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Goodwill (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the nine months ended September 30, 2022 are as follows:
 
Balance as of January 1, 2022
   $ 28,596,547  
Acquisition (see Note 2)
     922,000  
Impairment losses
     (5,856,551
    
 
 
 
Balance as of September 30, 2022
   $ 23,661,996  
    
 
 
 
Summary of Key Assumptions Used in the Discounted Cash Flow Analyses The key assumptions used in the discounted cash flow analyses are as follows:
 
Revenue growth rates
   (1.9)% - 11.1%
Operating income margins
   5.4% - 29.8%
Discount rate
   9.5%