7. Business Acquisitions (Tables)
|
12 Months Ended |
Mar. 31, 2021 |
|---|
| United Combat League [Member] |
|
| Business combination purchase allocation |
| Consideration | |
| |
| | |
| |
| Cash | |
$ | 20,000 | |
| 6,000,000 shares of common stock issued to the sellers valued using an observable market price | |
| 39,000 | |
| Total consideration | |
$ | 59,000 | |
| | |
| | |
| Fair value of net identifiable assets (liabilities) acquired | |
| | |
| | |
| | |
| Intangible assets - licenses for the right to hold fight events | |
$ | 59,000 | |
|
| Pinnacle Combat [Member] |
|
| Business combination purchase allocation |
| Consideration | |
| |
| Cash | |
$ | 20,000 | |
| 8,000,000 shares of common stock issued to the sellers valued using an observable market price | |
| 62,400 | |
| Total consideration | |
$ | 82,400 | |
| | |
| | |
| Fair values of identifiable net assets: | |
| | |
| Property & equipment: | |
| | |
| Cages | |
$ | 54,000 | |
| Event asset (barriers) | |
| 3,420 | |
| Truck/trailer | |
| 1,710 | |
| Venture lighting system | |
| 14,250 | |
| Total identifiable net assets | |
| 73,380 | |
| | |
| | |
| Intangible assets: | |
| | |
| Licenses for the right to hold fight events | |
| 34,048 | |
| | |
| | |
| Fair value of liabilities assumed: | |
| | |
| Credit card liability | |
| 25,028 | |
| | |
| | |
| Fair value of net identifiable assets (liabilities) acquired | |
$ | 82,400 | |
|
| Strike Hard Productions LLC [Member] |
|
| Business combination purchase allocation |
| Consideration | |
| |
| Cash | |
$ | 20,000 | |
| 9,000,000 shares of common stock issued to the sellers valued using an observable market price | |
| 52,200 | |
| Total consideration | |
$ | 72,200 | |
| | |
| | |
| Fair values of identifiable net assets: | |
| | |
| Property & equipment: | |
| | |
| Cages | |
$ | 22,000 | |
| Event asset (tables) | |
| 1,000 | |
| Total property & equipment | |
| 23,000 | |
| | |
| | |
| Intangible assets: | |
| | |
| Licenses for the right to hold fight events | |
| 49,200 | |
| | |
| | |
| Total fair value of identifiable net assets | |
$ | 72,200 | |
|
| One More Gym LLC [Member] |
|
| Business combination purchase allocation |
| Consideration | |
| |
| Cash | |
$ | 30,000 | |
| 6,000,000 shares of common stock issued to the sellers valued using an observable market price | |
| 31,800 | |
| Total consideration | |
$ | 61,800 | |
| | |
| | |
| Fair values of identifiable net assets: | |
| | |
| Property & equipment: | |
| | |
| Cash | |
$ | 2,392 | |
| Gym equipment | |
| 149,703 | |
| Inventory | |
| 10,000 | |
| | |
| | |
| Intangible assets: | |
| | |
| Customer relationships | |
| 83,000 | |
| | |
| | |
| Fair value of liabilities assumed: | |
| | |
| Liabilities | |
| 130,712 | |
| | |
| | |
| Fair value of net identifiable assets (liabilities) acquired | |
$ | 114,383 | |
| | |
| | |
| Gain on bargain purchase | |
$ | 52,583 | |
|
| CFit Indiana, Inc. [Member] |
|
| Business combination purchase allocation |
| Consideration | |
| |
| Cash | |
$ | 115,000 | |
| | |
| | |
| Fair values of identifiable net assets: | |
| | |
| Property & equipment: | |
| | |
| Gym equipment | |
$ | 133,850 | |
| | |
| | |
| Intangible assets: | |
| | |
| Customer relationships | |
| 73,020 | |
| | |
| | |
| Total fair value of identifiable net assets | |
$ | 206,870 | |
| | |
| | |
| Gain on bargain purchase | |
$ | 91,870 | |
|
| Hillcrest Fitness [Member] |
|
| Business combination purchase allocation |
| Consideration | |
| |
| Cash | |
$ | 100,000 | |
| | |
| | |
| Fair values of identifiable net assets: | |
| | |
| Property & equipment: | |
| | |
| Gym equipment | |
$ | 85,989 | |
| | |
| | |
| Intangible assets: | |
| | |
| Customer relationships | |
| 14,011 | |
| | |
| | |
| Total fair value of identifiable net assets | |
$ | 100,000 | |
|