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Business Combination (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination

Schedule of purchase consideration

	Cash	$	500,000
	Contingent consideration payable		945,000
	Equity consideration		435,000
		$	1,880,000

Schedule of purchase price to the assets acquired and liabilities assumed

	Cash and cash equivalents	$	1,082
	Intangible assets		100,468
	Goodwill		1,810,787
	Accounts payable and accrued expenses		(32,337	)
		$	1,880,000

Schedule of proforma condensed consolidated statement of operations

		For the Three Months Ended March 31, 2024
		(Unaudited)
	Revenue:
	Sales	$	121,808
	Total		121,808
	Operating expenses:
	Payroll and related expenses	$	2,016,087
	General and administrative expenses		587,488
	Marketing and business development expense		69,150
	Total		2,672,725
	Operating loss		(2,550,917	)
	Other expense:
	Interest Expense		(565,996	)
	Other Income		—
	Net loss	$	(3,116,913	)

X

- 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

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- References

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

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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

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-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

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