XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisition-European Operations (Tables)
 6 Months Ended
Jun. 30, 2020
Acquisitioneuropean Operations [Abstract]  
Schedule of assets acquired at fair market value and liabilities
Acquisition consideration    
Cash  $14,188,056 
Bonds payable   8,356,958 
Settlement of pre-existing debt   4,515,687 
Total consideration transferred   27,060,701 
      
Assets acquired and liabilities assumed     
Accounts receivable  $1,300,468 
Inventories   2,161,067 
Prepaid expenses and other current assets   331,774 
Property and equipment   616 
Right of use asset   806,572 
Other long-term assets   101,413 
Intangible assets-Customer relationships   14,050,000 
Intangible assets-Brands   3,123,000 
Accounts payable and accrued expenses   (3,489,080)
Lease liability Obligations   (817,041)
Other current liabilities   (927,088)
Total identifiable net assets  $16,641,701 
Goodwill  $10,419,000