ACQUISITIONS (Tables) - VirBELA LLC

12 Months Ended

Dec. 31, 2019

Schedule of allocation of purchase prince

The following table shows the allocation of the purchase price of VirBELA to the acquired identifiable assets, and goodwill:

Accounts receivable	$	4,273
Inventory		968
Fixed assets		23,452
Intangible assets		2,331,000
Goodwill		8,248,107
Total purchase price	$	10,607,800

Schedule of intangible assets acquired

The purchase price allocation to identifiable intangible assets acquired in the VirBELA acquisition was:

Tradename	$	1,169,000
Existing Technology		297,000
Non-competition agreements		125,000
Customer contracts		740,000
Total intangible assets purchased	$	2,331,000