Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger |
|
A. |
The Share Exchange Agreement |
|
Cash |
|
|
$ |
24,704 |
|
|
Goodwill |
|
|
|
93,050 |
|
|
Total |
|
|
$ |
117,754 |
|
|
C. |
Merger Agreement with Rotor Riot, LLC |
Shares issued |
|
$ |
1,820,114 |
|
Promissory note issued |
|
$ |
175,000 |
|
Total Purchase Price |
|
$ |
1,995,114 |
|
|
II. |
Purchase
Price Allocation |
Assets Acquired |
|
|
Cash |
|
$ |
21,623 |
|
Accounts receivable |
|
|
28,500 |
|
Other assets |
|
|
3,853 |
|
Inventory |
|
|
127,411 |
|
Trademark |
|
|
20,000 |
|
Brand Name |
|
|
578,000 |
|
Customer Relationships |
|
|
39,000 |
|
Goodwill |
|
|
1,756,023 |
|
Total assets acquired |
|
$ |
2,574,410 |
|
|
|
|
|
|
Liabilities
Assumed |
|
|
|
|
Accounts Payable and accrued expenses |
|
$ |
171,651 |
|
Notes payable |
|
|
209,799 |
|
Due to Related Party |
|
|
197,846 |
|
Total liabilities assumed |
|
|
579,296 |
|
Net assets acquired |
|
$ |
1,995,114 |
|
Shares issued |
|
$ |
6,351,076 |
|
Promissory note issued |
|
|
1,753,000 |
|
Cash |
|
|
250,000 |
|
Total Purchase Price |
|
$ |
8,354,076 |
|
|
II. |
Purchase
Price Allocation |
Assets Acquired |
|
|
Cash |
|
$ |
201,632 |
|
Accounts receivable |
|
|
249,159 |
|
Other assets |
|
|
384,232 |
|
Inventory |
|
|
223,380 |
|
Goodwill |
|
|
7,600,260 |
|
Total assets acquired |
|
$ |
8,658,663 |
|
|
|
|
|
|
Liabilities
Assumed |
|
|
|
|
Accounts Payable and accrued expenses |
|
$ |
279,393 |
|
Customer Deposits |
|
|
25,194 |
|
Total liabilities assumed |
|
|
304,587 |
|
Net assets acquired |
|
$ |
8,354,076 |
|
|
|
A. |
The Share Exchange Agreement |
|
Cash |
|
|
$ |
24,704 |
|
|
Goodwill |
|
|
|
93,050 |
|
|
Total |
|
|
$ |
117,754 |
|
|
C. |
Merger Agreement with Rotor Riot, LLC |
Shares issued |
|
$ |
1,820,114 |
|
Promissory note issued |
|
$ |
175,000 |
|
Total Purchase Price |
|
$ |
1,995,114 |
|
|
II. |
Purchase Price Allocation |
Assets Acquired |
|
|
Cash |
|
$ |
21,623 |
|
Accounts receivable |
|
|
28,500 |
|
Other assets |
|
|
3,853 |
|
Inventory |
|
|
127,411 |
|
Trademark |
|
|
20,000 |
|
Goodwill |
|
|
2,373,023 |
|
Total assets acquired |
|
|
2,574,410 |
|
|
|
|
|
|
Liabilities Assumed |
|
|
|
|
Accounts Payable and accrued expenses |
|
$ |
171,651 |
|
Notes payable |
|
$ |
209,799 |
|
Due to Related Party |
|
$ |
197,846 |
|
Total liabilities assumed |
|
$ |
579,296 |
|
Net assets acquired |
|
$ |
1,995,114 |
|
|