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Acquisition of Anivia Limited and Subsidiaries and Variable Interest Entity (Tables)

3 Months Ended

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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- References

No definition available.

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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

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