ended |
|  | (unaudited) |  |  | (unaudited) |
|  | June 30, 2022 |  |  | June 30, 2021 |
Total revenues |  | $ | 3,415,643 |  |  | $ | 3,589,859 |
Net (loss) income |  | $ | (374,167 | ) |  | $ | 167,562 |
Basic net (loss) income per share |  | $ | (0.09 | ) |  | $ | 0.04 |
Diluted net (loss) income per share |  | $ | (0.09 | ) |  | $ | 0.04 |
|  | For the Six months ended |
|  | (unaudited) |  |  | (unaudited) |
|  | June 30, 2022 |  |  | June 30, 2021 |
Total revenues |  | $ | 6,897,007 |  |  | $ | 6,881,801 |
Net (loss) income |  | $ | (359,777 | ) |  | $ | 970,627 |
Basic net (loss) income per share |  | $ | (0.09 | ) |  | $ | 0.24 |
Diluted net (loss) income per share |  | $ | (0.09 | ) |  | $ | 0.22 |
The following tables present the amounts of revenue and earnings of Yellow Folder since the acquisition date included in the condensed consolidated income statement for the reporting period.
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2022 |  |  | 2022 |
Yellow Folder: |  |  |  |  |  |  |  |
Total revenues |  | $ | 790,368 |  |  | $ | 790,368 |
Net income |  | $ | 196,559 |  |  | $ | 196,559 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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