BUSINESS ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

SCHEDULE OF RECOGNIZED FAIR VALUES OF ASSETS ACQUIRED AND LIABILITIES ASSUMED

Purchase Price Consideration (in thousands)	Total Consideration
Cash payments	$	5,058
Accrued payable to owner		600
Fair value of stock issued (220,103 shares)		2,084
Debt assumed		5,310
Total consideration	$	13,052
Cash	$	666
Accounts Receivable		13,470
Inventory		4,616
Other Assets		5,392
Property and equipment		638
Goodwill		1,758
Trade name		1,893
Customer relationship		3,139
Other intangible assets		899
Assets acquired	$	32,471
Current liabilities assumed		(12,911	)
Non-controlling interest		(6,508	)
Net assets acquired	$	13,052

SCHEDULE OF PROFORMA UNAUDITED REVENUE AND EARNINGS

The following proforma unaudited revenue and earnings as if the acquisition had been included in the consolidated results of the company for the full year ending December 31, 2020.

	September 30,
	2021			2020
	(in thousands/unaudited)
Revenue	$	72,940		$	66,110
Net income (loss)	$	(9,233	)	$	(7,892	)