Quarterly report pursuant to Section 13 or 15(d)

Merger (Tables)

v3.21.2
Merger (Tables)
6 Months Ended
Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Purchase price
       
Purchase price:        
Cash paid to seller   $ 6,149,343  
Contingent Consideration - shares     4,950,000  
Total purchase price     11,099,343  
         
Assets acquired:        
Cash     212,068  
Accounts Receivable     1,389,263  
Prepaid Expenses     127,574  
Fixed Assets     4,986  
Website and Digital Assets     33,002  
Security Deposits     22,500  
Total assets acquired     1,789,393  
         
Liabilities assumed:        
Accounts payable and accrued expenses     514,354  
Deferred Revenue     68,736  
PPP Loan Payable     307,300  
Total liabilities assumed     890,390  
         
Net assets acquired     899,003  
         
Excess purchase price   $ 10,200,340  
Schedule of unaudited pro-forma
   
    Three Months Ended
    June 30,
2020
Revenues   $ 4,612,967  
Net income attributable to common shareholders   $ 437,524  
Net income per share   $ 0.12  
Weighted average number of shares outstanding     3,751,825  

 

         
    Six Months Ended
    June 30,
2020
Revenues   $ 9,613,734  
Net income attributable to common shareholders   $ 304,889  
Net income per share   $ 0.08  
Weighted average number of shares outstanding     3,751,825  

 

         
    Three Months Ended
    June 30,
2021
Revenues   $ 7,759,779  
Net income attributable to common shareholders   $ 1,288,367  
Net income per share   $ 0.41  
Weighted average number of shares outstanding     3,751,825  

 

         
    Six Months Ended
    June 30,
2021
Revenues   $ 14,270,565  
Net income attributable to common shareholders   $ 1,202,704  
Net income per share   $ 0.32  
Weighted average number of shares outstanding     3,751,825