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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Balance as of December 31, 2021  $14,706,818 
      
Measurement period adjustments   681,728 
Goodwill impairment charges   (15,388,546)
Balance as of December 31, 2022  $- 
Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following:

 

   December 31, 2023
   Weighted-Average  Gross       Net 
   Useful Life (1)  Carrying   Accumulated   Carrying 
   (in Years)  Amount   Amortization   Amount 
In-process research and development  Indefinite  $ 26,101,000   $-   $26,101,000 
Non-competition agreements  2.7   1,094,000    (791,333)   302,667 
Total intangible assets     $27,195,000   $(791,333)  $26,403,667 

 

   December 31, 2022
   Weighted-Average  Gross       Net 
   Useful Life (1)  Carrying   Accumulated   Carrying 
   (in Years)  Amount   Amortization   Amount 
In-process research and development  Indefinite  $26,101,000   $-   $26,101,000 
Non-competition agreements  2.7   1,094,000    (426,667)   667,333 
Total intangible assets     $27,195,000   $(426,667)  $26,768,333 

 

(1)Based on weighted-average useful life established as of the acquisition date.
Schedule of Future Amortization Expense

The expected future annual amortization expense of the Company’s intangible assets held as of December 31, 2023 is as follows:

 

Year Ending December 31,  Amortization Expense 
2024   302,667 
Total  $302,667