Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.19.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2019
Business Combinations [Abstract]  
Schedule of purchase price
    Green Life Garden     Chlorophyll     Reno Hydroponics     Palm Springs Hydroponics     Total  
Inventory   $ 1,038,600     $ 1,441,000     $ 238,000     $ 465,500     $ 3,183,100  
Prepaids and other current assets     14,100       22,000       -               36,100  
Furniture and equipment     100,000       100,000       25,000       25,000       250,000  
Goodwill     2,305,900       2,596,100       516,300       554,000       5,972,300  
Total   $ 3,458,600     $ 4,159,100     $ 779,300     $ 1,044,500     $ 9,441,500  

 

    Green Life Garden     Chlorophyll     Reno Hydroponics     Palm Springs Hydroponics     Total  
Cash   $ 2,647,700     $ 3,659,100     $ 525,000     $ 800,000     $ 7,631,800  
Common stock     810,900       500,000       254,300       244,500       1,809,700  
Total   $ 3,458,600     $ 4,159,100     $ 779,300     $ 1,044,500     $ 9,441,500  

Schedule of revenue and earnings included in consolidated income statement
    Green Life Garden     Chlorophyll     Reno Hydroponics     Palm Springs Hydroponics     Total  
Acquisition date   5/14/2019     1/21,2019     2/11/2019     2/7/2019        
Revenue   $ 1,056,200     $ 3,450,600     $ 880,400     $ 1,326,400     $ 6,713,600  
Earnings   $ 234,700     $ 613,000     $ 151,100     $ 271,600     $ 1,270,400  
Schedule of proforma consolidated income statement
    June 30,
2018
 
Revenue   $ 9,873,500  
Earnings   $ 1,073,800