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NOTE 4 - ACQUISITION: Schedule of identifiable assets and liabilities assumed upon acquisition (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of identifiable assets and liabilities assumed upon acquisition

 

 

 

 

Total purchase price

$

500,000

Cash

 

289,516

Accounts receivable, net

 

1,462,786

Other current assets

 

101,629

Deferred tax assets

 

418,932

Property and equipment, net

 

12,070

Total identifiable assets

 

2,284,933

Accounts payable

 

(1,479,949)

Other current liabilities

 

(84,591)

Long term loans

 

(156,441)

Long term loans – related party

 

(2,199,907)

Employee benefits

 

(238,476)

Total liabilities assumed

 

(4,159,364)

Net assets

 

(1,874,431)

Non-controlling interest

 

918,471

Total net assets

 

(955,960)

Goodwill

$

1,455,960