| Schedule of purchase price |
| |
|
Chlorophyll |
|
|
Reno Hydroponics |
|
|
Palm Springs Hydroponics |
|
|
Total |
|
| Inventory |
|
$ |
1,441,000 |
|
|
$ |
238,000 |
|
|
$ |
465,500 |
|
|
$ |
2,144,500 |
|
| Prepaids and other current assets |
|
|
22,000 |
|
|
|
- |
|
|
|
|
|
|
|
22,000 |
|
| Furniture and equipment |
|
|
100,000 |
|
|
|
25,000 |
|
|
|
25,000 |
|
|
|
150,000 |
|
| Goodwill |
|
|
2,596,100 |
|
|
|
516,300 |
|
|
|
554,000 |
|
|
|
3,666,400 |
|
| Total |
|
$ |
4,159,100 |
|
|
$ |
779,300 |
|
|
$ |
1,044,500 |
|
|
$ |
5,982,900 |
|
| |
|
Chlorophyll |
|
|
Reno Hydroponics |
|
|
Palm Springs Hydroponics |
|
|
Total |
|
| Cash |
|
$ |
3,659,100 |
|
|
$ |
525,000 |
|
|
$ |
800,000 |
|
|
$ |
4,984,100 |
|
| Common stock |
|
|
500,000 |
|
|
|
254,300 |
|
|
|
244,500 |
|
|
|
998,800 |
|
| Total |
|
$ |
4,159,100 |
|
|
$ |
779,300 |
|
|
$ |
1,044,500 |
|
|
$ |
5,982,900 |
|
|
| Schedule of revenue and earnings included in consolidated income statement |
| |
|
Chlorophyll |
|
|
Reno Hydroponics |
|
|
Palm Springs Hydroponics |
|
|
Total |
|
| Acquisition date |
|
|
1/21,2019 |
|
|
|
2/11/2019
|
|
|
|
2/7/2019
|
|
|
|
|
|
| Revenue |
|
$ |
3,450,600 |
|
|
$ |
1,594,900 |
|
|
$ |
121,500 |
|
|
$ |
5,167,000 |
|
| Earnings |
|
$ |
613,000 |
|
|
$ |
165,300 |
|
|
$ |
5,800 |
|
|
$ |
784,100
|
|
|