ACQUISITION OF INDIEFLIX GROUP, INC. (Tables)

12 Months Ended

Nov. 30, 2021

Acquisition Of Indieflix Group Inc.

Schedule of Weighted average expected number of shares to vest

		November 30, 2021		September 22, 2021
Weighted average expected number of shares to vest
Low Case		150,000		150,000
Base Case		600,000		600,000
High Case		280,000		280,000
Expected number of shares to vest		1,030,000		1,030,000
Liquid share price	$	1.24	$	1.60

Schedule of estimate of the fair value of net assets acquired

	Total
	$
Consideration:
Common shares	799,994
IndieFlix Contingent Consideration	1,648,000
Total unadjusted purchase price	2,447,994
Cash acquired	(21,076	)
Total purchase price, net of cash acquired	2,426,918
Allocated as follows:
Accounts receivable	188,278
Inventory	105
Prepaids	8,335
Right-of-use asset	144,702
Accounts payable	(606,560	)
Deferred revenue	(251,435	)
Lease liability	(144,702	)
Loans payable	(508,255	)
Long-term debt	(156,625	)
Intangible assets – distribution libraries	3,695,673
Goodwill	833,493
Deferred income taxes	(776,091	)
Total	2,426,918