XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.2

Note 4 - PistolStar, Inc. Acquisition (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Purchase consideration:
Total cash paid, net of acquired cash		$	2,000,000
4% Promissory note, net of discount of $36,000			464,000
Working capital adjustment			(108,000	)
Total purchase price consideration		$	2,356,000
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents		$	100,747
Accounts receivable			184,792
Prepaid expenses and other current assets			9,485
Fixed assets			36,467
Intangible assets			1,480,000
Goodwill			1,154,526
Total assets acquired			2,966,017
Accrued expenses and other current liabilities			738
Accrued payroll			19,279
Deferred revenue			590,000
Total fair value of assets acquired and liabilities assumed		$	2,356,000

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

		Amount				Estimated useful life (in years)
Trade Name		$	130,000				15
Proprietary Software			420,000				5
Customer relationships			930,000			8	-	10
Total identifiable intangible assets		$	1,480,000

X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration