v3.22.0.1

Acquisition (Tables)

6 Months Ended

Dec. 31, 2021

Long-term Note Payable to Related Party - 3

Schedule of assets and liabilities as of the acquisition date through pushdown accounting

The following table summarizes the allocation of the fair value of the assets as of the acquisition date through pushdown accounting.

Assets
Cash		$	38,836
Accounts receivable			31,710
Inventory			209,431
Property and equipment			17,530
Other assets			1,150
Intangibles			46,869
Total Assets		$	345,526
Consideration
Notes payable to seller and related party of seller		$	164,526
Bonus program			30,000
Stock			151,000
		$	345,526

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- References

No definition available.

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- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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