Schedule of purchase price |
|
|
Health & Harvest LLC |
|
Inventory |
|
$ |
1,052,500 |
|
Prepaids and other current assets |
|
|
- |
|
Furniture and equipment |
|
|
50,000 |
|
Right to use asset |
|
|
192,600 |
|
Lease liability |
|
|
(192,600 |
) |
Goodwill |
|
|
1,750,600 |
|
Total |
|
$ |
2,852,500 |
|
|
|
Health & Harvest LLC |
|
Cash |
|
$ |
1,750,000 |
|
Common stock |
|
|
1,102,500 |
|
Total |
|
$ |
2,852,500 |
|
|
|
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 |
|
Right to use asset |
|
|
702,000 |
|
|
|
- |
|
|
|
329,300 |
|
|
|
1,031,300 |
|
Lease liability |
|
|
(702,000 |
) |
|
|
- |
|
|
|
(329,300 |
) |
|
|
(1,031,300 |
) |
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 |
|
|
Health & Harvest LLC |
|
Acquisition date |
|
|
2/26/2020 |
|
Revenue |
|
$ |
559,340 |
|
Earnings |
|
$ |
112,882 |
|
|
|
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 |
|
|