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ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2022
True Digital Security, Inc. [Member]  
Business Acquisition [Line Items]  
SUMMARY OF SIGNIFICANT FAIR VALUE ASSETS ACQUIRED AND LIABILITIES

The following table summarizes the allocation of the purchase price to the fair values of the assets acquired and the liabilities assumed as of the transaction date:

  

      
Consideration  $40,879,380 
      
Tangible assets acquired:     
Cash   485,232 
Accounts receivable   1,404,386 
Contract assets   131,342 
Prepaid expenses and other current assets   196,825 
Property and equipment   906,006 
Other assets   17,505 
Total tangible assets   3,141,296 
      
Intangible assets acquired:     
Tradename - trademarks   1,744,200 
Intellectual property   1,137,000 
Non-competes   124,900 
Total intangible assets   3,006,100 
      
Assumed liabilities:     
Accounts payable and accrued expenses   1,283,003 
Deferred revenue   1,956,600 
Line of credit   283,244 
Loans payable   181,741 
Loans payable - shareholder   543,581 
Total assumed liabilities   4,248,169 
      
Net assets acquired   1,899,227 
      
Goodwill (a)  $38,980,153 

 

(a)Goodwill and intangibles are not deductible for tax purposes.
Creatrix, Inc. [Member]  
Business Acquisition [Line Items]  
SUMMARY OF SIGNIFICANT FAIR VALUE ASSETS ACQUIRED AND LIABILITIES

The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed:

 

      
Consideration paid  $3,630,000 
      
Tangible assets acquired:     
Cash   3,572 
Accounts receivable   125,908 
Contract assets   33,965 
Prepaid expenses and other current assets   3,597 
Total tangible assets   167,042 
      
Assumed liabilities:     
Accounts payable and accrued expenses   48,001 
Loans payable   56,687 
Total assumed liabilities   104,688 
      
Net assets acquired   62,354 
      
Goodwill (a)  $3,567,646 

 

(a)Goodwill is not deductible for tax purposes.
C U A T R Oi [Member]  
Business Acquisition [Line Items]  
SUMMARY OF SIGNIFICANT FAIR VALUE ASSETS ACQUIRED AND LIABILITIES

The following table summarizes the preliminary estimated acquisition date fair values of the assets acquired and liabilities assumed:

 

      
Consideration paid  $6,847,474 
      
Tangible assets acquired:     
Cash   77,804 
Accounts receivable   478,210 
Prepaid expenses and other current assets   51,464 
Property and equipment   434,816 
Total tangible assets   1,042,294 
      
Assumed liabilities:     
Accounts payable and accrued expenses   242,830 
Loans payable   850,199 
Total assumed liabilities   1,093,029 
      
Net liabilities assumed   50,735 
      
Goodwill (a)  $6,898,209 

 

(a)Goodwill and intangibles are not deductible for tax purposes.
N L T Secure [Member]  
Business Acquisition [Line Items]  
SUMMARY OF SIGNIFICANT FAIR VALUE ASSETS ACQUIRED AND LIABILITIES

The following table summarizes the preliminary estimated acquisition date fair values of the assets acquired and liabilities assumed:

 

      
Consideration paid  $6,919,597 
      
Tangible assets acquired:     
Cash   48,858 
Accounts receivable   66,972 
Prepaid expenses and other current assets   154,300 
Property and equipment   1,071,401 
Total tangible assets   1,341,531 
      
Assumed liabilities:     
Accounts payable and accrued expenses   791,228 
Loans payable   1,778,591 
Total assumed liabilities   2,569,819 
      
Net liabilities assumed   1,228,288 
      
Goodwill (a)  $8,147,885 

 

(a)Goodwill and intangibles are not deductible for tax purposes.