MERGER AND SUBSEQUENT SALE (Tables)

12 Months Ended

Dec. 31, 2019

MERGER AND SUBSEQUENT SALE (Tables)

the total value of the consideration paid

Cash	$	35,822
Accounts receivable		22,235
Property and equipment, net		4,271
Accounts payable		(74,680	)
Accrued expenses		(14,176	)
Deferred revenue		(27,037	)
Loans payable		(60,000	)
Net liabilities		(113,565	)
Intangible assets:
Intellectual property		37,000
Customer base		79,000
Tradename/marks		8,000
Non-compete agreements		1,000
Goodwill		4,934,429
Total	$	4,945,864

Assets and liabilities reclassified

ASSETS
Current assets from discontinued operations:
Cash	$	37,182
Accounts receivable		3,434
Prepaid expenses		3,635
Total current assets from discontinued operations	$	44,251
Non-current assets from discontinued operations:
Property and equipment, net	$	4,076
Intangible assets, net		122,917
Total non-current assets from discontinued operations	$	126,993

LIABILITIES
Current liabilities from discontinued operations:
Accounts payable	$	77,876
Accrued expenses		16,941
Deferred revenue		25,178
Total current liabilities from discontinued operations	$	120,535