Schedule of purchase price |
|
|
|
|
Purchase price: |
|
|
Cash
paid to the seller |
|
$ |
6,149,343 |
|
Total purchase price |
|
|
6,149,343 |
|
|
|
|
|
|
Tangible 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
Tangible Assets Acquired |
|
|
1,789,393 |
|
|
|
|
|
|
Tangible Liabilities Assumed: |
|
|
|
|
Accounts Payable and Accrued
Expenses |
|
|
514,354 |
|
Deferred Revenue |
|
|
68,736 |
|
Deferred Tax Liability |
|
|
399,631 |
|
PPP Loan
Payable |
|
|
307,300 |
|
Total
Tangible Liabilities Assumed |
|
|
1,290,021 |
|
|
|
|
|
|
Net Tangible
Assets Acquired |
|
|
499,372 |
|
|
|
|
|
|
Excess Purchase Price |
|
$ |
5,649,971
|
|