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Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Summary of Changes in Fair Value of Earnout Liabilities

The following table provides a summary of the changes in fair value of the earnout liabilities for the three months ended March 31, 2022 and 2021:

 

   March 31, 2022 
Fair value at December 31, 2021  $1,630,681 
Change in fair value   64,204 
Fair value at March 31, 2022  $1,694,885 

 

   March 31, 2021 
Fair value at December 31, 2020  $2,444,000 
Change in fair value   69,950 
Fair value at March 31, 2021  $2,513,950 

The following table provides a summary of the changes in fair value of the earnout liabilities for the years ended December 31, 2021 and 2020:

 

 

  

Year ended

December 31, 2021

 
Fair value at January 1, 2021  $2,444,000 
Payment   (954,733)
Additions   - 
Change in fair value   141,414 
Fair value at December 31, 2021  $1,630,681 

 

  

Year ended

December 31, 2020

 
Fair value at January 1, 2020  $- 
Additions   889,200 
Change in fair value   1,554,800 
Fair value at December 31, 2020  $2,444,000