Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.19.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2019
iRollie LLC [Member]  
Schedule of Fair Value of Assets Acquired on 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 Assets Acquired on 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     185,000  
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  
Meditaurus LLC [Member]  
Schedule of Fair Value of Assets Acquired on Acquisition

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  
Tradename and customer lists     3,411,469  
Accounts payable     (777 )
Total value of MediTaurus     4,000,000  
Noncontrolling interests in MediTaurus     (1,200,000 )
Total fair value of consideration   $ 2,800,000