Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.19.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2018
Betty's Eddies [Member]  
Schedule of Fair Value of the Assets Acquired On the Acquisition

The following table summarizes the allocation of the purchase price to the fair value of the assets acquired on the acquisition date:

 

Inventory   $ 46,544  
Machinery and equipment     130,255  
Goodwill     333,201  
Total fair value of consideration   $ 510,000  

iRollie LLC [Member]  
Schedule of Fair Value of the Assets Acquired On the Acquisition

The following table summarizes the allocation of the purchase price to the fair value of the assets acquired:

 

Cash and cash equivalents   $ 13,494  
Goodwill     266,682  
Total fair value of consideration   $ 280,176  

ARL Healthcare Inc [Member]  
Schedule of Fair Value of the Assets Acquired On the Acquisition

The following table summarizes the allocation of the purchase price to the fair value of the assets acquired and liabilities assumed on the acquisition date:

 

Equipment   $ 21,000  
Cannabis licenses     180,000  
Accounts payable     (120,689 )
Due to related parties     (92,765 )
Total identifiable net assets     (7,454 )
Goodwill     731,902  
Total fair value of consideration   $ 724,448