Note 4 - Acquisition Of The Consortium (Tables)

12 Months Ended

Dec. 31, 2018

Table Text Block Supplement [Abstract]

Schedule of business acquisition

Fair Value of Assets Acquired (Liabilities Assumed):
Assets
Cash	$ 8,886
Prepaids	207,704
Total assets	216,590
Liabilities
Accounts payable and accrued liabilities	(246,150)
Convertible notes payable, net of discount	(34,723)
Derivative liability	(743,269)
Related party payable	(19,500)
Total liabilities	(1,043,642)
Net liabilities assumed	$ (827,052)
Total consideration	$ 8,418,901
Plus net liabilities assumed	827,052
Goodwill	$ 9,245,953
Shares issued for the Consortium	31,000,000	75.8 %
NewBridge shares prior to acquisition	9,904,589	24.2 %
Total shares outstanding following the acquisition	40,904,589	100.0 %
Closing price of common stock on July 14, 2018	$ 0.85
Total Value of the Company following the acquisition	34,768,901
Total Consideration (share price x 24.2%)	$ 8,418,901
The consideration is 24.2% of the value of the total shares outstanding following the July 14 acquisition.

The following presents the pro-forma combined results of operations of the Company with the Consortium as if the acquisition occurred on January 1, 2018.

	For the year ended December 31, 2018
Total revenue	$                46,200
Net loss allocable to common stockholders	$         (5,479,349)
Net loss per common share	$                  (0.12)
Weighted-average number of shares outstanding	46,368,458