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DRONELOGICS ACQUISITION (Tables)
 12 Months Ended
Dec. 31, 2021
SCHEDULE OF PURCHASE PRICE ALLOCATION

The purchase price allocation (“PPA”) is as follows:

 

      
Number of shares of Draganfly Inc.   645,088 
Fair value of common shares  $4.15 
Fair value of shares of Draganfly Inc.  $2,178,960 
Cash portion of purchase price   500,000 
Total  $2,678,960 

 

 

Draganfly Inc.

Notes to the Consolidated Financial Statements

For The Year Ended December 31, 2021

Expressed in Canadian Dollars

 

3. DRONELOGICS ACQUISITION (CONT’D)

 

Tangible assets acquired    
Cash  $42,593 
Accounts receivable   98,852 
Inventory   629,684 
Prepaids and deposits   93,997 
Other current assets   3,014 
Capital assets   54,946 
Right-of-use assets   83,428 
Accounts payable and accrued liabilities   (222,766)
Customer deposits   (245,959)
Loans   (245,752)
Other current liabilities   (8,437)
Lease liabilities   (87,203)
Total tangible assets acquired   196,397 
Identifiable intangible assets     
Customer relationships   197,000 
Website   119,000 
 Total identifiable intangible assets   316,000 
Goodwill   2,166,563 
Total consideration  $2,678,960