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3. ACQUISITIONS (Tables)

3 Months Ended

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