Quarterly report pursuant to Section 13 or 15(d)

ORGANIZATION AND ACQUISITIONS, BUSINESS PLAN, AND LIQUIDITY (Tables)

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ORGANIZATION AND ACQUISITIONS, BUSINESS PLAN, AND LIQUIDITY (Tables)
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF INITIAL ACQUISITION OF TARGET COMPANIES

 

         
Purchase Price   $ 10,058,536  
         
Allocation of Purchase Price:        
Cash   $ 950,690  
Accounts receivable, net   $ 1,676,208  
Prepayments and other assets   $ 42,752  
Property and equipment   $ 9,351  
Goodwill   $ 7,090,054  
Intangible assets   $ 1,762,500  
Accrued expenses   $ 1,032,394  
Deferred tax liability   $ 440,625  
SCHEDULE OF SUPPLEMENTAL INFORMATION ON UNAUDITED PRO-FORMA BASIC OF ACQUISITION

The following pro forma amounts reflect the Company’s results as if the acquisition of the 2WR Entities had occurred on January 1, 2020. These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results of the acquisition to reflect the additional amortization of intangibles.

 

    2022     2021  
   

Three Months Ended

March 31,

 
    2022     2021  
Revenues     21,052,869       13,748,802  
Net income (loss)     (696,217 )     (625,803 )