ACQUISITIONS, GOODWILL, INTANGIBLE ASSETS, AND INVESTMENTS (Tables)
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9 Months Ended |
12 Months Ended |
Sep. 30, 2023 |
Dec. 31, 2022 |
| ACQUISITIONS GOODWILL AND INTANGIBLE ASSETS |
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| Schedule of Estimated Fair value of assets acquired |
Goodwill | | $ | 6,785,416 | | Tangible assets | | | 4,787,928 | | Intangible asset – tradename/trademarks (10-year life) | | | 3,008,100 | | Intangible asset – IP/technology (7-year life) | | | 438,000 | | Intangible asset – non-competes (3-year life) | | | 123,200 | | Total liabilities | | | (7,571,036 | ) | Non-controlling interest | | | (1,506,750 | ) | Total consideration paid for 80.1% interest | | $ | 6,064,858 | |
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Goodwill | | $ | 6,785,416 | | Tangible assets | | | 4,787,928 | | Intangible asset – tradename/trademarks (10-year life) | | | 3,008,100 | | Intangible asset – IP/technology (7-year life) | | | 438,000 | | Intangible asset – non-competes (3-year life) | | | 123,200 | | Total liabilities | | | (7,571,036 | ) | Non-controlling interest | | | (1,506,750 | ) | Total consideration paid for 80.1% interest | | $ | 6,064,858 | |
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| Schedule of Proforma Information |
| | Three months Ended September 30, | | | | 2023 | | | 2022 | | Revenue, net | | $ | 6,914,934 | | | $ | 5,333,803 | | Net loss | | $ | (1,355,700 | ) | | $ | (3,348,902 | ) |
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| | Twelve Months Ended December 31, | | | | 2022 | | | 2021 | | Revenue, net | | $ | 27,385,051 | | | $ | 18,500,837 | | Net loss | | $ | (9,609,240 | ) | | $ | (6,148,422 | ) |
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| Schedule of goodwill |
| | Boston Solar | | | Box Pure Air | | | Total | | Balances as of December 31, 2022: | | $ | 6,785,416 | | | $ | 414,151 | | | $ | 7,199,567 | | Aggregate goodwill acquired | | | - | | | | - | | | | - | | Impairment losses | | | - | | | | - | | | | - | | Balances as of September 30, 2023 | | $ | 6,785,416 | | | $ | 414,151 | | | $ | 7,199,567 | |
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| | Boston Solar | | | Direct Solar America | | | Box Pure Air | | | EnergyWyze | | | Total | | Balances at December 31, 2021: | | $ | - | | | $ | 1,212,969 | | | $ | 414,151 | | | $ | 75,000 | | | $ | 1,702,119 | | Aggregate goodwill acquired | | | 6,785,416 | | | | - | | | | - | | | | - | | | | 6,785,416 | | Impairment losses | | | - | | | | (1,212,969 | ) | | | - | | | | (75,000 | ) | | | (1,287,969 | ) | Balances at December 31, 2022: | | $ | 6,785,416 | | | $ | - | | | $ | 414,151 | | | $ | - | | | $ | 7,199,567 | |
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| Company's intangible assets (excluding goodwill |
| | IP/ Technology | | | Tradename Trademarks | | | Non- Competes | | | Total | | Balances as of December 31, 2022: | | $ | 394,984 | | | $ | 2,801,290 | | | $ | 94,968 | | | $ | 3,291,242 | | Intangibles acquired | | | - | | | | - | | | | - | | | | - | | Less: Amortization | | | 46,926 | | | | 225,612 | | | | 30,798 | | | | 303,336 | | Balances as of September 30, 2023 | | $ | 348,058 | | | $ | 2,575,678 | | | $ | 64,170 | | | $ | 2,987,906 | |
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| | IP/ Technology | | | Tradename Trademarks | | | Non- Competes | | | Other | | | Total | | | Balances at December 31, 2021: | | $ | - | | | $ | - | | | $ | - | | | $ | 34,485 | | | $ | 34,485 | | | Intangibles acquired | | | 438,000 | | | | 3,008,100 | | | | 123,200 | | | | - | | | | 3,569,300 | | | Less: Amortization | | | 43,016 | | | | 206,810 | | | | 28,232 | | | | 34,485 | | | | 312,543 | | | Balances at December 31, 2022 | | $ | 394,984 | | | $ | 2,801,290 | | | $ | 94,968 | | | $ | - | | | $ | 3,291,242 | |
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| ScheduleOfProformaInformationTableTextBlock |
| | Year Ending | | | | December 31, | | 2023 (Remainder) | | $ | 101,112 | | 2024 | | | 404,448 | | 2025 | | | 376,224 | | 2026 | | | 363,384 | | 2027 | | | 363,384 | | Thereafter | | | 1,379,354 | | Total | | $ | 2,987,906 | |
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Estimated amortization expense: | | | | | | Year Ending | | | | December 31, | | 2023 | | $ | 404,448 | | 2024 | | | 404,448 | | 2025 | | | 376,224 | | 2026 | | | 363,384 | | 2027 | | | 363,384 | | Thereafter | | | 1,379,354 | | Total | | $ | 3,291,242 | |
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