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 | |
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