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Acquisition of ChizComm Entities (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Total purchase price consideration paid

Total purchase price consideration paid
		Amount
Cash consideration at closing		$	8,500,000
Equity consideration at closing			3,527,027
Fair value of Earn-Out shares			7,210,000
Total		$	19,237,027

Assets acquired and liabilities assumed

Assets acquired and liabilities assumed
Cash		$	711,123
Accounts Receivable			6,150,919
Prepaid Expenses			56,594
Lease Deposits			12,390
Fixed Assets			147,689
Trade Name			3,430,000
Customer Relationships			6,140,000
Non-Compete Agreements			60,000
Goodwill			9,607,027
Accounts Payable and Accrued Expenses			(7,006,350	)
Payroll Tax Liability			(72,365	)
Total Consideration		$	19,237,027

Supplemental pro forma information

Supplemental pro forma information
		Three Months Ended								Nine Months Ended
		September 30, 2021				September 30, 2020				September 30, 2021				September 30, 2020
Total Revenues		$	1,871,449			$	3,786,292			$	6,630,216			$	5,414,987
Net Loss			(9,253,380	)			(2,164,427	)			(93,533,387	)			(391,625,312	)
Net Loss per Common Share (Basic and Diluted)		$	(0.03	)		$	(0.01	)		$	(0.32	)		$	(3.63	)
Weighted Average Shares Outstanding (Basic and Diluted)			300,321,658				218,991,119				296,001,742				107,786,940

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.

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Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation.

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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.

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