Acquisition of subsidiaries (Tables)

3 Months Ended

Mar. 31, 2022

Acquisition Of Subsidiaries

Schedule of assets acquired and liabilities assumed

	Amount
Consideration
Cash		50,000
100,000,000 shares of common stock at fair market value		410,000
Total purchase consideration	$	460,000
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash		60,324
Other Current assets		198,133
Property, plant and equipment		130,234
Right of use asset		1,772,560
Intangibles		1,789,903
Total assets		3,951,154
Less: liabilities assumed
Current liabilities assumed		(50,040	)
Intercompany advance		(1,140,985	)
Operating lease liabilities assumed		(1,836,151	)
Imputed Deferred taxation on identifiable intangible acquired		(310,645	)
Total liabilities		(3,337,821	)
Net identifiable assets acquired and liabilities assumed		613,333
Fair value of non-controlling interest		(153,333	)
Total	$	460,000

Schedule of revenue and earnings

	Revenue		Earnings
Actual from January 1, 2022 to March 31, 2022	$	991,941	$	84,070
2021 Supplemental pro forma from January 1, 2021 to March 31, 2021	$	495,081	$	(2,651,152	)