| Schedule
of assets acquired and liabilities assumed | |
| | |
| Assets: | |
|
| Cash
and Cash Equivalents | |
$ | 4,089 | |
| Trade
and Other Receivables | |
| 5,100 | |
| Marine
Operating Equipment | |
| 178,706 | |
| Commercial
Fishing License | |
| 26,000 | |
| Total
Assets | |
| 213,895 | |
| | |
| | |
| Liabilities: | |
| | |
| Accounts
Payable | |
| 4,910 | |
| Customer
Deposits | |
| 644 | |
| Notes
Payable | |
| 166,716 | |
| Related-Party
Notes Payable | |
| 62,634 | |
| Total
Liabilities | |
| 234,904 | |
| | |
| | |
| Loss on Asset Acquisition: | |
| | |
| Purchase Price | |
| 750,000 | |
| Excess
of Liabilities Assumed Over Assets Acquired | |
| 21,009 | |
| Net
Loss on Asset Acquisition | |
$ | 771,009 | |