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Note 4 - Swivel Secure Europe, SA Acquisition (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

Purchase consideration:
Total cash paid, including working capital adjustment		$	1,273,483
Earnout payable			500,000
Common stock issued			600,004
Total purchase price consideration		$	2,373,487
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents		$	729,905
Accounts receivable			702,886
Equipment acquired			65,640
Other assets			20,708
Intangible assets			762,860
Goodwill			1,067,372
Total estimated assets acquired			3,349,371
Accounts payable and accrued expenses			431,884
Government loan			544,000
Total liabilities assumed			975,884
Total estimated fair value of assets acquired and liabilities assumed		$	2,373,487

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- 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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- References

No definition available.

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