ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Business Combinations

The purchase price calculation is a follows:
Cash	$	2,079,525
Liabilities	140,257
	$	2,219,782
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of purchase:
Accounts receivable	$	207,145
Inventory	1,119,143
Intangible assets	990,000
Goodwill	17,681
Accounts payable	(114,187)
	$	2,219,782

The purchase price calculation is as follows:
Cash	$	2,419,371
Stock	1,020,000
	$	3,439,371
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of purchase:
Cash	$	172,850
Accounts receivable	324,989
Inventory	269,746
Prepaid expenses	13,180
Property and equipment	126,000
Intangible assets	1,110,000
Goodwill	1,564,000
Accounts payable	(134,956)
Accrual liabilities	(6,438)
	$	3,439,371