Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.23.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Summary of preliminary purchase price allocation and estimated fair value
The following table summarizes the preliminary purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed in the Bayon acquisition at the date of acquisition.
Bayon
Current Assets(1)
$ 5,290 
In-Process R&D 1,063,000 
Goodwill 406,599 
Accounts Payable (36,525)
Deferred Tax Liability (265,808)
Total Consideration $ 1,172,556 
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(1) Current Assets include cash and receivables of $3.9 thousand and $1.4 thousand, respectively.
Summary of business acquisition fair value consideration
Common
Shares
Price per Share(a)
Amount
Contingent consideration at fair value — —  $ 1,007,556 
Cash Consideration — —  97,066 
Kiora Common Stock 845 $ 80.40  67,934 
Total Fair Value of Consideration $ 1,172,556