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Share Exchange Agreement with United Securities Specialists, Inc. (USS) (Tables)
12 Months Ended
Dec. 31, 2023
Share Exchange Agreement with United Securities Specialists, Inc. (USS)  
Summary of price allocated regarding acquisition

Purchase price (2)

 

$1,000,000

 

Plus: Net liabilities assumed (3)

 

 

2,439,614

 

Intangibles (1)

 

$3,439,614

 

Summary of acquisition

Assets acquired:

 

Cash

 

$21,437

 

Accounts receivable

 

 

206,536

 

Prepaid expenses

 

 

10,487

 

Property and equipment

 

 

199,584

 

Right-of-use asset

 

 

193,839

 

Intangible assets

 

 

99,609

 

Total assets acquired

 

$731,492

 

 

Liabilities assumed:

Accounts payable and accrued expenses

 

$704,637

 

Accrued payroll

 

 

172,366

 

Notes payable – current and non-current

 

 

1,017,771

 

Loan – current and non-current

 

 

1,066,012

 

Operating lease liability – current and non-current

 

 

210,320

 

Total liabilities assumed

 

$3,171,106

 

 

 

 

 

 

Net assets (liabilities) acquired/assumed

 

$(2,439,614 )