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

Acquisition (Tables)

v3.21.1
Acquisition (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of purchase price to assets acquired and liabilities
Restricted cash   $ 15,380  
Accounts receivable     90,825  
Prepaid expenses and other current assets     195,580  
Inventory     32,500  
Property and equipment     116,884  
Short-term bank loan     (80,829 )
Trade payable     (486,407 )
Employees and payroll accruals     (171,319 )
Accrued expenses and other current liabilities     (502,251 )
Intangible assets     4,330,311  
Goodwill     3,187,417  
Total purchase price   $ 6,728,091  
Schedule of intangible assets
    Purchase price     Estimated useful life
           
Technology   $ 4,284,315     Ten (10) years
Backlog     45,996     One (1) year
             
Total amount allocated to intangible assets   $ 4,330,311