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SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2019
SUBSEQUENT EVENT
14.
SUBSEQUENT EVENT
On August 1, 2019, Carrier Enterprise I acquired substantially all of the assets and assumed certain of the liabilities of Peirce-Phelps, Inc. (“PPI”), an HVAC distributor operating from 19 locations in Pennsylvania, New Jersey, and Delaware, for $85,000 less certain average revolving indebtedness. Consideration for the net purchase price consisted of $10,000 in cash and 372,543 shares of Common stock having a fair value of $58,638. Carrier contributed cash of $
17,000
 to Carrier Enterprise I in connection with the acquisition of PPI.