Quarterly report pursuant to Section 13 or 15(d)

The Business (Tables)

v3.20.4
The Business (Tables)
6 Months Ended
Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger
  I. Purchase Price

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