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