| |
|
Amount |
| Consideration |
|
|
|
|
|
3,018,461 shares of common stock at fair market value |
|
$ |
1,735,615 |
|
| Total purchase consideration |
|
$ |
1,735,615 |
|
| |
|
|
|
|
| Recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
|
| Cash |
|
$ |
94,450 |
|
| Accounts receivable – Related party |
|
|
555,634 |
|
| Other Current assets |
|
|
22,377 |
|
| Property and equipment |
|
|
36,135 |
|
| Right-of-use assets |
|
|
47,335 |
|
| |
|
$ |
755,931 |
|
| Less: liabilities assumed |
|
|
|
|
| Current liabilities assumed |
|
$ |
(425,882 |
) |
| Related party payables |
|
|
(130,278 |
) |
| Operating lease liabilities |
|
|
(47,335 |
) |
| Non-current liabilities assumed |
|
|
(171,051 |
) |
| |
|
$ |
(774,546 |
) |
| Net identifiable assets acquired and liabilities assumed |
|
|
(18,615 |
) |
| Goodwill |
|
|
1,754,230 |
|
| |
|
$ |
1,735,615 |
|