|
The total purchase price for the Lexi
Luu acquisition was allocated as follows:
| Assets |
|
|
|
|
| Cash |
|
|
170 |
|
| Accounts receivable |
|
|
794 |
|
| Inventories |
|
|
64,883 |
|
| Property and equipment |
|
|
2,724 |
|
| Other assets |
|
|
19,503 |
|
| Intangible assets-Customer relationships |
|
|
690,629 |
|
| Liabilities |
|
|
|
|
| Accounts payable and accrued liabilities |
|
|
(256,030 |
) |
| Due to shareholder |
|
|
(15,673 |
) |
| Earn-out contingent liability |
|
|
(87,000 |
) |
| Net assets acquired |
|
$ |
420,000 |
|
The total purchase price for the E-motion acquisition was
allocated as follows:
| Assets |
|
|
|
|
| Inventories |
|
|
165,807 |
|
| Other assets |
|
|
5,050 |
|
| Intangible assets-Customer relationships |
|
|
74,235 |
|
| Liabilities |
|
|
|
|
| Accounts payable and accrued liabilities |
|
|
(197,092 |
) |
| Earn-out contingent liability |
|
|
(48,000 |
) |
| Net assets acquired |
|
$ |
- |
|
|