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Acquisition of Anivia Limited and Subsidiaries and Variable Interest Entity (Tables) | 3 Months Ended
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Sep. 30, 2022
Acquisition Of Anivia Limited And Subsidiaries And Variable Interest Entity |
Schedule of allocation of acquisition price |
Schedule of allocation of acquisition price |  |  |
Fair Value of Purchase Price: |  |  |
Cash |  | $ | 1,500,000 |
Promissory note issued |  |  | 3,600,627 |
Common stock issued |  |  | 5,528,373 |
Total purchase consideration |  | $ | 10,629,000 |
Purchase Price Allocation: |  |  |  |
Covenant not to compete |  | $ | 3,459,120 |
Supplier relationships |  |  | 1,179,246 |
Software |  |  | 534,591 |
Current assets |  |  | 1,784,113 |
Property and equipment |  |  | 46,548 |
Rent deposit |  |  | 52,707 |
ROU asset |  |  | 234,578 |
Goodwill |  |  | 6,094,144 |
Deferred tax liabilities |  |  | (1,389,113 | )
Current liabilities |  |  | (1,143,076 | )
Lease liability |  |  | (223,858 | )
Total purchase consideration |  | $ | 10,629,000 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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