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Acquisitions (Tables) - RWS [Member] | 3 Months Ended
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Mar. 31, 2022
Business Acquisition [Line Items] |
Schedule of Purchase Consideration Paid and Amount of Assets Acquired and Liabilities Assumed | The following table sets forth the purchase consideration paid and the amount of assets acquired and liabilities assumed as of the acquisition date:
Sources of consideration paid: |  |  |
Cash (1) |  | $ | 32,048,438 |
Other (2) |  |  | 1,964,562 |
|  | $ | 34,013,000 |
Purchase price allocation: |  |  |
Accounts receivable, net (3) |  |  | 7,888,586 |
Other assets |  |  | 1,103,253 |
Machinery and equipment, net |  |  | 494,614 |
Intangible assets |  |  | 25,390,000 |
Goodwill |  |  | 6,901,756 |
Current liabilities |  |  | (7,765,209 | )
|  | $ | 34,013,000 |
(1) Financed with Monroe Capital term loan |
(2) Net working capital |
(3) Gross receivables of $10,359,526, net of allowance of $2,470,940 |
Schedule of Unaudited Pro Forma Information | The following table presents unaudited pro forma information for the three months ended March 31, 2021 as if the RWS acquisition had occurred at the beginning of our 2021 fiscal year. The unaudited pro forma information includes adjustments for amortization expense on definite lived intangible assets acquired, interest expense on debt incurred related to the acquisition, certain management adjustments, and the related income tax effects.
|  | Three months ended |
|  | March 31, 2021 |
Pro Forma |  | (unaudited) |
Revenue |  | $ | 46,816,822 |
Net loss |  | $ | (523,531 | )
Net loss per share - basic and diluted |  | $ | (0.03 | )

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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 http://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 http://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 http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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