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Acquisition of Businesses (Tables)
 3 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed
The following table presents the assets acquired and liabilities assumed at the date of the acquisitions:
FMC NA
CRMSLMSRyan BrothersExceptionalTotal
Consideration:
Cash consideration$4,000,000 $9,000,000 $302,450 $7,422,252 $6,375,000 $27,099,702 
Stock consideration3,000,000 1,000,000 — — — 4,000,000 
Due to seller— — 11,279,201 — 6,000,000 17,279,201 
Amounts held under an escrow account— — — — 1,333,333 1,333,333 
Contingent liability— 15,822,190 2,475,540 4,000,000 1,080,000 23,377,730 
Total consideration$7,000,000 $25,822,190 $14,057,191 $11,422,252 $14,788,333 $73,089,966 
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash$— $1,574,604 $5,404,660 $620,548 $299,050 $7,898,862 
Accounts receivable— 2,033,533 623,635 5,844,494 3,785,490 12,287,152 
Other current assets— 293,478 134,216 136,157 — 563,851 
Property, plant and equipment— — 519,391 2,125,134 2,450,900 5,095,425 
Intangible assets— 15,930,000 2,419,600 387,550 125,000 18,862,150 
Total identifiable assets acquired— 19,831,615 9,101,502 9,113,883 6,660,440 44,707,440 
Accounts payable— 28,978 40,447 44,911 — 114,336 
Due to seller— 2,448,460 — 5,844,494 4,084,540 12,377,494 
Other current liabilities— 174,177 1,012,992 286,792 — 1,473,961 
Total liabilities assumed— 2,651,615 1,053,439 6,176,197 4,084,540 13,965,791 
Noncontrolling interests2,567,037 — — — — 2,567,037 
Goodwill— 8,642,190 6,009,128 8,484,566 12,212,433 35,348,317 
Additional paid-in-capital4,432,963 — — — — 4,432,963 
Total purchase price$7,000,000 $25,822,190 $14,057,191 $11,422,252 $14,788,333 $73,089,966 
Schedule of Pro Forma Combined Financial Information
The following unaudited pro forma combined financial information for the three months ended March 31, 2023 gives effect to the acquisitions disclosed above as if they had occurred on January 1, 2023. The pro forma information is not necessarily indicative of the results of operations that actually would have occurred under the ownership and management of the Company.
Three Months Ended March 31, 2023
Revenue$116,116,322 
Net loss(2,879,996)