Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.23.1
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2022
Discontinued Operations [Abstract]  
Schedule of Discontinued Operations Assets and Liabilities Classified as Held-for-Sale

December 31, 2022

December 31, 2021

Trade accounts receivable, net

$

752,420

$

Inventories, net

145,808

Other current assets

255,871

Total current assets

$

1,154,099

$

Property, plant, and equipment, net

$

69,270

$

Right of use asset

46,025

Intangible assets

2,110,550

Goodwill

45,688

Total noncurrent assets

$

2,271,533

$

Total assets held for sale

$

3,425,632

$

Accounts payable

$

381,992

$

Accrued compensation and benefits

184,585

Operating lease liability

50,170

Other accrued liabilities

10,727

Deferred revenue

533,685

Total current liabilities

$

1,161,159

$

Deferred revenue

$

250,875

$

Total noncurrent liabilities

$

250,875

$

Total liabilities held for sale

$

1,412,034

$

Schedule of Financial Results of Discontinued Operations

Year Ended December 31

2022

2021

Sales

$

5,291,492

$

Cost of sales

3,798,807

Selling, general and administrative expenses

1,295,120

Amortization expense

496,450

Transaction costs

53,361

Goodwill impairment loss

6,718,612

Operating loss before income taxes

(7,070,858)

Income tax expense

3,326

Net loss from discontinued operations

$

(7,074,184)

$