Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.23.1
Business Combinations (Tables)
3 Months Ended
Mar. 31, 2023
CSI Merger [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

Cash and cash equivalents

$

1,919,593

Investments

3,155,443

Accounts receivable

1,735,570

Inventory

138,767

Other assets

946,813

Property, plant, and equipment

117,774

Current assets held for sale

6,566,855

Intangible assets

2,607,000

Goodwill

6,764,300

Total assets

23,952,115

Accounts payable

2,192,346

Accrued expenses

1,013,004

Deferred revenue

874,756

Total liabilities

4,080,106

Net assets acquired

$

19,872,009

HEC Asset Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

Cash and cash equivalents

$

215,684

Accounts receivable

880,169

Inventory

1,572,062

Other assets

108,432

Property, plant, and equipment

182,135

Intangible assets

13,800,000

Goodwill

9,829,212

Total assets

26,587,694

Total liabilities

(1,471,348)

Net assets acquired

$

25,116,346

Schedule of Proforma Information

Three Months Ended March 31

2023

2022

Net revenue

$

22,065,424

$

13,794,605

Net loss

(2,547,652)

(2,634,695)

SUNation Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

Cash

$

1,598,707

Accounts receivable

2,824,029

Inventory

4,875,089

Employee retention credit receivable

1,584,541

Right of use asset

2,602,024

Other assets

2,880,014

Fixed assets

960,514

Intangible assets

7,100,000

Goodwill

10,716,638

Total assets

35,141,556

Accounts Payable

3,316,867

Other current liabilities

1,349,501

Related party payables

2,191,761

Operating lease liability

2,602,024

Loans payable

2,348,685

Customer deposits

1,606,054

Deferred revenue

3,286,131

Total liabilities

16,701,023

Net assets acquired

$

18,440,533