Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

Acquisition (Tables)
12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Common Stock, and Contingent Cash Consideration

At the closing of the Transaction, the aggregate fair value of purchase consideration was $9,955,699, consisting of $1,925,000 of cash, the Company’s common stock (9,200,000 shares), and warrants to purchase the Company’s common stock, as follows:


    Fair Value  
Cash - Initial Cash Payment   $ 1,925,000  
Equity - Common Stock     4,627,600  
Equity - Warrants     3,403,099  
Total fair value of consideration   $ 9,955,699