BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of allocation of purchase price

The following table provides the allocation of the total purchase price of $5.9 million ($7.9 million less $2 million collected and to be collected from escrow) to the identifiable tangible and intangible assets and liabilities of WMI based on their respective fair values. The remaining useful lives represent the period over which acquired tangible and intangible assets with a finite life are being depreciated or amortized.

	Fair Values			Estimated Useful Lives
Other current assets	$	1,250,523			—
Accounts receivable		1,670,931			—
Inventory		4,726,110			—
Property plant & equipment		901,000			5 to 7 Years
Current liabilities		(4,932,818	)		—
Intangible		500,000			4 Years
Goodwill		1,784,254			—
Total	$	5,900,000

Schedule of pro forma revenue and net income

The following table presents the unaudited pro forma revenue and net income for the period presented as if the WMI Acquisition had occurred on January 1, 2018:  

	Year Ended December 31, 2018 Restated
Revenue	$	84,217,706
Net loss	$	(6,567,859	)