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INVESTMENTS, ACQUISITIONS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2019
INVESTMENTS, ACQUISITIONS AND GOODWILL  
Fair value of assets acquired

 

Goodwill

 

$

1,966,340

 

Current assets

 

-

 

Current liabilities

 

-

 

Total net assets acquired

 

$

1,966,340

 

The purchase price consists of the following:

 

Cash

 

-

 

Common Stock

 

1,966,340

 

Total purchase price

 

$

1,966,340

 

Schedule of purchase price of assets

 

Goodwill

 

$

400,724

 

Current assets

 

19,934

 

Current liabilities

 

(34,304

)

Total net assets acquired

 

$

386,354

 

The purchase price consists of the following:

 

Cash

 

170,000

 

Common Stock

 

216,354

 

Total purchase price

 

$

386,354

 

Schedule of goodwill

 

 

ShieldSaver

 

JAG

 

SDS

 

Total

 

Balances at December 31, 2017:

 

$

-

 

$

362,261

 

$

-

 

$

362,261

 

Aggregate goodwill acquired

 

400,724

 

-

 

-

 

400,724

 

Impairment losses

 

(400,724

)

 

(362,261

)

 

-

 

(762,985

)

Balances at December 31, 2018:

 

-

 

-

 

-

 

-

 

Aggregate goodwill acquired

 

-

 

-

 

1,966,340

 

1,966,340

 

Impairment losses

 

-

 

-

 

-

 

-

 

Balances at December 31, 2019:

 

$

-

 

$

-

 

$

1,966,340

 

$

1,966,340

 

Schedule of Proforma Information

 

 

Year

Ended

December 31,

 

2019

 

Net revenue

 

$

4,098,382

 

Net loss

 

$

(8,125,411

)

 

 

Year

Ended

December 31,

 

2018

 

Net revenue

 

$

1,156,072

 

Net loss

 

$

(8,125,956

)