| Schedule of Purchase price |
| 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 |
| 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 |
|
|