Annual report pursuant to Section 13 and 15(d)

Summary of Preliminary Purchase Price Allocation of Fair Values of the Assets Acquired and Liabilities Assumed (Details)

v3.22.1
Summary of Preliminary Purchase Price Allocation of Fair Values of the Assets Acquired and Liabilities Assumed (Details) - USD ($)
Dec. 31, 2021
[1]
Jul. 25, 2021
Dec. 31, 2020
[1]
Oct. 16, 2020
Dec. 31, 2019
Business Acquisition [Line Items]          
Cash and cash equivalents       $ 180,489  
Accounts receivable       20,217  
Inventory       492,793  
Other current assets       346,095  
Intangible assets       3,600,000  
Goodwill $ 121,580,144   $ 5,983,852 591,729 $ 5,392,123
Total assets acquired       5,231,323  
Notes payable       62,500  
Current liabilities       573  
Total liabilities assumed       63,073  
Total net assets acquired       $ 5,168,250  
Lomotif Private Limited [Member]          
Business Acquisition [Line Items]          
Cash and cash equivalents   $ 1,238,800      
Other current assets   244,426      
Property and equipment   91,007      
Intangible assets   27,000,000      
Goodwill   116,188,021      
Total assets acquired   144,762,254      
Debt   4,650,000      
Notes payable   918,665      
Accrued expenses and other liabilities   1,987,340      
Total liabilities assumed   7,556,004      
Noncontrolling interest   (27,441,250)      
Total net assets acquired   $ 109,765,000      
[1] The assets of the variable interest entities (the “VIEs”) can be used to settle obligations of the consolidated entities. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 4).