Business Combinations (Tables)

3 Months Ended

Sep. 30, 2021

Business Combinations [Abstract]

Schedule of purchase price allocations at fair value

Cash	$	708,737
Accounts receivable		6,422,850
Advances to suppliers		1,803,180
Prepaid expenses and other current assets		807,645
Inventories		7,787,043
Machinery and equipment		140,868
Intangible assets		270,900
Other assets		3,404,741
Goodwill		3,158,179
Accounts payable		(3,962,670	)
Customer deposits		(3,486,150	)
Accrued expenses and other payables		(4,653,324	)
Taxes payable		(16,912	)
Purchase price	$	12,385,087

Working Capital	$	941,192
Machinery and equipment		222,875
Intangible assets		1440
Goodwill		684,400
Customer Relationship		522,028
Non-compete Agreement		392,852
Purchase price	$	2,764,787

Working Capital	$	1,179,352
Intangible assets		896,559
Customer Relationship		684,727
Non-compete Agreement		211,833
Goodwill		538,488
Total Asset	$	2,614,401

Working Capital	$	(1,135,366	)
Intangible Assets		28,050
Long-term equity investment		139,320
Goodwill		1,257,784
Total Asset		288,898

Working Capital	$	2,930,551
Intangible assets		23,890
Goodwill		316,200
Total Asset	$	3,270,641

Schedule of purchase consideration paid

Cash	$	5,568,500
Convertible notes		6,671,769
Derivative liability		144,818
	$	12,385,087

Cash	$	1,201,888
Convertible notes		1,559,350
Derivative liability		3,549
	$	2,764,787

Cash	$	461,330
Interest Payable		83,039
Convertible notes		1,724,683
Derivative liability		13,353
Total Payback	$	2,282,406
Net (Loss)	$	(331,995	)

Cash	$	286,380
Total Payback	$	286,380
Net Gain (Loss)		(2,518	)

Cash	$	3,781,764
Total Payback	$	3,781,764
Net Gain (Loss)		511,123