GrowGeneration Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

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	)