ACQUISITION-EUROPEAN OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2019

Acquisition european Operations [Abstract]

Schedule of assets acquired at fair market value and liabilities

The Company recorded the acquisition in accordance with ASC-805, pertaining to business combinations. The following table summarizes the consideration paid for Func Food and the amounts of the assets acquired at fair market value and liabilities assumed recognized at the Acquisition date.

Acquisition consideration
Cash	$	14,188,056
Bonds payable		8,356,958
Settlement of pre-existing debt		4,515,687
Total consideration transferred		27,060,701
Assets acquired and liabilities assumed
Accounts receivable	$	1,300,468
Inventories		2,161,067
Prepaid expenses and other current assets		331,774
Property and equipment		616
Right of use asset		806,572
Other long-term assets		101,413
Intangible assets-Customer relationships		14,050,000
Intangible assets-Brands		3,123,000
Accounts payable and accrued expenses		(3,489,080	)
Lease liability Obligations		(817,041	)
Other current liabilities		(532,088	)
Total identifiable net assets	$	17,036,701
Goodwill	$	10,024,000

Schedule of pro-forma consolidated results of operations

The following pro-forma consolidated results of operations have been presented as if the acquisition occurred on January 1, 2018

	For the years
	ended December 31,
Supplemental Pro forma:	2019		2018
Revenues	$	96,078,631	$	82,373,802
Earnings/(loss)		1,714,124		(34,401,626	)