Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Acquisition of Xcite Interactive, Inc. (Tables)

v3.23.2
Acquisition of Xcite Interactive, Inc. (Tables)
 6 Months Ended
Jun. 30, 2023
Acquisition of Xcite Interactive, Inc. [Abstract]  
Schedule of Consideration The following table summarizes the details of the consideration and the recognized amounts of assets acquired and liabilities assumed at the date of the acquisition.
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