SCHEDULE OF PURCHASE CONSIDERATION (Details) |
Apr. 01, 2023
USD ($)
shares
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Applied Asset Purchase | |
Cash Closing Consideration | $ 9,750,000 |
Fair value of Stock Closing Consideration | $ 3,089,645 |
Equity Shares | shares | 73,809 |
Fair value of Installment Payments | $ 2,040,808 |
Cash paid for inventory | 30,007 |
Fair value of Petito Services Agreement defined payments | 825,834 |
Fair value of Petito Services Agreement contingent consideration | 893,000 |
Direct transaction costs | 162,743 |
Total purchase consideration | $ 16,792,037 |
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- Definition Asset acquisition consideration transferred cash paid for inventory No definition available.
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- Definition Asset acquisition consideration transferred equity shares No definition available.
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- Definition Asset acquisition consideration transferred fair value of installment payments No definition available.
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- Definition Asset acquisition consideration transferred fair value of petito services defined payments No definition available.
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- Definition Asset acquisition consideration transferred fair value of stock closing consideration No definition available.
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- References No definition available.
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- Definition Amount of consideration transferred in asset acquisition. Includes, but is not limited to, cash, liability incurred by acquirer, and equity interest issued by acquirer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of contingent consideration recognized as part of consideration transferred in asset acquisition. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of tangible and intangible assets included as part of consideration transferred in asset acquisition, classified as other. Excludes cash. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of transaction cost incurred as part of consideration transferred in asset acquisition. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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