General form of registration statement for all companies including face-amount certificate companies

12. Acquisition (March 2019 Note) (Tables)

v3.19.2
12. Acquisition (March 2019 Note) (Tables)
 3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Purchase Price and Allocation of Purchase
Purchase price        
Cash   $ 550,000  
29,286 shares of common stock (1)     290,716  
Secured promissory note     50,000  
Total purchase price   $ 890,716  

 

Allocation of purchase price        
Cash   $ 201,482  
Accounts receivable     436,554  
Inventories     11,282  
Prepaid expenses     2,478  
Property and equipment     10,381  
Operating lease right-of-use assets     186,449  
Deposits     5,968  
Goodwill     307,572  
Accounts payable and accrued liabilities     (73,787 )
Operating lease liability     (197,663 )
Purchase price   $ 890,716  
Pro Forma Statement of Operations Data
    Three months ended March 31,  
    2019     2018  
Sales   $ 838,293     $ 402,570  
Cost of Revenue     260,413       165,666  
Gross profit     577,880       236,904  
Operating expenses     743,502       317,485  
Loss from operations     (165,622 )     (80,581 )
Net loss     (165,738 )     (134,910 )
Loss per share   $ –     $ –