|
|
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 |
|