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ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2022
SuperFit Foods, LLC [Member]  
Business Acquisition [Line Items]  
SCHEDULE OF ASSETS AND LIABILITIES ACQUIRED IN BUSINESS COMBINATIONS

The Company acquired the following assets as part of the purchase agreement, adjusted for purchase accounting adjustments to reflect the fair value of the net assets acquired during 2021:

 

 

      
Furniture and equipment  $82,000 
Vehicles   55,000 
Tradename   45,000 
Customer list   140,000 
Domain name   125,000 
Proprietary Recipes   160,000 
Non-compete agreement   260,000 
Goodwill   258,000 
Total assets acquired  $1,125,000 
SCHEDULE OF BUSINESS ACQUISITION PRO FORMA INFORMATION

 

 

   2022   2021   2022   2021 
   Pro Forma   Pro Forma 
   (Unaudited)   (Unaudited) 
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2022   2021   2022   2021 
Revenues  $2,823,559   $3,301,679   $8,673,401   $7,876,672 
Restaurant operating expenses   2,710,547    3,390,442    8,834,772    8,508,874 
Total cost and expenses   4,785,269    4,921,156    14,360,505    15,487,578 
Loss from Operations   (1,961,710)   (1,619,477)   (5,687,104)   (7,610,906)
Pokemoto Acquisition [Member]  
Business Acquisition [Line Items]  
SCHEDULE OF ASSETS AND LIABILITIES ACQUIRED IN BUSINESS COMBINATIONS

The Company acquired the following assets as part of the purchase agreement, adjusted for purchase accounting adjustments to reflect our estimate of the fair value of the net assets acquired during 2022:

 

      
Purchase Price  $5,980,000 
      
Assets     
Cash  $1,184,610 
Accounts Receivables   - 
Inventory   19,500 
Property and Equipment   297,529 
Intangible assets, net   4,560,000 
Operating lease right-of-use assets, net   719,941 
Security deposits and other assets   35,580 
Total assets acquired  $6,817,160 
Liabilities     
Accounts payable and accrued expenses  $296,224 
Other notes payable   1,462,453 
Deferred revenue   125,624 
Operating lease liability   751,258 
Total liabilities acquired  $2,635,559 
      
Fair value of identifiable net assets acquired   4,181,601 
      
Goodwill  $1,798,399 
SCHEDULE OF BUSINESS ACQUISITION PRO FORMA INFORMATION

 

 

   2022   2021   2022   2021 
   Pro Forma   Pro Forma 
   (Unaudited)   (Unaudited) 
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2022   2021   2022   2021 
Revenues  $2,823,559   $3,301,679   $8,673,401   $8,666,004 
Restaurant operating expenses   2,710,547    3,390,442    8,834,772    8,919,110 
Total cost and expenses   4,785,269    4,921,156    14,360,505    16,170,438 
Loss from Operations   (1,961,710)   (1,619,477)   (5,687,104)   (7,504,434)
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS

Identifiable intangible assets acquired include the following:

 

   Fair Value   Weighted average amortization period 
         
Tradename  $175,000    5.00 
Franchise License   2,775,000    10.00 
Proprietary Recipes   1,130,000    7.00 
Non-Compete   480,000    2.00 
   $4,560,000    8.22