4. ACQUISITIONS AND SALES: Schedule of Allocation of Purchase Consideration (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Ecker Capital, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 7,334
| $
| 9,921
|
Accounts receivable
|
| 136,214
|
| 184,242
|
Less: liabilities assumed
|
|
|
|
|
Accounts payable
|
| (191,744)
|
| (259,352)
|
Deferred revenue
|
| (242,546)
|
| (328,068)
|
SBA Loan – Interactive Systems, Inc.
|
| (535,145)
|
| (723,837)
|
SBFS LLC Loan dba Rapid Advance
|
| (44,684)
|
| (60,439)
|
Net asset (liability) acquired
| $
| (870,571)
|
| (1,177,534)
|
|
| ZooOffice, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 8,104
| $
| 11,185
|
Accounts receivable
|
| 41,480
|
| 57,250
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (1,688)
|
| (2,330)
|
Deferred revenue
|
| (265,957)
|
| (367,073))
|
SBA Loan – ZooOffice, Inc.
|
| (157,250)
|
| (217,036)
|
Net asset (liability) acquired
| $
| (375,311)
|
| (518,004)
|
|
| Weddle Surveying, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 30,437
| $
| 41,778
|
Accounts Receivable
|
| 8,109
|
| 11,130
|
Computers and related equipment
|
| 2,350
|
| 3,226
|
Furniture and fixtures
|
| 12,530
|
| 17,199
|
Vehicles
|
| 7,757
|
| 10,647
|
Business equipment
|
| 78,720
|
| 108,051
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (210)
|
| (288)
|
Net tangible assets
| $
| 139,693
| $
| 191,743
|
Customer lists, brand recognition, technology
|
| 197,000
|
| 270,402
|
Goodwill
|
| 188,307
|
| 258,470
|
Net purchase price
|
| 525,000
|
| 720,615
|
Acquisition payment
|
|
|
|
|
Cash paid ($262,500 USD)
| $
| 262,500
|
| 360,308
|
Promissory note ($262,500 USD)
|
| 262,500
|
| 360,307
|
Total purchase price
| $
| 525,000
|
| 720,615
|
|
| KJM Land Surveying, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 11,829
|
| 16,236
|
Accounts receivable
|
| 1,087
|
| 1,492
|
Computers and related equipment
|
| 14,200
|
| 19,491
|
Furniture and fixtures
|
| 13,500
|
| 18,530
|
Vehicles
|
| 22,500
|
| 30,884
|
Business equipment
|
| 67,100
|
| 92,101
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (1,650)
|
| (2,265)
|
Net tangible assets
| $
| 128,566
|
| 1,76,469
|
Customer lists, brand recognition, technology
|
| 127,000
|
| 174,320
|
Goodwill
|
| 144,434
|
| 198,251
|
Net purchase price
|
| 400,000
|
| 549,040
|
Acquisition payment
|
|
|
|
|
Cash paid ($200,000 USD)
| $
| 200,000
|
| 274,520
|
Promissory note ($200,000 USD)
|
| 200,000
|
| 274,520
|
Total purchase price
| $
| 400,000
|
| 549,040
|
|
| Othership, Limited |
|
| Schedule of Allocation of Purchase Consideration |
ZenaTech acquired all outstanding shares of equity securities and warrants of Othership, Limited, a United Kingdom corporation on March 14, 2025. Othership is a workspaces and collaborative workplace software company providing workplace scheduling and management solutions to remote-first businesses and individuals. This acquisition will expand ZenaTech’s internal expertise developing applications using quantum computing across both AI drone and enterprise SaaS areas where we see growing demand and revenue opportunities. The Company paid $260,000 USD of which $100,000 USD was paid in cash and issued a promissory note for $160,000 USD to its primary shareholder and other shareholders. The promissory note has one year amortization note at six percent (6%) interest per year paid monthly and with a maturity date of March 13, 2028. This acquisition includes an earnout based on the revenue earned payable to the former owner, with a minimum $50,000 USD for $500,000 USD in revenue earned, and a maximum of $300,000 USD for $1,000,000 revenue earned per year. The allocation of the purchase consideration is as shown in the table below. The currency exchange rate used in the calculations for below disclosure was $1 GBP to $1.8491 CAD and $1 USD to $1.3726 CAD the exchange rates on December 31st , 2025, as per https://www.wsj.com/market-data/quotes/fx/USDCAD/historical-prices.
Assets acquired
|
| USD
|
| CAD
|
Office equipment
| $
| 130
| $
| 178
|
Computers equipment
|
| 1,949
|
| 2,676
|
Net tangible assets
|
| 2079
|
| 2,854
|
Customer lists, brand recognition, technology
|
| 72,000
|
| 98,827
|
Goodwill
|
| 445,921
|
| 612,071
|
Net purchase price
|
| 520,000
|
| 713,752
|
Acquisition payment
|
|
|
|
|
Earnout
|
| 260,000
|
| 356,876
|
Cash paid ($100,000 USD)
|
| 100,000
|
| 137,260
|
Promissory note ($160,000 USD)
|
| 160,000
|
| 219,616
|
Total purchase price
| $
| 520,000
| $
| 713,752
|
|
| Wallace Surveying Corporation |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Accounts receivable
| $
| 264,509
| $
| 363,065
|
Computers and related equipment
|
| 28,220
|
| 38,735
|
Vehicles
|
| 108,500
|
| 148,927
|
Machinery & equipment
|
| 247,600
|
| 339,856
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (264,509)
|
| (363,065)
|
Net tangible assets
|
| 384,320
|
| 527,518
|
Customer lists, brand recognition, technology
|
| 456,000
|
| 625,906
|
Goodwill
|
| 459,680
|
| 630,956
|
Net purchase price
|
| 1,300,000
|
| 1,784,380
|
Acquisition payment
|
|
|
|
|
Cash paid ($650,000 USD)
|
| 650,000
|
| 892,190
|
Promissory note ($650,000 USD)
|
| 650,000
|
| 892,190
|
Total purchase price
| $
| 1,300,000
| $
| 1,784,380
|
|
| Miller Land Corporation |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 15,508
| $
| 21,286
|
Accounts receivable
|
| 96,784
|
| 132,846
|
Computers and related equipment
|
| 11,790
|
| 16,183
|
Furniture and fixtures
|
| 10,600
|
| 14,550
|
Vehicles
|
| 60,000
|
| 82,356
|
Business & equipment
|
| 129,500
|
| 177,752
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (112,218)
|
| (154,030)
|
Net tangible assets
|
| 211,694
|
| 290,943
|
Customer lists, brand recognition, technology
|
| 304,000
|
| 417,270
|
Goodwill
|
| 334,036
|
| 458,497
|
Net purchase price
|
| 850,000
|
| 1,166,710
|
Acquisition payment
|
|
|
|
|
Cash paid ($425,000 USD)
|
| 425,000
|
| 583,355
|
Promissory note ($425,000 USD)
|
| 425,000
|
| 583,355
|
Total purchase price
| $
| 850,000
| $
| 1,166,710
|
|
| Laventure & Associates, Inc. and Atlantic Civil Engineering, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 410,366
| $
| 563,268
|
Accounts receivable
|
| 204,490
|
| 280,683
|
Computers and related equipment
|
| 1,210
|
| 1,661
|
Furniture and fixtures
|
| 4,210
|
| 5,779
|
Vehicles
|
| 45,000
|
| 61,767
|
Business equipment
|
| 32,650
|
| 44,815
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (614,856)
|
| (843,951)
|
Net tangible assets
|
| 83,070
|
| 114,022
|
Customer lists, brand recognition, tec.
|
| 206,494
|
| 283,434
|
Goodwill
|
| 216,300
|
| 296,893
|
Net purchase price
|
| 505,864
|
| 694,349
|
Acquisition payment
|
|
|
|
|
Cash paid ($225,000 USD)
|
| 225,000
|
| 308,835
|
Earnout
|
| 55,864
|
| 76,679
|
Promissory note ($225,000 USD)
|
| 225,000
|
| 308,835
|
Total purchase price
|
| 505,864
|
| 694,349
|
|
| Empire Land Surveying |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 11,194
| $
| 15,365
|
Accounts receivable
|
| 27,270
|
| 37,431
|
Computers and related equipment
|
| 9,500
|
| 13,040
|
Furniture and fixtures
|
| 22,500
|
| 30,884
|
Vehicles
|
| 37,000
|
| 50,786
|
Business equipment
|
| 81,000
|
| 111,181
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (21,246)
|
| (29,162)
|
Net tangible assets
|
| 167,218
|
| 229,525
|
Customer lists, brand recognition, tec.
|
| 16,011
|
| 21,975
|
Goodwill
|
| 16,771
|
| 23,020
|
Net purchase price
|
| 200,000
|
| 274,520
|
Acquisition payment
|
|
|
|
|
Cash paid ($120,000 USD)
|
| 120,000
|
| 164,712
|
Promissory note ($80,000 USD)
|
| 80,000
|
| 109,808
|
Total purchase price
| $
| 200,000
|
| 274,520
|
|
| Cardinal Civil Resources |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 52,669
| $
| 72,293
|
Accounts receivable
|
| 762,410
|
| 1,046,484
|
Other current assets
|
| 59,843
|
| 82,141
|
Business equipment
|
| 533,580
|
| 732,392
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (57,832)
|
| (79,380)
|
Due to George Cunha
|
| (859,312)
|
| (1,179,492)
|
Net tangible assets
|
| 491,359
|
| 674,438
|
Customer lists, brand recognition, tec.
|
| 1,086,524
|
| 1,491,363
|
Goodwill
|
| 1,138,117
|
| 1,562,179
|
Net purchase price
|
| 2,716,000
|
| 3,727,982
|
Acquisition payment
|
|
|
|
|
Cash paid ($1,200,000 USD)
|
| 1,200,000
|
| 1,647,120
|
Promissory note ($1,200,000 USD)
|
| 1,200,000
|
| 11,647,120
|
Contingent Consideration Liability
|
| 316,000
|
| 433,742
|
Total purchase price
| $
| 2,716,000
|
| 3,727,982
|
|
| Morgan Surveying |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash and undeposited funds
| $
| 38,705
| $
| 53,126
|
Accounts receivable
|
| 90,475
|
| 124,186
|
Employee advances
|
| 13,053
|
| 17,917
|
Computers and related equipment
|
| 3,805
|
| 5,223
|
Furniture and fixtures
|
| 1,500
|
| 2,059
|
Vehicles
|
| 15,714
|
| 21,569
|
Leasehold improvements
|
| 15,329
|
| 21,041
|
Business equipment
|
| 45,726
|
| 62,764
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (114,180)
|
| (156,723)
|
Net tangible assets
|
| 110,127
|
| 151,160
|
Customer lists, brand recognition, tec.
|
| 246,582
|
| 338,458
|
Goodwill
|
| 258,291
|
| 354,530
|
Net purchase price
|
| 615,000
|
| 844,149
|
Acquisition payment
|
|
|
|
|
Cash paid ($307,500 USD)
|
| 307,500
|
| 422,075
|
Promissory note ($307,500 USD)
|
| 307,500
|
| 422,075
|
Total purchase price
| $
| 615,000
| $
| 844,149
|
|
| Lescure Engineers, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 123,148
| $
| 169,033
|
Accounts receivable
|
| 150,307
|
| 206,311
|
Work in Progress
|
| 166,786
|
| 228,930
|
Computers and related equipment
|
| 16,750
|
| 22,991
|
Furniture and fixtures
|
| 4,000
|
| 5,490
|
Equipment
|
| 36,350
|
| 49,894
|
Vehicles
|
| 12,500
|
| 17,158
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (233,384)
|
| (320,343)
|
Client retainers
|
| (190,932)
|
| (262,072)
|
Net tangible assets
|
| 85,525
|
| 117,392
|
Customer lists, brand recognition, etc.
|
| 143,308
|
| 196,705
|
Goodwill
|
| 150,112
|
| 206,044
|
Net purchase price
|
| 387,495
|
| 520,141
|
Acquisition payment
|
|
|
|
|
Cash paid ($175,000 USD)
|
| 175,000
|
| 240,205
|
Promissory note 1 ($175,000 USD)
|
| 175,000
|
| 240,205
|
Earnout
|
| 28,946
|
| 39,731
|
Total purchase price
| $
| 387,495
|
| 520,141
|
|
| A&J Land Surveyor, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 368,727
| $
| 5,06,115
|
Computers and related equipment
|
| 22,000
|
| 30,197
|
Furniture and fixtures
|
| 1,000
|
| 1,373
|
Business equipment
|
| 128,800
|
| 176,790
|
Vehicles
|
| 128,395
|
| 176,235
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (350,692)
|
| (481,360)
|
Net tangible assets
|
| 298,230
|
| 409,350
|
Customer lists, brand recognition, tec.
|
| 85,092
|
| 116,798
|
Goodwill
|
| 89,133
|
| 122,344
|
Net purchase price
|
| 472,455
|
| 648,492
|
Acquisition payment
|
|
|
|
|
Cash paid ($225,000 USD)
|
| 225,000
|
| 308,835
|
Promissory note ($225,000 USD)
|
| 225,000
|
| 308,835
|
Earnout
|
| 22,455
|
| 30,822
|
Total purchase price
| $
| 472,455
|
| 648,492
|
|
| Putt Land Surveying, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash and undeposited funds
| $
| 20,504
| $
| 28,144
|
Accounts receivable
|
| 72,919
|
| 100,088
|
Computers and related equipment
|
| 1,240
|
| 1,702
|
Furniture and fixtures
|
| 1,300
|
| 1,784
|
Machinery and equipment
|
| 54,300
|
| 74,532
|
Vehicles
|
| 13,000
|
| 17,844
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (93,423)
|
| (128,231)
|
Net tangible assets
|
| 69,840
|
| 95,863
|
Customer lists, brand recognition, tech.
|
| 246,722
|
| 338,650
|
Goodwill
|
| 258,438
|
| 354,732
|
Net purchase price
|
| 575,000
|
| 789,245
|
Acquisition payment
|
|
|
|
|
Cash paid ($250,000 USD)
|
| 250,000
|
| 343,150
|
Promissory note 1 ($72,789 USD)
|
| 75,000
|
| 102,945
|
Promissory note 2 ($250,000 USD)
|
| 250,000
|
| 343,150
|
Total purchase price
| $
| 575,000
|
| 789,245
|
|
| Rampart Surveys, LLC |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 38,956
| $
| 53,471
|
Accounts receivable
|
| 164,313
|
| 225,536
|
Computers and related equipment
|
| 11,794
|
| 16,188
|
Furniture and fixtures
|
| 14,841
|
| 20,371
|
Surveying equipment
|
| 133,564
|
| 183,330
|
Vehicles
|
| 25,550
|
| 35,070
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (164,637)
|
| (225,981)
|
Net tangible assets
|
| 224,381
|
| 307,985
|
Customer lists, brand recognition, tech.
|
| 159,034
|
| 218,290
|
Goodwill
|
| 166,585
|
| 228,655
|
Net purchase price
|
| 550,000
|
| 754,930
|
Acquisition payment
|
|
|
|
|
Cash paid ($275,000 USD)
|
| 275,000
|
| 377,465
|
Promissory note ($275,000 USD)
|
| 275,000
|
| 377,465
|
Total purchase price
| $
| 550,000
|
| 754,930
|
|
| Smith Surveying, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 1,195
| $
| 1,640
|
Accounts receivable
|
| 660,858
|
| 907,094
|
Computers and related equipment
|
| 2,500
|
| 3,432
|
Furniture and fixtures
|
| 400
|
| 549
|
Surveying equipment
|
| 73,400
|
| 100,749
|
Vehicles
|
| 135,650
|
| 186,193
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (662,053)
|
| (908,734)
|
Net tangible assets
|
| 211,950
|
| 290,923
|
Customer lists, brand recognition, tech.
|
| 637,229
|
| 874,661
|
Goodwill
|
| 667,488
|
| 916,193
|
Net purchase price
|
| 1,516,667
|
| 2,081,777
|
Acquisition payment
|
|
|
|
|
Cash paid ($900,000 USD)
|
| 900,000
|
| 1,235,340
|
Earnout (probable $300,000 USD)
|
| 16,667
|
| 22,887
|
Promissory note ($600,000 USD)
|
| 600,000
|
| 823,560
|
Total purchase price
| $
| 1,516,667
|
| 2,081,777
|
|
| Casado Design, Ltd |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| GBP
|
| CAD
|
Cash
| $
| (5,994)
| $
| (11,084)
|
Accounts receivable
|
| 20,894
|
| 38,635
|
Computers and related equipment
|
| 3,368
|
| 6,228
|
Furniture and fixtures
|
| 2,836
|
| 5,244
|
Business equipment
|
| 1,160
|
| 2,145
|
Vehicles
|
| 12,000
|
| 22,189
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (14,900)
|
| (27,552)
|
Net tangible assets
|
| 19,364
|
| 35,805
|
Customer lists, brand recognition, tec.
|
| 200,215
|
| 370,218
|
Goodwill
|
| 209,721
|
| 387,796
|
Net purchase price
|
| 429,300
|
| 793,819
|
Acquisition payment
|
|
|
|
|
Cash paid (151,400 GBP)
|
| 151,400
|
| 279,954
|
Promissory note 1 (150,000 GBP)
|
| 150,000
|
| 277,365
|
Promissory note 2 (100,000GBP)
|
| 100,000
|
| 184,910
|
Earnout
|
| 27,900
|
| 51,590
|
Total purchase price
| $
| 429,300
|
| 793,819
|
|
| Vara 3D, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 46,598
| $
| 63,960
|
Accounts receivable
|
| 131,945
|
| 181,108
|
Prepaid Expenses
|
| 35,373
|
| 48,553
|
Computers and related equipment
|
| 12,570
|
| 17,254
|
Surveying equipment
|
| 90,700
|
| 124,495
|
Vehicles
|
| 20,000
|
| 27,451
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (213,916)
|
| (293,621)
|
Net tangible assets
|
| 123,270
|
| 169,200
|
Customer lists, brand recognition, tech.
|
| 365,423
|
| 501,579
|
Goodwill
|
| 382,774
|
| 525,396
|
Net purchase price
|
| 871,467
|
| 1,196,175
|
Acquisition payment
|
|
|
|
|
Cash paid ($400,000 USD)
|
| 400,000
|
| 549,040
|
Earnout
|
| 22,206
|
| 30,480
|
Promissory note 1 ($400,000 USD)
|
| 400,000
|
| 549,040
|
Promissory note 2 ($49,261 USD)
|
| 49,261
|
| 67,615
|
Total purchase price
| $
| 871,467
|
| 1,196,175
|
|
| Holt Surveying & Mappin, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 16,834
| $
| 23,106
|
Accounts receivable
|
| 95,438
|
| 130,998
|
Computers and related equipment
|
| 21,240
|
| 29,154
|
Furniture and fixtures
|
| 400
|
| 549
|
Surveying equipment
|
| 116,850
|
| 160,388
|
Vehicles
|
| 15,000
|
| 20,589
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (112,272)
|
| (154,105)
|
Net tangible assets
|
| 153,490
|
| 210,679
|
Customer lists, brand recognition, tech.
|
| 104,884
|
| 143,964
|
Goodwill
|
| 109,864
|
| 150,800
|
Net purchase price
|
| 368,238
|
| 505,443
|
Acquisition payment
|
|
|
|
|
Cash paid ($175,000 USD)
|
| 175,000
|
| 240,205
|
Earnout
|
| 18,238
|
| 25,033
|
Promissory note ($175,000 USD)
|
| 175,000
|
| 240,205
|
Total purchase price
| $
| 368,238
|
| 505,443
|
|
| LD King Engineering Co., Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 1,018,808
| $
| 1,398,416
|
Accounts receivable
|
| 188,442
|
| 258,655
|
Unbilled services
|
| 342,896
|
| 470,660
|
Prepaid expenses
|
| 103,305
|
| 141,796
|
Computers and related equipment
|
| 9,550
|
| 13,108
|
Furniture and fixtures
|
| 2,900
|
| 3,981
|
Surveying equipment
|
| 117,950
|
| 161,898
|
Vehicles
|
| 71,000
|
| 97,455
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (1,653,451)
|
| (2,269,527)
|
Net tangible assets
|
| 201,400
|
| 276,442
|
Customer lists, brand recognition, tech.
|
| 1,371,498
|
| 1,882,518
|
Goodwill
|
| 1,436,621
|
| 1,971,906
|
Net purchase price
|
| 3,009,519
|
| 4,130,866
|
Acquisition payment
|
|
|
|
|
Cash paid ($1,425,000 USD)
|
| 1,425,000
|
| 1,955,955
|
Earnout
|
| 159,519
|
| 218,956
|
Promissory note ($1,425,000 USD)
|
| 1,425,000
|
| 1,955,958
|
Total purchase price
| $
| 3,009,519
|
| 4,130,866
|
|
| Andrew Spiewak Land Surveyor, Inc |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| USD
|
| CAD
|
Cash
| $
| 82,768
| $
| 113,607
|
Accounts receivable
|
| 47,568
|
| 65,292
|
Computers and related equipment
|
| 10,600
|
| 14,550
|
Furniture and fixtures
|
| 3,250
|
| 4,461
|
Surveying equipment
|
| 33,255
|
| 45,646
|
Vehicles
|
| 60,000
|
| 82,356
|
Less liabilities assumed
|
|
|
|
|
Accounts payable
|
| (130,335)
|
| (178,898)
|
Net tangible assets
|
| 107,106
|
| 147,014
|
Customer lists, brand recognition, tech.
|
| 188,340
|
| 258,515
|
Goodwill
|
| 197,284
|
| 270,793
|
Net purchase price
|
| 492,730
|
| 676,322
|
Acquisition payment
|
|
|
|
|
Cash paid ($280,000 USD)
|
| 280,000
|
| 384,328
|
Earnout
|
| 3,469
|
| 4,762
|
Promissory note 1 ($160,000 USD)
|
| 160,000
|
| 219,616
|
Promissory note 2 ($49,261 USD)
|
| 49,261
|
| 67,616
|
Total purchase price
| $
| 492,730
|
| 676,322
|
|
| Sunrise Window Cleaners |
|
| Schedule of Allocation of Purchase Consideration |
Assets acquired
|
| CAD
|
Cash
| $
| 9,440
|
Accounts receivable
|
| 30,538
|
Computers and related equipment
|
| 250
|
Furniture and fixtures
|
| 500
|
Surveying equipment
|
| 6,290
|
Vehicles
|
| 31,000
|
Less liabilities assumed
|
|
|
Accounts payable
|
| (39,978)
|
Net tangible assets
|
| 38,040
|
Customer lists, brand recognition, tech.
|
| 103,160
|
Goodwill
|
| 108,057
|
Net purchase price
|
| 249,257
|
Acquisition payment
|
|
|
Cash paid ($125,000 CAD)
|
| 125,000
|
Promissory note 1 ($75,000 CAD)
|
| 75,000
|
Promissory note 2 ($49,257 CAD)
|
| 49,257
|
Total purchase price
| $
| 249,257
|
|