|12 Months Ended|
Dec. 31, 2019
|Business Combinations [Abstract]|
Note 6 – Acquisition
On March 15, 2019, the Company entered into and closed an asset purchase agreement with AVX Design & Integration, Inc. (“AVX”) as stated in Note 1. A summary of the purchase price and the purchase price allocations at fair value is below.
(1) – the fair value of the common stock was calculated based on the closing market price of the Company’s common stock at the date of acquisition.
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef