v3.21.2

Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2020
Schedule of Unreviewed Pro Forma Financial Information | The pro forma information does not give effect to any estimated and potential cost savings or other operating efficiencies that could result from the acquisitions:
|  | Pro forma twelve months ended December 31 |
|  | 2019 |
Revenues |  | $ | 5,219,301 |
Cost of revenues |  |  | 2,845,331 |
Gross profit |  |  | 2,373,970 |
Operating expenses |  | $ | 5,799,715 |
Operating losses |  | $ | (9,204,291 | )
Net Loss |  | $ | (12,630,036 | )
Earnings Per Share |  | $ | (0.47 | )
Red Wire Group, LLC. [Member] |
Schedule of Assets and Net Liabilities Acquired | The following table summarizes the provisional purchase price allocations relating to the RWG acquisition:
|  | Preliminary |
|  | Purchase Price |
|  | Allocation |
Cash and cash equivalents |  | $ | 10 |
Inventory |  |  | 48,000 |
Fixed assets, net |  |  | 58,110 |
Goodwill |  |  | 480,381 |
Accounts payable and accrued liabilities |  |  | (136,501 | )
Net assets acquired |  | $ | 450,000 |
Rune NYC, LLC [Member] |
Schedule of Assets and Net Liabilities Acquired | The following table summarizes the provisional purchase price allocations relating to the Rune acquisition:
|  | Preliminary |
|  | Purchase Price |
|  | Allocation |
Cash and cash equivalents |  | $ | 12,914 |
Accounts receivable, net |  |  | 23,506 |
Other current assets |  |  | 9,750 |
Goodwill |  |  | 394,440 |
Accounts payable and accrued liabilities |  |  | (29,487 | )
Non-controlling interest |  |  | (30,834 | )
Net assets acquired |  | $ | 380,289 |
Bluwire Group, LLC [Member] |
Schedule of Assets and Net Liabilities Acquired | The following table summarizes the provisional purchase price allocations relating to the Bluwire acquisition:
|  | Preliminary |
|  | Purchase Price |
|  | Allocation |
Cash and cash equivalents |  | $ | 51,530 |
Accounts receivable, net |  |  | 62,333 |
Inventory |  |  | 212,777 |
Other assets |  |  | 179,100 |
Fixed assets, net |  |  | 271,449 |
Security deposit |  |  | 59,800 |
Goodwill |  |  | 623,072 |
Accounts payable and accrued liabilities |  |  | (736,468 | )
Due to stockholders |  |  | (395,674 | )
Non-controlling interest |  |  | (127,919 | )
Net assets acquired |  | $ | 200,000 |
Social Decay, LLC [Member] |
Schedule of Assets and Net Liabilities Acquired | The following table summarizes the provisional purchase price allocations relating to the Social Sunday acquisition:
|  | Preliminary |
|  | Purchase Price |
|  | Allocation |
Cash and cash equivalents |  | $ | 3,418 |
Accounts receivable, net |  |  | 13,189 |
Inventory |  |  | 55,211 |
Fixed assets, net |  |  | 20,529 |
Goodwill |  |  | 473,784 |
Accounts payable and accrued liabilities |  |  | (356,131 | )
Net assets acquired |  | $ | 210,000 |

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