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Acquisition of Card Cash (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the fair value of the purchase consideration to the fair value of tangible assets, identifiable intangible assets, and assumed liabilities of CardCash on the date of acquisition: Schedule of Fair Value of Assets Acquired and Liabilities Assumed
|  | Fair Value |
Fair value of consideration: |  |  |  |
Cash |  | $ | 750,000 |
Notes payable ($750,000 due December 30, 2024; $750,000 due December 30, 2025) |  |  | 1,500,000 |
Common stock (6,108,007 shares of common stock at $4.00 per share) |  |  | 24,432,000 |
Total purchase price |  | $ | 26,682,000 |
Allocation of the consideration to the fair value of assets acquired and liabilities assumed: |  |  |
Cash |  | $ | 2,061,265 |
Accounts receivable |  |  | 1,582,635 |
Inventories |  |  | 4,152,273 |
Prepaids, deposits, and other |  |  | 220,385 |
Property and equipment, net |  |  | 2,563,312 |
Accounts payable and accrued liabilities |  |  | (2,068,154 | )
Line of credit |  |  | (6,737,385 | )
Deferred tax liability |  |  | (1,800,000 | )
Net tangible assets |  |  | (25,669 | )
Intangible assets: |  |  |  |
Developed technology |  |  | 2,600,000 |
Trade name |  |  | 2,400,000 |
Customer relationships |  |  | 1,700,000 |
Net identifiable intangible assets |  |  | 6,700,000 |
Goodwill |  |  | 20,007,669 |
Fair value of net asset acquired |  | $ | 26,682,000 |
Schedule of Pro Forma Statements of Operations | Schedule of Pro Forma Statements of Operations
|  | Year Ended December 31, 2023 |
|  | (Proforma, unaudited) |
Sales |  | $ | 89,307,460 |
Net loss |  | $ | (9,122,246 | )
Net loss per share |  | $ | (0.41 | )

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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