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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2018
Acquisition Table 0Abstract |
Schedule of Business Acquisition |
Cash paid |  | $ | 4,110,560 |
Convertible note |  |  | 1,000,000 |
Total consideration |  | $ | 5,110,560 |
Assets acquired: |  |  |  |
Accounts receivable |  | $ | 1,071,078 |
Note receivable |  |  | 60,000 |
Prepaid expenses |  |  | 105,473 |
Inventory |  |  | 1,867,137 |
Investments |  |  | 84,943 |
Equipment |  |  | 740,000 |
Intangible assets |  |  | 3,168,000 |
Liabilities assumed: |  |  |  |
Account payable |  |  | 520,164 |
Loans payable |  |  | 292,706 |
Deferred income taxes |  |  | 989,569 |
Total identifiable net assets |  |  | 5,294,192 |
Non-controlling interest |  |  | 2,759,917 |
Goodwill |  | $ | 2,534,275 |
Schedule of Pro Forma Information | The following unaudited pro forma combined financial information presents combined results of the Company and EnP Investments as if the Business Combination had occurred on January 1, 2017.
|  | 2018 |  |  | 2017 |
Net sales |  | $ | 23,152,539 |  |  | $ | 23,119,226 |
Gross profit |  |  | 8,428,317 |  |  |  | 12,466,963 |
Net income |  | $ | 4,470,245 |  |  | $ | 3,253,679 |

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