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ACQUISITION OF COSMOFARM, LTD (Tables)

9 Months Ended

Sep. 30, 2019

ACQUISITION OF COSMOFARM, LTD (Tables)

Unaudited allocation of purchase price

		Allocation
Current assets		$	6,882,286
Intangible assets			213,790
Other assets			1,519,345
Total assets acquired			8,615,421
Liabilities assumed:
Accounts payable and other current liabilities			5,111,489
Advances from customers			1,192,600
Line of credit			1,900,388
Other liabilities			232,729
Total liabilities assumed			8,437,206
Net assets acquired			178,215
Consideration:
Promissory note			227,912
Goodwill		$	49,697

Intangible assets

		Amount				Useful Life (Years)
Trademark		$	36,997				5
Customer base			176,793				10
		$	213,790				-