Quarterly report pursuant to Section 13 or 15(d)

Business Combination (Tables)

v3.21.1
Business Combination (Tables)
3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Schedule of purchase price

Cash $ 1,059,600

Earnout liability


Settlement of accounts receivable and net contract liabilities
(94,980 )

  $ 964,620
Schedule of purchase price to the assets acquired and liabilities

Cash and cash equivalents 

$

316,432



Accounts receivable

 

 252,557



Inventories

 

130,799



Prepaid expenses and other current assets 

 

7,400



Property, plant and equipment

 

1,154,818



Right-of-use assets

 

57,120



Goodwill
85,810

Intangible assets

 

68,344



Accounts payable and accrued expenses 

 

(733,529

)

Assumed liabilities
(285,204 )

Contract liabilities

 

(32,807

)

Lease liability

 

(57,120

)

 

$

964,620