| Schedule of Purchase Price Accounted to Business Combination |
The purchase price was allocated as follows:
| Consideration shares (1) | |
$ | 1,250,000 | |
| Transaction costs | |
| 87,062 | |
| Total purchase consideration | |
| 1,337,062 | |
| Less: Cash deposits | |
| (137,116 | ) |
| Inventory | |
| (27,964 | ) |
| Deferred revenue | |
| 137,116 | |
| Total purchase consideration to be allocated | |
| 1,309,098 | |
| Less: fair value of intangible asset | |
| 18,000 | |
| Goodwill | |
$ | 1,291,098 | |
| (1) | Includes $950,000 of consideration shares and an additional $300,000 of consideration that was 100% probable at the time of close. |
|
. The purchase price was allocated as follows:
| Consideration shares (1) | |
$ | 1,250,000 | |
| Transaction costs | |
| 87,062 | |
| Total purchase consideration | |
| 1,337,062 | |
| Less: Cash deposits | |
| (137,116 | ) |
| Inventory | |
| (27,964 | ) |
| Deferred revenue | |
| 137,116 | |
| Total purchase consideration to be allocated | |
| 1,309,098 | |
| Less: fair value of intangible asset | |
| 18,000 | |
| Goodwill | |
$ | 1,291,098 | |
| (1) | Includes $950,000 of consideration shares and an additional $300,000 of consideration that was 100% probable at the time of close. |
|