XML 46 R33.htm IDEA: XBRL DOCUMENT v3.23.1

Note C - Swivel Secure Europe, SA Acquisition (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Purchase consideration:
Total cash paid, including working capital adjustment		$	1,273,483
Earnout payable			500,000
Common stock issued			600,004
Total purchase price consideration		$	2,373,487
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents		$	729,905
Accounts receivable			702,886
Equipment acquired			65,640
Other assets			20,708
Intangible assets			762,860
Goodwill			1,258,087
Total estimated assets acquired			3,540,086
Accounts payable and accrued expenses			431,884
Government loan			544,000
Deferred tax liability			190,715
Total liabilities assumed			1,166,599
Total estimated fair value of assets acquired and liabilities assumed		$	2,373,487

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

		Amount				Estimated useful life (in years)
Customer relationships		$	762,860				7
Total identifiable intangible assets		$	762,860

X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration