Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.20.2
Acquisition (Tables)
 6 Months Ended
Jun. 30, 2020
Acquisition  
Schedule of preliminary analysis for the Sports Defense acquisition

 

 

 

 

Provisional Purchase Consideration at preliminary fair value:

    

  

 

Purchase price

 

$

375,000

Amount of consideration

 

$

375,000

 

 

 

 

Assets acquired and liabilities assumed at preliminary fair value

 

 

  

Inventories

 

 

21,000

Accounts payable and accrued expenses

 

 

(12,516)

Other liabilities

 

 

 —

Net tangible assets acquired

 

$

8,484

 

 

 

 

Total net assets acquired

 

$

8,484

Consideration paid

 

 

375,000

Preliminary goodwill

 

$

366,516

 

Schedule of unaudited pro-forma results of operations

 

 

 

 

 

 

 

 

    

For the Six Months Ended June 30,

 

 

2020

 

2019

Revenues, net

 

$

348

 

$

267

Net loss allocable to common shareholders

 

$

(1,029)

 

$

(1,681)

Net loss per share

 

$

(0.01)

 

$

(0.12)

Weighted average number of shares outstanding

 

 

78,258,316

 

 

14,380,211