Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.20.1
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of purchase price

    Grow
World
LLC
    Grand
Rapids
Hydro
    Green
Life
Garden
    Chlorophyll     Reno
Hydroponics
    Palm
Springs
Hydroponics
    Total  
Inventory   $ 553,900     $ 1,453,100     $ 1,038,600     $ 1,441,000     $ 238,000     $ 465,500     $ 5,190,100  
Prepaids and other current assets     -               14,100       22,000       -               36,100  
Furniture and equipment     35,000       50,000       100,000       100,000       25,000       25,000       335,000  
Goodwill     696,900       2,376,900       2,305,900       2,596,100       516,300       554,000       9,046,100  
Total   $ 1,285,800     $ 3,880,000     $ 3,458,600     $ 4,159,100     $ 779,300     $ 1,044,500     $ 14,607,300  

 

    Grow
World
LLC
    Grand
Rapids
Hydro
    Green
Life
Garden
    Chlorophyll     Reno
Hydroponics
    Palm
Springs
Hydroponics
    Total  
Cash   $ 1,000,000     $ 2,350,000     $ 2,647,700     $ 3,659,100     $ 525,000     $ 800,000     $ 10,981,800  
Common stock     285,800       1,530,000       810,900       500,000       254,300       244,500       3,625,500  
Total   $ 1,285,800     $ 3,880,000     $ 3,458,600     $ 4,159,100     $ 779,300     $ 1,044,500     $ 14,607,300  
Schedule of revenue and earnings included in consolidated income statement
    Grow
World
LLC
    Grand
Rapids
Hydro
    Green
Life
Garden
    Chlorophyll     Reno
Hydroponics
    Palm
Springs
Hydroponics
    Total  
Acquisition date   12/16/19     9/3/2019     5/14/2019     1/21/2019     2/11/2019     2/7/2019        
Revenue   $ 153,900     $ 2,412,700     $ 4,829,800     $ 6,030,500     $ 2,106,900     $ 3,075,300     $ 18,609,100  
Earnings   $ 6,400     $ 444,500     $ 998,700     $ 936,600     $ 366,742     $ 651,400     $ 3,404,342  
Schedule of proforma consolidated income statement
    December 31,
2018
 
Revenue   $ 59,650,900  
Earnings   $ (2,087,900 )