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Acquisition (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Schedule of assets acquired of purchase price

Description		Amount
Assets
Cash		$	1,049,462
Account receivables			1,025,615
Inventories			1,209,203
Prepaids			88,367
Fixed assets			191,208
Right-of-use assets			2,350,781
Intangible Assets			3,356,000
Other assets			88,998
Liabilities
Account payables			(723,043	)
Accrued liabilities			(721,483	)
Operating lease liabilities			(2,350,781	)
Other long-term liabilities			(5,457	)
Net assets			5,558,870
Goodwill			1,367,109
Total Purchase Price		$	6,925,979

Schedule of pro forma information

		Combined				Pro forma Combined
		For the Three Months Ended				For the Three Months Ended
		March 31, 2020				March 31, 2019
			(unaudited)				(unaudited)
Revenue		$	25,829,143			$	19,302,869
Income (loss) from continuing operations		$	1,174,149			$	(1,694,654	)
Net income (loss)		$	1,174,149			$	(1,694,654	)
Basic net income (loss) per common share		$	0.04			$	(0.06	)
Diluted net income (loss) per common share		$	0.04			$	(0.06	)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

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