COMMON CONTROL MERGER OF ZOOM CONNECTIVITY, INC. (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the historical balances of the assets acquired and liabilities assumed as of October 9, 2020:

Assets acquired
Cash and cash equivalents	$	501,845
Accounts receivable, net		60,301
Inventories		192,688
Total current assets acquired		754,834
Equipment, net		4,550
Operating lease right-of-use asset, net		24,437
Goodwill		58,872
Intangible assets, net		97,122
Other assets		45,810
Total assets acquired	$	985,625
Liabilities assumed
Accounts Payables	$	46,392
Current maturities of long-term debt		554,500
Current maturities of operating lease liabilities		24,437
Accrued other expenses		97,679
Total current liabilities	$	723,008
Net Assets	$	262,617