ACQUISITION OF TOPPOP (Tables)

9 Months Ended

Sep. 30, 2021

ACQUISITION OF TOPPOP (Tables)

Schedule of Fair value of the acquisition

	Preliminary Allocation as of July 26, 2021
Cash	$	447,230
Accounts receivable		5,432,608
Furniture and equipment		1,848,580
Inventory		1,194,936
Right-of-use asset		620,219
Equipment deposit		320,810
Security deposit		131,529
Accounts payable		(2,432,621	)
Notes payable		(5,936,323	)
Operating lease liability		(628,218	)
Deferred revenue		(394,759	)
Net Tangible Assets	$	603,991
Tradename / Trademarks		6,121,400
IP/Technology		874,000
Non-compete agreement		2,290,200
Customer Base		13,929,000
Total assets acquired	$	23,214,600
Consideration:
Cash at closing		3,995,000
Fair value of common stock		10,143,744
Contingent consideration		21,129,464
Note payable		5,042,467
Goodwill	$	16,492,086