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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2023
Business Combinations [Abstract]  
Schedule of Fair Value of the Assets Acquired and the Liabilities A provisional estimate of the fair value of the assets acquired and the liabilities assumed by the Company in connection with the acquisition is as follows:
Total consideration  18,226,572 
      
Net assets acquired:     
Cash  $1,000,989 
Accounts receivable   10,939 
Prepaid expenses   200,651 
Property and equipment   37,841 
Intangible assets   7,758,000 
Accounts payable, accruals, and other liabilities   (1,137,814)
Deferred tax liability   (1,629,180)
Total net assets acquired  $6,241,426 
      
Goodwill  $11,985,146 

 

Schedule of Estimate of Fair Value The provisional estimate of fair value of the consideration consists of the following:
   Fair Value 
Shares issued  $6,055,409 
Shares to be issued   3,747,209 
Replacement awards   15,578 
Contingent consideration (liability) – retention payments   3,491,741 
Contingent consideration (equity) – milestone 1   2,490,152 
Contingent consideration (equity) – milestone 2   2,356,483 
Contingent consideration payable   70,000 
Total consideration  $18,226,572 
Schedule of Contingently Issuable Shares The following table shows the breakdown of the contingently issuable shares:
   Number of
Shares
 
Contingent consideration   903,689 
Share-based compensation (Note 13)   596,311 
Total contingently issuable shares   1,500,000