Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION (Tables)

v3.21.2
ACQUISITION (Tables)
9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of aggregate preliminary fair value
       
    Amount
Cash, net of cash acquired of $94,450   $ 155,550  
Contingent Consideration - Earnout Agreement     1,000,000  
265,164,070 shares of common stock     1,617,501  
Total preliminary consideration transferred   $ 2,773,051  
Schedule summarizes the preliminary allocation of the fair values
       
     
Accounts Receivable   $ 26,875  
 Inventory     7,816  
 Other Assets     518  
 Goodwill     2,925,884  
 Accounts payable     (181,042 )
 Other accrued liabilities     (7,000 )
 Net assets acquired   $ 2,773,051  
Schedule of pro-forma consolidated results of operations
                               
   

Three months ended

September 30,

 

Nine months ended

September 30,

    2021   2020   2021   2020
Revenue   $ 442,178     $ 62,816     $ 886,417     $ 297,037  
Operating loss     (1,419,665 )     (580,152 )     (3,275,525 )     (1,928,929 )
Net loss     (1,764,592 )     (1,861,211 )     (7,297,520 )     (4,247,716 )
 Net loss per common share   $ (0.00 )   $ (0.00 )   $ (0.00 )   $ (0.01 )
Weighted Average common shares outstanding     5,266,505,915       1,444,024,204       5,057,632,261       783,425,637