Annual report pursuant to Section 13 and 15(d)

ACQUISITION (Tables)

v3.22.1
ACQUISITION (Tables)
 12 Months Ended
Dec. 31, 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 907,407
265,164,070 shares of common stock 1,617,501
Total preliminary consideration transferred $ 2,680,458
Schedule summarizes the preliminary allocation of the fair values
Accounts Receivable $ 27,000
Inventory 3,000
Other Assets 4,943
Trademarks 500,000
Licenses 600,000
Customer Relationships 100,000
Goodwill 1,633,557
Accounts payable (181,042 )
Other accrued liabilities (7,000 )
Net assets acquired $ 2,680,458
Schedule of pro-forma consolidated results of operations
Year ended December 31,
2021 2020
Revenue $ 1,422,678 $ 364,811
Operating loss (4,847,954 ) (5,234,942 )
Net loss (10,328,270 ) (12,525,433 )
Net loss per common share $ (0.00 ) $ (0.01 )
Weighted Average common shares outstanding 5,390,127,712 1,227,193,458