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 |
|
|