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NOTE 4 – ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
NOTE 4 - ACQUISITIONS - Whisl Consideration |
|  | May 13,
Fair Value of Consideration: |  | 2022
Cash |  | $ | 1,000,000 |
Payable to seller |  |  | 250,000 |
1,461,653 shares of common stock |  |  | 550,000 |
Total Purchase Price |  | $ | 1,800,000 |
NOTE 4 - ACQUISITIONS - Smartbiz Consideration |
|  | June 1,
Fair Value of Consideration: |  | 2022
Cash |  |  | $ | 725,000 |
Payable to seller |  |  |  | 75,000 |
2,850,330 shares of common stock |  |  |  | 1,000,000 |
Total Purchase Price |  |  | $ | 1,800,000 |
NOTE 4 - ACQUISITIONS - Whisl Assets and Liabilities Acquired |
Total purchase price |  | $ | 1,800,000 |
Cash |  |  | 141,113 |
Accounts receivable |  |  | 109,762 |
Total identifiable assets |  |  | 250,875 |
Accounts payable |  |  | (241,426 | )
Other current liabilities |  |  | (2,075 | )
Total liabilities assumed |  |  | (243,501 | )
Net assets |  |  | 7,374 |
Non-controlling interest |  |  | 3,613 |
Total net assets |  |  | 3,761 |
Goodwill |  | $ | 1,796,239 |
NOTE 4 - ACQUISITIONS - Smartbiz Assets and Liabilities Acquired |
Total purchase price |  | $ | 1,800,000 |
Cash |  |  | 19,755 |
Accounts receivable |  |  | 789,515 |
Total identifiable assets |  |  | 809,270 |
Accounts payable |  |  | (807,265 | )
Other current liabilities |  |  | (76,839 | )
Total liabilities assumed |  |  | (884,104 | )
Net assets |  |  | (74,834 | )
Non-controlling interest |  |  | (36,669 | )
Total net assets |  |  | (38,165 | )
Goodwill |  | $ | 1,838,165 |
NOTE 4 - ACQUISITIONS - Unaudited Pro Forma Results of Operations |
|  | Nine Months Ended
|  | September 30,
|  | 2022 |  | 2021
Revenues |  | $ | 69,165,130 |  |  | $ | 59,028,492 |
Cost of revenues |  |  | 66,683,557 |  |  |  | 56,430,726 |
Gross profit |  |  | 2,481,573 |  |  |  | 2,597,766 |
Operating expenses |  |  | 4,322,526 |  |  |  | 4,724,857 |
Operating loss |  |  | (1,840,953 | ) |  |  | (2,127,091 | )
Other expense |  |  | (38,073 | ) |  |  | (820,593 | )
Net Loss |  | $ | (1,879,026 | ) |  | $ | (2,947,684 | )

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