Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION OF TOPPOP (Details)

v3.22.2
ACQUISITION OF TOPPOP (Details) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Jul. 26, 2021
Dec. 31, 2020
Contingent consideration $ 20,204,505 $ 11,959,863    
Accounts receivable 4,030,076 852,321    
Furniture and equipment 7,312,012 5,556,964   $ 5,556,964
Inventory 3,181,719 1,228,351    
Notes payable (5,045,466) (5,045,466)    
Excess purchase price "Goodwill" $ 15,976,877 $ 15,976,877    
TopPop acquisition [Member]        
Cash purchase price     $ 3,694,273  
Fair value of common stock     10,143,744  
Contingent consideration     20,204,505  
Consideration: Note payable     5,042,467  
Total Purchase price     39,084,989  
Accounts receivable     5,432,608  
Furniture and equipment     1,848,580  
Inventory     1,194,936  
Equipment deposit     320,810  
Security deposit     131,529  
Tradename / Trademarks     6,867,000  
IP/Technology     849,000  
Non-compete agreement     807,200  
Customer Base     14,414,000  
Total assets acquired     31,865,663  
Accounts payable     (2,435,412)  
Notes payable     (5,927,380)  
Deferred revenue     (394,759)  
Total liability assumed     (8,757,551)  
Net assets acquired     23,108,112  
Excess purchase price "Goodwill"     $ 15,976,877