| SCHEDULE OF ESTIMATED FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED |
SCHEDULE
OF ESTIMATED FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED
| | |
Safe-Pro USA | | |
Airborne Response | | |
Safe Pro AI | | |
Total | |
| Assets acquired: | |
| | | |
| | | |
| | | |
| | |
| Cash | |
$ | 75,868 | | |
$ | 120,036 | | |
$ | - | | |
$ | 195,904 | |
| Accounts receivable, net | |
| 1,633,100 | | |
| 29,293 | | |
| - | | |
| 1,662,393 | |
| Inventory | |
| 67,143 | | |
| - | | |
| - | | |
| 67,143 | |
| Prepaid expenses and other current assets | |
| 37,500 | | |
| 209,852 | | |
| - | | |
| 247,352 | |
| Property and equipment | |
| 335,030 | | |
| 17,414 | | |
| - | | |
| 352,444 | |
| Other assets | |
| 4,000 | | |
| - | | |
| - | | |
| 4,000 | |
| Right of use assets | |
| 154,265 | | |
| - | | |
| - | | |
| 154,265 | |
| Other intangible assets | |
| 203,000 | | |
| 495,000 | | |
| 545,625 | | |
| 1,243,625 | |
| Goodwill | |
| 518,255 | | |
| 166,612 | | |
| - | | |
| 684,867 | |
| Total assets acquired at fair value | |
| 3,028,161 | | |
| 1,038,207 | | |
| 545,625 | | |
| 4,611,993 | |
| Liabilities assumed: | |
| | | |
| | | |
| | | |
| | |
| Notes payable | |
| (146,000 | ) | |
| - | | |
| - | | |
| (146,000 | ) |
| Accounts payable | |
| (85,250 | ) | |
| (9,937 | ) | |
| - | | |
| (95,187 | ) |
| Accrued expenses | |
| (257,408 | ) | |
| (148,270 | ) | |
| - | | |
| (405,678 | ) |
| Due to related parties | |
| (1,622,540 | ) | |
| - | | |
| - | | |
| (1,622,540 | ) |
| Lease liabilities | |
| (156,963 | ) | |
| - | | |
| - | | |
| (156,963 | ) |
| Total liabilities assumed | |
| (2,268,161 | ) | |
| (158,207 | ) | |
| - | | |
| (2,426,368 | ) |
| Net asset acquired | |
$ | 760,000 | | |
$ | 880,000 | | |
$ | 545,625 | | |
$ | 2,185,625 | |
| Purchase consideration paid: | |
| | | |
| | | |
| | | |
| | |
| Series A preferred shares issued | |
$ | 760,000 | | |
$ | - | | |
$ | - | | |
$ | 760,000 | |
| Series B preferred shares issued | |
| - | | |
| 880,000 | | |
| - | | |
| 880,000 | |
| Fair value of common stock issued | |
| - | | |
| - | | |
| 545,625 | | |
| 545,625 | |
| Total purchase consideration paid | |
$ | 760,000 | | |
$ | 880,000 | | |
$ | 545,625 | | |
$ | 2,185,625 | |
|