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3. ACQUISITIONS (Tables) | 3 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
3. ACQUISITIONS - SWS Consideration | The Company determined the fair value of the consideration given to the sellers of SWS in connection with the transaction in accordance with ASC 820 was as follows:
Consideration: |  | Fair Value |
Cash |  | $ | 1,350,000 |
Contingent consideration |  |  | 155,000 |
310,018 shares of common stock as contingent equity consideration |  | $ | 533,002 |
167,685 shares of common stock |  |  | 4,649,905 |
Total Consideration |  | $ | 6,687,907 |
3. ACQUISITIONS - SWS Purchase Price Allocation |
|  | Preliminary Allocation at Acquisition Date |  |  | Adjustments to Fair Value |  |  | Final Allocation at Acquisition Date |
Customer List |  | $ | 5,122,733 |  |  | $ | (4,932,733 | ) |  | $ | 190,000 |
Goodwill |  |  | 1,642,409 |  |  |  | 5,178,126 |  |  |  | 6,820,535 |
Other Assets and Liabilities assumed, net |  |  | (77,235 | ) |  |  | (245,393 | ) |  |  | (322,628 | )
Total |  | $ | 6,687,907 |  |  | $ | — |  |  | $ | 6,687,907 |
3. ACQUISITIONS - ATL Purchase Price Allocation |
Purchase Price Allocation |  | Preliminary Allocation at Acquisition Date |  |  | Adjustments to Fair Value |  |  | Final Allocation at Acquisition Date |
Strategic Contract |  | $ | 7,457,970 |  |  | $ | 2,342,000 |  |  | $ | 9,799,970 |
Goodwill |  |  | 14,205,245 |  |  |  | (1,264,167 | ) |  |  | 12,941,078 |
Other Assets and Liabilities assumed, net |  |  | (479,864 | ) |  |  | (1,077,833 | ) |  |  | (1,557,697 | )
Total |  | $ | 21,183,351 |  |  | $ | — |  |  | $ | 21,183,351 |
3. ACQUISITIONS - Unaudited Pro Forma Information Assuming Acquisitions | The following is the unaudited pro forma information assuming the acquisition of, ATL and SWS occurred on October 1, 2020:
|  | December 31, 2020 |
Net sales |  | $ | 4,060,029 |
Net income (loss) |  |  | (7,759,752 | )
Net profit / (loss) per common share – basic |  | $ | (0.35 | )
Weighted average common shares outstanding – basic |  |  | 22,146,992 |
Net profit / (loss) per common share – diluted |  | $ | (0.35 | )
Weighted average common shares outstanding – diluted |  |  | 22,146,992 |

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