ACQUISITION OF MOTHER EARTH'S STOREHOUSE, INC. (Tables)

6 Months Ended

Jun. 30, 2022

ACQUISITION OF MOTHER EARTH'S STOREHOUSE, INC. [Abstract]

Preliminary Purchase Price Allocation for Mother Earth's Storehouse, Inc.

The following table summarizes the approximate purchase price allocation based on estimated fair values of the net assets acquired at the acquisition date:

Purchase Consideration
Cash Consideration paid	$	5,150,000
Purchase price allocation
Inventory		805,000
Property and equipment		1,278,000
Intangible assets		1,609,000
Right of use asset - operating lease		1,797,667
Other liabilities		(283,000)
Operating lease liability		(1,797,667)
Goodwill		1,741,000
Net assets acquired	$	5,150,000
Finite-lived intangible assets
Trade Names/Trademarks	$	513,000
Customer Relationships		683,000
Non-Compete Agreement		413,000
Total intangible assets	$	1,609,000