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Acquisition (Tables)
12 Months Ended
Dec. 31, 2021
Acquisition (Tables)  
Schedule of Assets Acquired of Purchase Price

Description

 

Amount

 

 

 

 

 

Assets

 

 

 

Cash

 

$13,136

 

Account receivables

 

 

93,970

 

Prepaids

 

 

2,594

 

Deposits

 

 

21,419

 

Intangible assets, trademarks/tradenames

 

 

114,000

 

Intangible assets, customer relationships

 

 

345,000

 

Fixed assets - net

 

 

30,697

 

 

 

 

 

 

Liabilities

 

 

 

 

Account payables

 

 

(345,057)

Accrued liabilities

 

 

(1,939)

 

 

 

 

 

Net assets

 

 

273,820

 

 

 

 

 

 

Goodwill

 

 

1,282,072

 

 

 

 

 

 

Total Purchase Price

 

$1,555,892

 

Description

 

Amount

 

 

 

 

 

Assets

 

 

 

Cash

 

$988,870

 

Account receivables

 

 

395,144

 

Inventories

 

 

486,736

 

Prepaid expenses

 

 

93,727

 

Fixed assets - net

 

 

247,038

 

Right-of-use assets

 

 

609,511

 

Other assets

 

 

13,268

 

 

 

 

 

 

Liabilities

 

 

 

 

Account payables

 

 

(562,778)

Accrued liabilities

 

 

(653,289)

Operating lease liabilities

 

 

(609,511)

 

 

 

 

 

Net assets

 

 

1,008,716

 

 

 

 

 

 

Goodwill

 

 

3,491,284

 

 

 

 

 

 

Total Purchase Price

 

$4,500,000

 

Pro Forma Results