Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.19.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
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

 

 

Schedule of proforma consolidated income statement

    March 31, 2018  
Revenue   $ 2,088,200  
Earnings   $ 389,100