XML 47 R24.htm IDEA: XBRL DOCUMENT v3.22.2
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following as of:

 

  

December 31,

2021

  

December 31,

2020

 
         
Land  $1,778,987   $- 
Building & Building Improvements   9,005,205    - 
Computer equipment   1,171,319    1,115,326 
Furniture and office equipment   262,814    223,925 
Machinery and equipment   1,970,007    1,096,898 
STEP equipment   1,496,252    1,206,757 
Leasehold improvements   334,934    334,934 
Construction in Progress   7,000    - 
           
Total property and equipment   16,026,518    3,977,840 
Less: Accumulated depreciation and amortization   (3,161,752)   (2,596,096)
           
Property and equipment, net  $12,864,766   $1,381,744 
Schedule of Purchase Price Allocation

The following table presents purchase price allocation for the assets acquired:

 

  

December 31,

2021

 
     
Land  $1,778,987 
Building and building improvements  $8,937,050 
Acquired Lease Intangible Assets  $83,963 
      
Total Purchase Price  $10,800,000