Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Acquisition of Xcite Interactive, Inc. (Tables)

v3.22.1
Acquisition of Xcite Interactive, Inc. (Tables)
 12 Months Ended
Dec. 31, 2021
Acquisition of Xcite Interactive, Inc. [Abstract]  
Schedule of consideration
Common shares   $ 12,890,029  
Cash     112,225  
Working capital adjustment     (163,902 )
PPP shares     346,031  
Total Consideration   $ 13,184,383  
         
Identifiable Assets Acquired and Liabilities Assumed        
Cash   $ 27,124  
Accounts Receivable     37,719  
Property, Plant and Equipment     34,496  
Intangible Assets     7,140,000  
Other Assets     12,409  
Accounts Payable and Accrued Liabilities     (524,853 )
Other Liabilities     (123,171 )
Total Identifiable Assets   $ 6,603,724  
         
Goodwill   $ 6,580,659