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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Acquisitions [Abstract]  
Schedule of components of the purchase price
Purchase price:    
Cash paid to seller  $300,000 
Fair value of equity investment purchased on June 1, 2021   175,000 
Total purchase price   475,000 
      
Assets acquired:     
Cash   5,232 
Accounts Receivable   7,645 
Inventory   19,970 
Total assets acquired   32,847 
      
Liabilities assumed:     
Accounts payable and accrued expenses   5,309 
Deferred Revenue   671 
Total liabilities assumed   5,980 
      
Net assets acquired   26,867 
      
Non-controlling interest in consolidated subsidiary   56,865 
      
Excess purchase price  $504,998 

 

Purchase price:    
Cash paid to seller  $144,750 
Shares granted to seller   893,521 
Total purchase price   1,038,271 
      
Assets acquired:     
Cash   26,575 
Accounts Receivable   446,272 
Total assets acquired   472,847 
      
Liabilities assumed:     
Accounts payable and accrued expenses   353,017 
Total liabilities assumed   353,017 
      
Net assets acquired   119,830 
      
Non-controlling interest in consolidated subsidiary   1,190,000 
      
Excess purchase price  $2,108,442 

 

Purchase price:    
Shares granted to seller  $424,698 
Fair value of equity investment purchased before October 4, 2021   307,665 
Total purchase price   732,363 
      
Assets acquired:     
Cash   186,995 
Inventory   47,250 
Total assets acquired   234,246 
      
Liabilities assumed:     
Accounts payable   40,000 
Total liabilities assumed   40,000 
      
Net assets acquired   194,246 
      
Non-controlling interest in consolidated subsidiary   720,581 
      
Excess purchase price  $1,258,698 

 

Purchase price:    
Cash paid to seller  $1 
Total purchase price   1 
      
Assets acquired:     
Cash   44,977 
Accounts Receivable   2,676 
Inventory   194,365 
Total assets acquired   242,018 
      
Liabilities assumed:     
Accounts payable and accrued expenses   127,116 
Notes payable   293,888 
Total liabilities assumed   421,004 
      
Net liabilities acquired   (178,986)
      
Excess purchase price  $178,987 

  

Purchase price:    
Cash paid to seller  $150,000 
Total purchase price   150,000 
      
Assets acquired:     
Cash   73,344 
Inventory   46,375 
Total assets acquired   119,719 
      
Liabilities assumed:     
Accounts payable and accrued expenses   1,316 
Notes payable   75,000 
Total liabilities assumed   76,316 
      
Net assets acquired   43,403 
Excess purchase price  $106,596 

 

Schedule of excess purchase price amounts
Goodwill  $7,198 
Trade Names & Trademarks   100,000 
Know-How and Intellectual Property   316,500 
Website   51,300 
Customer Relationships   30,000 
      
Excess purchase price  $504,998 

 

Goodwill  $1,349,697 
Trade Names & Trademarks   85,945 
Non-Compete Agreements   45,190 
Influencers / Customers   627,610 
Excess purchase price  $2,108,442 

 

Goodwill  $64,230 
Trade Names & Trademarks   208,304 
Know-How and Intellectual Property   858,300 
Website   127,864 
Excess purchase price  $1,258,698 

 

Goodwill  $12,691 
Trade Names & Trademarks   19,970 
Know-How and Intellectual Property   107,633 
Customer Relationships   38,693 
Excess purchase price  $178,987 

 

Goodwill  $46,460 
Trade Names & Trademarks   16,705 
Know-How and Intellectual Property   16,704 
Website   16,704 
Customer Relationships   10,023 
      
Excess purchase price  $106,596 

 

Schedule of unaudited pro-forma combined results of operations
   Year
Ended
 
   2021 
Revenues  $6,492,696 
Net loss attributable to common shareholders  $(44,422,150)
Net loss per share  $(3.43)
Weighted average number of shares outstanding   12,934,549 

 

   Year
Ended
 
   2022 
Revenues  $5,482,827 
Net loss attributable to common shareholders  $(36,638,249)
Net loss per share  $(1.66)
Weighted average number of shares outstanding   22,092,836