DIGITAL ALLY HEALTHCARE VENTURE (Tables)
|
Sep. 30, 2022 |
Restructuring Cost and Reserve [Line Items] |
|
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES |
The
following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives in years as of
the date of acquisition:
SCHEDULE
OF COMPONENTS OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND ESTIMATED USEFUL LIVES
|
|
Cost |
|
|
Amortization
through
September 30,
2022 |
|
|
Estimated
useful
life |
Identifiable
intangible assets: |
|
|
|
|
|
|
|
|
|
|
Trademarks |
|
$ |
600,000 |
|
|
$ |
— |
|
|
indefinite |
Sponsorship
agreement network |
|
|
|
|
|
|
|
years |
Search
engine optimization/content |
|
|
600,000 |
|
|
|
162,500 |
|
|
4
years |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,800,000 |
|
|
$ |
1,375,833 |
|
|
|
|
Healthcare Acquisition [Member] |
|
Restructuring Cost and Reserve [Line Items] |
|
SCHEDULE OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION |
SCHEDULE
OF PRELIMINARY AND FINAL ESTIMATED FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION
| |
| | |
| |
| |
Purchase price allocation | |
Description | |
Preliminary
as allocated
June 30, 2021 | | |
Final
as allocated
June 30, 2022 | |
Assets acquired: | |
| | | |
| | |
Tangible assets acquired, consisting of acquired cash, accounts receivable and right of use asset | |
$ | 174,351 | | |
$ | 174,351 | |
Intangible assets acquired – Client Agreements | |
$ | 174,351 | | |
$ | 174,351 | |
Intangible assets acquired – client agreements | |
| — | | |
| 457,079 | |
Goodwill | |
| 1,125,000 | | |
| 667,921 | |
Liabilities assumed consisting of a promissory note issued by the selling shareholders which was paid off at closing, net of lease liability assumed | |
| 77,158 | | |
| 77,158 | |
Liabilities assumed pursuant to stock purchase agreement | |
| 77,158 | | |
| 77,158 | |
Net assets acquired and liabilities assumed | |
$ | 1,376,509 | | |
$ | 1,376,509 | |
Consideration: | |
| | | |
| | |
Cash paid at Healthcare Acquisition date | |
$ | 1,026,509 | | |
$ | 1,026,509 | |
Contingent consideration earn-out agreement | |
| 350,000 | | |
| 350,000 | |
| |
| | | |
| | |
Total Healthcare Acquisition purchase price | |
$ | 1,376,509 | | |
$ | 1,376,509 | |
The following table sets forth
the components of identifiable intangible assets acquired and their estimated useful lives in years as of the date of acquisition:
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES
| |
Cost | |
Amortization through September 30, 2022 | |
Estimated useful life |
Identifiable intangible assets: | |
| | | |
| | | |
|
Client agreements | |
$ | 457,079 | | |
$ | 57,135 | | |
10 years |
|
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES |
The following table sets forth
the components of identifiable intangible assets acquired and their estimated useful lives in years as of the date of acquisition:
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES
| |
Cost | |
Amortization through September 30, 2022 | |
Estimated useful life |
Identifiable intangible assets: | |
| | | |
| | | |
|
Client agreements | |
$ | 457,079 | | |
$ | 57,135 | | |
10 years |
|
Healthcare Acquisition One [Member] |
|
Restructuring Cost and Reserve [Line Items] |
|
SCHEDULE OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION |
SCHEDULE
OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION
| |
Preliminary As
allocated | | |
Final As
allocated | |
| |
Purchase
price
allocation | |
| |
Preliminary As
allocated | | |
Final As
allocated | |
Description | |
September 30,
2021 | | |
September
30,
2022 | |
Assets acquired: | |
| | | |
| | |
Tangible assets acquired | |
$ | 401,547 | | |
$ | 401,547 | |
Identifiable intangible assets acquired – client agreements | |
| — | | |
| 206,955 | |
Goodwill | |
| 2,920,000 | | |
| 2,713,045 | |
Liabilities assumed pursuant to stock purchase agreement | |
| (401,547 | ) | |
| (401,547 | ) |
Net assets acquired and liabilities assumed | |
$ | 2,920,000 | | |
$ | 2,920,000 | |
Consideration: | |
| | | |
| | |
Cash paid at Healthcare Acquisition date | |
$ | 2,270,000 | | |
$ | 2,270,000 | |
Contingent consideration earn-out agreement | |
| 650,000 | | |
| 650,000 | |
| |
| | | |
| | |
Total Healthcare Acquisition purchase price | |
$ | 2,920,000 | | |
$ | 2,920,000 | |
|
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES |
The following table sets forth
the components of identifiable intangible assets acquired and their estimated useful lives in years as of the date of acquisition:
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES
| |
Cost | |
Amortization through September 30, 2022 | |
Estimated useful life |
Identifiable intangible assets: | |
| | | |
| | | |
|
Client agreements | |
$ | 206,955 | | |
$ | 22,420 | | |
10 years |
|
Healthcare Acquisition Two [Member] |
|
Restructuring Cost and Reserve [Line Items] |
|
SCHEDULE OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION |
SCHEDULE OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION
Description | |
Amount | |
Assets acquired: | |
| | |
Tangible assets acquired | |
$ | 190,631 | |
Goodwill | |
| 2,100,000 | |
Liabilities assumed pursuant to stock purchase agreement | |
| (387,005 | ) |
Total assets acquired and liabilities assumed | |
$ | 1,903,626 | |
Consideration: | |
| | |
Cash paid at acquisition date | |
$ | 1,153,626 | |
Contingent consideration promissory note | |
| 750,000 | |
| |
| | |
Total acquisition purchase price | |
$ | 1,903,626 | |
|
Medical Billing Acquisition [Member] |
|
Restructuring Cost and Reserve [Line Items] |
|
SCHEDULE OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION |
SCHEDULE OF PRELIMINARY FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ACQUISITION
Description | |
Amount | |
Assets acquired: | |
| | |
Intangible assets acquired – client agreements | |
$ | 335,000 | |
Total assets acquired and liabilities assumed | |
$ | 335,000 | |
Consideration: | |
| | |
Cash paid at acquisition date | |
$ | 230,000 | |
Contingent consideration promissory note | |
| 105,000 | |
| |
| | |
Total acquisition purchase price | |
$ | 335,000 | |
|
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES |
The following table sets forth
the components of identifiable intangible assets acquired and their estimated useful lives in years as of the date of acquisition:
SCHEDULE OF IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND THEIR ESTIMATED USEFUL LIVES
| |
Cost | |
Amortization through September 30, 2022 | |
Estimated useful life |
Identifiable intangible assets: | |
| | | |
| | | |
|
Client agreements | |
$ | 335,000 | | |
$ | 22,333 | | |
10 years |
|