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ACQUISITION OF P2K LABS, INC. (Tables)

6 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Fair value consideration

Consideration:		Fair Value
Cash		$	1,155,000
95,699 shares of common stock		$	445,000
26,950 common stock options		$	88,935
Total Consideration		$	1,688,935

Purchase price allocation

Purchase Price Allocation:
Customer list		$	1,045,000
Design and other assets		$	123,000
Goodwill		$	642,388
Other assets and liabilities assumed, net		$	(121,453)
Total		$	1,688,935

Pro forma information

		For the Three Months Ended								For the Six Months Ended
		March 31, 2020				March 31, 2019				March 31, 2020				March 31, 2019
Net sales		$	3,716,725			$	924,906			$	5,006,806			$	1,409,906
Net loss		$	(5,970,217	)		$	(7,770,325	)		$	(7,851,673	)		$	(10,044,709)
Loss per common share - basic and diluted		$	(1.15	)		$	(1.84	)		$	(1.56	)		$	(2.52)
Weighted average common shares outstanding - basic and diluted			5,188,384				4,217,662				5,031,749				3,980,517

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