Annual report pursuant to Section 13 and 15(d)

Aquisitions (Tables)

v3.24.1
Aquisitions (Tables)
12 Months Ended
Dec. 31, 2023
Aquisitions [Abstract]  
Schedule of Fair Value of Identifiable Assets Acquired The estimate of fair values for tangible assets acquired were agreed to by both buyer and seller. The aggregate purchase price was $3,245,872.
Fair Value of Identifiable Assets Acquired:      
Inventory   $ 91,096  
Working Capital     879,486  
Intangible - Customer List     2,275,290  
    $ 3,245,872  
         
Consideration Paid:        
Cash   $ 1,510,872  
Restricted Stock     100,000  
Contingent Earn-Out Liability     1,635,000  
    $ 3,245,872  

 

Fair Value of Identifiable Assets Acquired:      
Cash   $ 63,624  
Accounts Receivable     346,822  
Inventory     108,445  
Fixed Assets     14,444  
Intangible - Customer List     1,659,831  
    $ 2,193,166  
         
Consideration Paid:        
Cash   $ 1,488  
Assumption of Liabilities     721,334  
Restricted Stock     100,000  
Contingent Earn-Out Liability     1,370,344  
    $ 2,193,166  
Fair Value of Identifiable Assets Acquired:      
Cash   $ 13,855  
Accounts Receivable     344,078  
Intangible - Customer List     1,032,600  
    $ 1,390,533  
         
Consideration Paid:        
Cash   $ 440,025  
Assumption of Liabilities     17,908  
Restricted Stock     25,000  
Contingent Earn-Out Liability     907,600  
    $ 1,390,533  
Fair Value of Identifiable Assets Acquired:      
Working Capital, Net   $ 1,462,732  
Intangible - Customer List     5,211,435  
    $ 6,674,167  
         
Consideration Paid:        
Cash   $ 2,123,072  
Contingent Earn-Out Liability     4,551,095  
    $ 6,674,167