Quarterly report pursuant to Section 13 or 15(d)

12. Acquisition (Tables)

v3.19.2
12. Acquisition (Tables)
6 Months Ended
Jun. 30, 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