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BUSINESS COMBINATION - Assets acquired and liabilities assumed recognized at the acquisition date (Details) - Stadco
Aug. 25, 2021
USD ($)
Business Acquisition  
Total consideration transferred $ 10,209,420
Recognized amounts of identifiable assets acquired and liabilities assumed:  
Accounts receivable 1,247,015
Inventory 927,188
Other current assets 5,417,254
Property, plant, and equipment and right of use assets 15,971,761
Accounts payable, accrued expenses, and other current liabilities (6,652,512)
Lease obligations (6,701,286)
Net assets 10,209,420
Total consideration transferred 10,209,420
Reported as  
Business Acquisition  
Total consideration transferred 10,163,164
Recognized amounts of identifiable assets acquired and liabilities assumed:  
Accounts receivable 1,247,015
Inventory 927,188
Other current assets 4,323,593
Property, plant, and equipment and right of use assets 15,074,273
Accounts payable, accrued expenses, and other current liabilities (5,882,048)
Lease obligations (6,701,286)
Net assets 8,988,735
Goodwill 1,174,429
Total consideration transferred 10,163,164
ERTC refundable credit  
Recognized amounts of identifiable assets acquired and liabilities assumed:  
Other current assets 1,093,661
Accounts payable, accrued expenses, and other current liabilities (164,049)
Net assets 929,612
Goodwill (929,612)
Customer claim  
Business Acquisition  
Total consideration transferred 46,256
Recognized amounts of identifiable assets acquired and liabilities assumed:  
Accounts payable, accrued expenses, and other current liabilities (606,415)
Net assets (606,415)
Goodwill 652,671
Total consideration transferred 46,256
Fixed Asset Valuation  
Recognized amounts of identifiable assets acquired and liabilities assumed:  
Property, plant, and equipment and right of use assets 897,488
Net assets 897,488
Goodwill $ (897,488)