| Schedule of purchase price |
| |
|
H2O
Hydroponics
LLC |
|
|
Health &
Harvest
LLC |
|
|
Total |
|
| Inventory |
|
$ |
497,600 |
|
|
$ |
1,051,900 |
|
|
$ |
1,549,500 |
|
| Prepaids and other current assets |
|
|
4,600 |
|
|
|
- |
|
|
|
4,600 |
|
| Furniture and equipment |
|
|
50,000 |
|
|
|
50,000 |
|
|
|
100,000 |
|
| Right to use asset |
|
|
902,000 |
|
|
|
192,600 |
|
|
|
1,094,600 |
|
| Lease liability |
|
|
(902,000 |
) |
|
|
(192,600 |
) |
|
|
(1,094,600 |
) |
| Goodwill |
|
|
1,434,700 |
|
|
|
1,750,600 |
|
|
|
3,185,300 |
|
| Total |
|
|
1,986,900 |
|
|
$ |
2,852,500 |
|
|
$ |
4,839,400 |
|
| |
|
H2O
Hydroponics
LLC |
|
|
Health &
Harvest
LLC |
|
|
Total |
|
| Cash |
|
$ |
1,281,700 |
|
|
$ |
1,750,000 |
|
|
$ |
3,031,700 |
|
| Common stock |
|
|
705,200 |
|
|
|
1,102,500 |
|
|
|
1,807,700 |
|
| Total |
|
$ |
1,986,900 |
|
|
$ |
2,852,500 |
|
|
$ |
4,839,400 |
|
| |
|
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 |
|
| Right to use asset |
|
|
809,600 |
|
|
|
701,900 |
|
|
|
- |
|
|
|
329,300 |
|
|
|
1,840,800 |
|
| Lease liability |
|
|
(809,600 |
) |
|
|
(701,900 |
) |
|
|
- |
|
|
|
(329,300 |
) |
|
|
(1,840,800 |
) |
| 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 |
| |
|
H2O
Hydroponics
LLC |
|
|
Health &
Harvest
LLC |
|
|
Total |
|
| Acquisition date |
|
6/26/2020 |
|
|
2/26/2020 |
|
|
|
|
| Revenue |
|
$ |
227,100 |
|
|
$ |
2,299,600 |
|
|
$ |
2,526,700 |
|
| Earnings |
|
$ |
27,800 |
|
|
$ |
461,500 |
|
|
$ |
489,300 |
|
| |
|
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 |
|
|