XML 74 R64.htm IDEA: XBRL DOCUMENT v3.22.1
BUSINESS COMBINATION (Details Narrative) - USD ($)
 1 Months Ended 3 Months Ended
Jul. 07, 2021
May 10, 2021
Aug. 27, 2021
Mar. 25, 2021
Jan. 31, 2021
Mar. 31, 2022
Dec. 13, 2021
Novo Asset Purchase [Member]              
Contingent Consideration, Description     $1,337,500 in cash, (2) a $3,000,000 promissory note with an interest rate of 6%, that matures on February 1, 2024 (the "Novo Note"), (3) working capital adjustments in the amount of approximately $217,045, which was paid as of September 30, 2021 and (4) 508,711 restricted shares of common stock valued at $2,019,583 (based on the acquisition date share price), of which 127,178 of our restricted shares of common stock were placed in escrow to account for post-closing adjustments in respect to Novo Group’s revenue from the closing date to the end of the 2021 calendar year, as well as to partially secure the indemnification obligations of Novo Group’s former owners.        
Contingent Consideration     $ 543,297        
Increase in accounts receivable           $ 35,643  
Base Purchase Price     $ 7,117,425        
Scouted Asset Purchase [Member]              
Restricted Common Stock         224,163    
Number Of Reserve Shares         33,151    
Restricted Stock Par Value         $ 7.25    
Cash Consideration         $ 180,000    
Total Purchase Price         180,000    
Shares Held In Reserve             33,151
Restricted Stock Expense         1,625,183    
Acquired Intangible Assets         $ 180,000    
Upsider Asset Purchase [Member]              
Restricted Common Stock       323,094      
Number Of Reserve Shares       51,940      
Restricted Stock Par Value       $ 7.88      
Total Purchase Price       $ 390,000      
Net Cash       69,983      
Restricted Stock Expense       $ 2,544,362      
Issuance Of Earn-out Shares       321,390      
One Wire Asset Purchase [Member]              
Number Of Reserve Shares   31,066          
Shareholders Consideration Shares   155,327          
Shareholders Consideration Value   $ 1,255,000          
Shareholders Consideration Price Per Share   $ 8.0797          
Fair Value Of Additional Common Stock Shares   $ 45,751          
Common Stock Value At The Acquisition Date   1,436,777          
Purchase Price Allocation   150,000          
Total Purchase Price   $ 1,482,528          
Parrut Asset Purchase [Member]              
Contingent Consideration $ 1,125,000            
Consisting Cash 500,000            
Promissory Note $ 1,750,000            
Interest Rate 6.00%            
Maturity Date Jul. 01, 2023            
Common Stock Shares 257,545            
Closing Common Stock Value $ 1,264,551            
Earn-out Consideration $ 1,350,000