Acquisition (Tables)

12 Months Ended

Dec. 29, 2019

Business Combinations [Abstract]

Schedule of business acquisition

The total purchase price for the assets was $535,850, consisting of the following:

Cash Consideration:
To seller(1)	$	152,000
Held in escrow(2)	25,000
Market value of stock issued to seller(3)	280,397
Deferred purchase price due in January 2019(4)	75,000
	532,397
Acquisition costs	1,973
Other adjustment	1,480
Total Purchase Price to be allocated	$	535,850

1. The Company previously paid Saban Brands $22,250 for the POWER RANGERS master toy license agreement announced in February 2018 and those amounts were credited to, and included above, in the purchase price.

2. The $25,000 was placed into an escrow account to support customary indemnification obligations of Saban Properties. One-half of the $25,000 in escrow was released on January 3, 2019, and the remaining half was released on the one-year anniversary of the closing date.

3. The Company issued 3,074 shares of Hasbro common stock to Saban Properties, valued at $280,397.

4.

An additional $75,000 was paid in January 2019 with no contingencies.