3. ACQUISITION OF P2KLABS, INC. (Tables)

9 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

ACQUISITION OF P2K LABS, INC. - Consideration

Consideration:	Fair Value
Cash	$	1,155,000
95,699 shares of common stock	$	445,000
26,950 common stock options	$	88,935
Total Consideration	$	1,688,935

ACQUISITION OF P2K LABS, INC. - Purchase Price Allocation

Purchase Price Allocation:
Customer list	$	1,045,000
Design and other assets	$	123,000
Goodwill	$	642,388
Other assets and liabilities assumed, net	$	(121,453)
Total	$	1,688,935

ACQUISITION OF P2K LABS, INC. - Pro Forma Information

	For the Three Months Ended						For the Nine months ended
	June 30, 2020			June 30, 2019			June 30, 2020			June 30, 2019
Net sales	$	3,438,674		$	1,432,942		$	8,445,480		$	2,842,848
Net loss	$	(8,551,301	)	$	(3,948,319	)	$	(16,402,974	)	$	(13,993,029)
Loss per common share - basic and diluted	$	(0.77	)	$	(0.87	)	$	(2.33	)	$	(3.37)
Weighted average common shares outstanding - basic and diluted		11,119,288			4,514,043			7,053,523			4,155,226