Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.20.1
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2020
KPG of Anna LLC and KPG of Harrisburg LLC [Member]  
Schedule of Fair Value of Assets Acquired on Acquisition

The acquisition was accounted for in accordance with ASC 805. 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:

 

Cash and cash equivalents   $ 443,980  
Inventory     113,825  
Intangibles     2,067,727  
Minority interests     138,356  
Accounts payable     (642,033 )
Accrued expenses     (186,005 )
Due to third parties     (1,020,850 )
Total fair value of consideration   $ 915,000  

MediTaurus LLC [Member]  
Schedule of Fair Value of Assets Acquired on Acquisition

The acquisition was accounted for in accordance with ASC 10. The following table summarizes the allocation, adjusted in September 2019, of the purchase price to the fair value of the assets acquired and liabilities assumed on the acquisition date:

 

Cash and cash equivalents   $ 64,196  
Accounts receivable     5,362  
Inventory     519,750  
Goodwill     2,662,669  
Accounts payable     (777 )
Total value of MediTaurus     3,251,200  
Noncontrolling interests in MediTaurus     (975,360 )
Total fair value of consideration   $ 2,275,840