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Acquisition (Tables)
3 Months Ended
Mar. 31, 2021
Schedule of Proforma for Business Acquisition

The following table shows pro-forma results for the three months ended March 31, 2020 as if the acquisition had occurred on January 1, 2020. These unaudited pro forma results of operations are based on the historical financial statements and related notes of Rohuma, Mimo and the Company.

 

   

 

For the three months ended March 31, 2021

   

For the

three months ended

March 31, 2020

 
Revenues   $ 469,404     $ 362,011  
Net income (loss)   $ (1,408,446 )   $ (305,904 )
Net income (loss) per share   $ (0.05 )   $ (0.01 )
Rohuma, LLC [Member]  
Schedule of Business Acquisition

The Company acquired the assets and liabilities noted below in exchange for the shares noted herein and accounted for the acquisition in accordance with ASC 805.

 

Cash   $ 6,027  
Accounts receivables, net     4,179  
Prepaid expenses and other current assets     8,943  
Fixed assets     4,512  
Investment     1,440  
Accounts payable and accrued expenses     (58,153 )
Accrued duties and taxes     (2,688 )
Cash overdraft     (2,980 )
Debt – related parties     (37,776 )
Debt     (10,000 )
    $ (86,496 )
MIMO Technologies PVT Ltd [Member]  
Schedule of Business Acquisition

The Company acquired the assets and liabilities noted below in exchange for the warrants noted herein and accounted for the acquisition in accordance with ASC 805.

 

Cash   $ 43,851  
Accounts receivables, net     58,692  
Prepaid expenses and other current assets     272,872  
Fixed and intangible assets     153,186  
Accounts payable and accrued expenses     (708,833 )
Accrued payroll and related taxes     (104,750 )
Accrued duties and taxes     (28,213 )
Comprehensive income     (42,735 )
Debt – related parties     (343,118 )
Debt     (236,712 )
    $ (935,760 )